Shallow High-Grade Gold in Gidji RC Drilling

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Stock Miramar Resources Ltd (M2R.ASX)
Release Time 10 Mar 2026, 8:24 a.m.
Price Sensitive Yes
 Shallow High-Grade Gold in Gidji RC Drilling
Key Points
  • 3m @ 9.45g/t Au from 47m (incl. 1m @ 23.11g/t Au) at Highway Prospect
  • Awaiting further assays and further drilling planned to evaluate potential for a shallow gold resource(s)
  • Miramar believes there is potential for the discovery of a new gold camp, with multiple gold deposits, within the Gidji JV Project
Full Summary

Miramar Resources Limited has reported that RC drilling at its 80%-owned Gidji JV Gold Project, located 15 kilometres north of Kalgoorlie, has intersected shallow high-grade gold at the Highway Prospect. The highlight intersection was 3m @ 9.45g/t Au from 47m, including 1m @ 23.11g/t Au. The RC drilling campaign comprised 19 holes for a total of 2431 metres and included angled holes testing beneath significant aircore intersections at the high-priority Blackfriars and Highway gold targets, as well as shallower vertical holes aimed at assessing the potential for an initial JORC-compliant gold resource. Most holes intersected supergene gold anomalism at or directly under the base of the Gidji Paleochannel. Miramar's Managing Director, Ms Marion Bush, stated that the team is encouraged by the results to date and keenly await the remaining assays from the RC drill programme, most of which will come from the Highway Prospect. The Company will then start planning further drilling to determine the scale of the opportunity at Highway. Miramar believes there is potential for the discovery of a new gold camp, with multiple gold deposits, within the Gidji JV Project.

Outlook

Miramar will wait to receive all assays from the current drilling programme, and, pending results, will plan further drilling including bedrock testing and/or resource drilling at the Highway Prospect.