Drilling Team Mobilising to Chain Pool Project

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Stock Miramar Resources Ltd (M2R.ASX)
Release Time 13 May 2026, 8:16 a.m.
Price Sensitive Yes
 Miramar to commence drilling at Chain Pool Copper-Lead-Silver-Gold Project
Key Points
  • Auger drill rig mobilising to Joy Helen prospect within Chain Pool Project
  • Historic workings show high-grade Cu-Pb-Ag mineralisation over 300m strike
  • Rock chip sampling confirms and extends strike length of high-grade mineralisation
Full Summary

Miramar Resources Limited (ASX:M2R) is pleased to advise that an auger drilling team has begun mobilising to the Joy Helen prospect within the Chain Pool Project, in the Gascoyne region of Western Australia. The Joy Helen prospect contains historic workings with high-grade Cu-Pb-Ag mineralisation over a strike length of approximately 300m. Rock chip sampling by Miramar confirmed and extended the strike length of high-grade mineralisation at Joy Helen, with results including up to 73.48g/t Ag, 5.48% Cu, 42.0% Pb, and 0.81g/t Au. Further rock chip and soil sampling identified the potential for strike extensions and additional parallel mineralised zones. This will be the first drilling at the project since 1964, and the programme aims to outline the extent of high-grade mineralisation beneath shallow cover. Miramar believes the Chain Pool project represents a great opportunity with potential for a new base metal deposit, with similarities to the high-grade Lady Loretta SEDEX deposit in Queensland.

Outlook

Miramar is excited to be heading back to the Chain Pool project after delays, with the drilling programme expected to take around two weeks to complete. The company will keep investors informed as the programme progresses.