M2R.ASX: Chain pool SEDEX Potential Confirmed by Auger Drilling

Chain pool SEDEX Potential Confirmed by Auger Drilling

Stock	Miramar Resources Ltd (M2R.ASX)
Release Time	3 Jun 2026, 8:17 a.m.
Price Sensitive	Yes

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Miramar Resources Completes Auger Drilling at Chain Pool SEDEX Prospect

Key Points

Auger drilling completed on time and budget
High-grade copper-lead-silver mineralisation identified
Results expected in the next month
Potential for a large SEDEX deposit

Full Summary

Miramar Resources Limited has completed an initial auger drilling campaign at the high-grade Joy Helen copper-lead-silver prospect, located within its Chain Pool project in the Gascoyne region of Western Australia. The Joy Helen prospect contains high-grade Cu-Pb-Ag mineralisation over a strike length of approximately 300m, with similarities to Sedimentary Exhalative (SEDEX) deposits. The drilling campaign successfully tested strike extensions to the known mineralisation and identified new parallel structures, indicating potential for a large SEDEX deposit. Samples have been submitted for assay, with results expected in the next month. Miramar plans to conduct a Ground Gravity geophysical survey and a Passive Seismic survey to assist in mapping the basement topography and faulting, and potentially also directly detect deeper Pb-Zn mineralisation.