Miramar Resources makes significant discovery

Miramar Resources (ASX:M2R) has reported encouraging findings from recent soil sampling at their Chain Pool Project in Western Australia. A 700-meter geochemical anomaly has been identified at the Joy Helen prospect, which may be indicative of significant Sedimentary Exhalative (SEDEX) mineralization, echoing characteristics of the renowned Lady Loretta deposit in Queensland.

Comprehensive overview of exploration findings

Miramar Resources' soil sampling at the Chain Pool Project has uncovered a notable 700-meter geochemical anomaly at the Joy Helen prospect, indicative of potential SEDEX mineralization. Strategically situated near a significant geological feature known for hosting large SEDEX deposits, the project shows promise with similarities to the Lady Loretta deposit's geochemical data. Future exploration will focus on infill soil and rock chip sampling, as well as initiating an aircore drilling program. Miramar aims to enhance shareholder value through the discovery of high-quality mineral deposits, with a focus on gold, copper, and Ni-Cu-PGE deposits, while further exploring the project's potential for additional mineralization types such as MVT Pb-Zn and magmatic Ni-Cu-Co-PGE.

Executive insights into exploration results

The soil survey results at Joy Helen are highly promising and exhibit geochemical signatures similar to the high-grade Lady Loretta deposit. The presence of a sideritic halo and SEDEX Metal and Alteration Indices suggest the potential for significant mineralization. Our strategic location near major geological features further enhances the prospectivity of the Chain Pool Project.