Miramar Extends Gidji Highway Gold Trend and Targets Claypan Upside

Miramar Resources Limited ( (AU:M2R) ) has provided an announcement.

Miramar Resources has expanded the shallow gold footprint at its Highway prospect within the Gidji JV to more than 600 metres of strike, following reverse circulation drilling that returned multiple coherent zones of near-surface mineralisation, including high-grade intercepts. With drilling spaced at roughly 50 metres, the company has engaged a resource geologist and plans closer-spaced RC drilling to evaluate the potential for one or more shallow gold resources that could support a self-funded exploration model given the project’s proximity to the Goldfields Highway and several processing plants.

In parallel, Miramar has highlighted the Claypan prospect, about 200 metres east of the Goldfields Highway and along strike from major deposits such as Crossroads and Kanowna Belle, where historical wide-spaced drilling has outlined sporadic bedrock gold over about one kilometre. After completing a heritage survey, the company intends to infill and extend this mineralisation with new RC drilling, seeking to confirm the scale and continuity of Claypan’s gold potential and further enhance Gidji’s overall exploration upside.

The most recent analyst rating on (AU:M2R) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Miramar Resources Limited stock, see the AU:M2R Stock Forecast page.

More about Miramar Resources Limited

Miramar Resources Limited is an Australian gold exploration company focused on advancing its 80%-owned Gidji Joint Venture project near Kalgoorlie in Western Australia. The company targets shallow gold discoveries within trucking distance of established processing plants, aiming to leverage nearby infrastructure and high gold prices to fast-track potential development options.

Technical Sentiment Signal: Sell

Current Market Cap: A$6.33M

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