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Miramar Resources Limited ( (AU:M2R) ) has shared an announcement.
Miramar Resources Limited has initiated RC drilling at the 8 Mile target within the Gidji JV Project, aiming to explore northern extensions of the 8-Mile Dam gold deposit. The company has entered a drill-for-equity agreement with Topdrill to optimize drilling costs, highlighting the strategic importance of this exploration in potentially expanding their resource base. The project, surrounded by significant gold operations, has shown promising mineralization results, indicating potential for new discoveries that could enhance Miramar’s position in the gold exploration sector.
More about Miramar Resources Limited
Miramar Resources Limited is an exploration company focused on discovering and developing gold deposits. The company operates primarily in the Eastern Goldfields Province of Western Australia, with its key project being the Gidji JV Project, located near Kalgoorlie. Miramar aims to uncover new gold camps and deposits through systematic exploration and drilling activities.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.99M
Find detailed analytics on M2R stock on TipRanks’ Stock Analysis page.