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Miramar Resources Limited ( (AU:M2R) ) has provided an update.
Miramar Resources Limited has identified multiple new drill targets at its 8 Mile prospect, part of the Gidji JV Gold Project. Despite some disappointing results from recent drilling, the company sees significant potential for gold mineralisation, particularly with shallow aircore gold results extending north from 8-Mile Dam. The company plans to conduct infill geophysical surveys to refine these targets before further drilling. Additionally, Miramar is progressing with other exploration projects and has initiated a sale process for non-core assets.
More about Miramar Resources Limited
Miramar Resources Limited is a company involved in the mining and exploration industry, focusing primarily on gold projects. The company is engaged in various exploration activities, including the Gidji JV Gold Project near Kalgoorlie, Western Australia, and other projects targeting nickel, copper, and precious metals.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.99M
See more insights into M2R stock on TipRanks’ Stock Analysis page.