Miramar Resources (ASX:M2R) has launched its 2026 exploration season with the commencement of a high-priority reverse circulation drilling program at the Gidji JV Gold Project.
Located just 15km north of the historic mining hub of Kalgoorlie, the project sits in a prime geological setting surrounded by established infrastructure and world-class processing plants.
The latest campaign is specifically designed to test the bedrock potential of the Blackfriars and Highway prospects, two significant targets that have previously only been explored through shallow aircore drilling.
The program consists of approximately 10 to 12 holes totaling up to 3,000m, with individual drills reaching depths of 250m.
Managing Director Marion Bush highlighted the strategic importance of this phase, noting that previous shallow work identified "supergene" gold anomalies stretching over 1km in length.
The Blackfriars prospect has shown high-grade potential, with past aircore results including 11.79g/t gold, while Highway sits over a large geophysical conductor that has never been tested by deeper bedrock drilling.
By pushing beyond the shallow Gidji Paleochannel into the underlying rock, Miramar aims to locate the primary source of the surface gold.
At the time of reporting, Miramar Resources’ share price was $0.0040.