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Miramar Resources Limited (ASX:M2R)

ALERT: Price-sensitive ASX Announcement for M2R
Current share price for M2R : $0.003 -0.001 (-16.67%)+
Announcement
Release
23 Jul 2026 8:21AM
Price at Release
$0.003
Full Release
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Summary
Miramar Resources Limited announced significant upgrades to drill targets at their Joy Helen prospect within the Chain Pool Project, located in the Gascoyne region, Western Australia. The auger drilling results revealed up to 0.1% copper and 0.8% lead, enhancing the potential of the Joy Helen site, which shows similarities to SEDEX-type deposits. A total of 116 holes were drilled over 10 traverses, demonstrating coincident copper and lead anomalies. Miramar plans to further test these targets using deeper drilling techniques and explore a newly identified area 4km northwest of Joy Helen that could increase the project's value significantly.
Key Points
  • Auger results indicate up to 0.1% Cu and 0.8% Pb, enhancing Joy Helen drill targets.
  • Large alteration halos and new target areas identified at Chain Pool Project.
  • Joy Helen is part of Chain Pool in the Gascoyne region, showing similarities to SEDEX deposits.
  • 116 holes drilled over 10 traverses, revealing significant Cu and Pb results.
  • New target area identified 4km northwest of Joy Helen, previously untested.
  • Plans for further drilling with RC and diamond techniques.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.