Gidji JV Delivers Again: Miramar Strikes More Gold in Kalgoorlie’s Backyard
- Noel Ong
- May 16
- 5 min read
Announcement:
Gold is back in the Eastern Goldfields—and so is Miramar Resources (ASX: M2R), which is now back in town. In my opinion, the return to Gidji is the right path for M2R. Gidji is one of those projects that requires completion. A complete exploration of all potential options to discover that economic deposit.
The latest results from Gidji Joint Venture (JV) Project, located just 15km north of Kalgoorlie, reinforce the project's potential to host a major new gold camp and come as the Australian dollar gold price surges past A$5,000/oz.
Project Location
The Gidji JV is strategically located along the Boorara Shear Zone, a proven structural corridor with multiple gold operations nearby, including Northern Star Resources’ Kalgoorlie assets (Figure 1).
Figure 1: Gidji JV Project (yellow outline) and Boorara Shear Zone (white), near Kalgoorlie (source: M2R ASX Announcement on 12 May 2025)
Why This Matters
The latest drilling expands the supergene gold footprint at the high-priority Blackfriars target, an area that shares key geological characteristics with the multi-million-ounce Paddington deposit.
Miramar’s Executive Chairman, Mr. Allan Kelly, commented:
“The new results increase the footprint of the high-priority Blackfriars target, which shares several similarities to the multi-million-ounce Paddington gold deposit along strike to the north, including its location at the contact between the Boorara Shear Zone and the Black Flag Beds,”
“This is the first systematic drilling at Gidji after a break of almost 3 years whilst, at the same time, the Australian dollar gold price has risen from $2,500/oz to well over $5,000/oz.”
Drill Intercepts
Miramar released results from the first 34 aircore holes of a 180-hole campaign. While grades are modest, several intercepts hint at a growing, consistent mineralisation:
GJAC955: 1m @ 4.45g/t Au (paleochannel gold)
GJAC944: 1m @ 2.01g/t Au
GJAC932: 2m @ 1.96g/t Au
GJAC960: 2m @ 1.12g/t Au (end-of-hole, open to east)
Additionally, strong silver values were encountered:
GJAC945: 2m @ 0.75g/t Au with 8.68g/t Ag
GJAC943: 1m @ 0.53g/t Au with 4.38g/t Ag
These numbers may seem small in isolation, but within the context of widespread supergene mineralisation across multiple targets, they carry weight (Figure 2).
Figure 2: New aircore drilling results (squares) and previous drilling (circles) (source: M2R ASX Announcement on 12 May 2025)
The Bigger Picture
This is the first major drill program at Gidji since 2022. The flat-lying supergene gold zones being intersected are hosted below the Gidji Paleochannel, suggesting the potential for more significant bedrock-hosted mineralisation beneath.
Since 2020, Miramar has:
Unlocked multiple new gold zones through systematic aircore drilling
Identified bedrock targets for deeper drilling
Demonstrated large-scale mineralisation potential in an underexplored terrain
Strategic Advantages
Infrastructure: Close proximity to operating mills and gold mines
Underexplored: Gidji has remained hidden due to transported cover and paleochannel masking
Aggressive strategy: Miramar is leveraging historic data with modern exploration techniques
What’s Next?
Completion of the current 180-hole aircore campaign
Targeting high-grade bedrock zones with RC and diamond drilling
Assessing scale and continuity of new mineralised zoneshttps://youtu.be/uF2RPWPEXJw?si=QELGfFZBjje6DR5h
With the Australian gold price pushing new highs and interest growing in the Kalgoorlie region, Miramar is positioning itself for a potential breakthrough.
Samso’s Concluding Comments
Gidji is one of those projects that was left behind, mainly due to the total disinterest in a gold project when the whole market was only interested in lithium. As a practitioner in this market on the corporate level, I am pretty sure that Allan had no choice but to leave Gidji in preference for the "other" commodities. The "Force" to look for the "Critical Minerals" would have been overwhelming.
It is now funny that the major asset in the company that was neglected because the market sentiment was lithium and REE is now back in focus.
I am glad the focus is now back on Gidji JV. I have mentioned, and you would have heard Allan make this comment many times about the Gidji JV project, "this is the cheapest house on the best street". The Gidji JV ticks many boxes—location, structure, scale, and now with a rising gold market, it is back in fashion.
It should never have been taken out of fashion, as the previous exploration results gave no doubt that there exists a prize that is yet to be recovered. The recent results are evidence that the consistency of the exploration success is remarkable. Time and funding are needed to make this either a discovery or a sterilising program. One could not walk away from this project, confirming all the options.
Coffee with Samso:
Rooster Talk:
A New Gold Camp in the Kalgoorlie Goldfields - Gidji Gold Project - Miramar Resources Ltd (ASX: M2R)
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