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Emerald Resources NL
Summary
| Project: | Koan Nheak | |
|---|---|---|
| Deposit: | Koan Nheak | |
| Location: | Cambodia | |
| Commodities: | Gold | |
| Date: | 10/31/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-10-2019: Emerald Resources NL announces an Exploration/Drilling Update report for its Koan Nheak deposit at the Koan Nheak project. Drilling results incl. 8.00m @ 3.61g/t Au from 31m. Emerald Resources NL (ASX: EMR) (“Emerald”) is pleased to provide an | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Keith King (Internal) | |
| ABSTRACT: | Emerald Resources NL (ASX: EMR) (“Emerald”) is pleased to provide an exploration update on the Koan Nheak Gold Project (Emerald earning 80%) and recent regional soils programmes undertaken at the Phnom Khtong (Emerald earning 70%) and Snoul Projects (Emerald earning 70%). The Koan Nheak Project is a Joint Venture with Angkor Gold Corp (‘Angkor Gold’, TSX listed) whereby Emerald may earn up to an 80% interest. Emerald has previously undertaken initial reconnaissance field work within the Koan Nheak exploration licence focusing in and around the Peacock Prospect. No drilling has ever been undertaken within the exploration licence. Emerald recently completed a first pass RC drill programme on the previously announced gold-in-soil Peacock anomaly (refer to ASX Announcement dated 3 August 2018). The 1,194 metre (15 collars) RC drill programme was designed to both test the peaks of the gold-in-soil anomalism and also the most prospective geophysical IP anomalies and was drilled down to an average depth of 80 metres (refer to Figure 2). 10 of the 15 drill holes intersected zones of quartz breccia with sulphide mineralisation. Each of these geologically noteworthy zones were associated with low level (>0.1g/t) gold mineralisation confirming the existence of a gold mineralised system with the best intersection (8m @ 3.61g/t) being hosted by the diorite intrusive (refer to Figure 2). The significant drill intersections are listed in Table 1. | |
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