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Emerald Resources NL

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Summary

Project:

Okvau

Deposit:Okvau
Location:Cambodia
Commodities:Gold
Date:1/10/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Mine Development
Report details:10-1-2018: Emerald Resources NL announces an Exploration/Drilling Update report for its Okvau deposit at the Okvau project. Drilling results incl. 11m @ 11.7g/t Au from 19m. Emerald Resources NL (ASX:EMR) (‘Emerald’) is pleased to announce assay results o
Resources:(Reserve, Prob.): 14.26Mt @ 1.98g/t Au for 907Koz contained at Okvau
CP/QP:[Overall Report]: Keith King (Internal)
ABSTRACT:Emerald Resources NL (ASX:EMR) (‘Emerald’) is pleased to announce assay results of the remaining holes drilled to date of an initial grade control program at the Okvau Gold Deposit. In order to further de-risk the development of the Okvau Gold Project, Emerald has embarked on a 323 hole shallow (~25m) grade control program drilled on 10m by 10m spacing (refer Figure 1). On 27 December 2017 the Company announced it had completed 154 holes and reported the assay results of the initial 51 holes. On review, 152 holes have been completed and the assay results of the initial 49 holes were reported on 27 December 2017 with the remaining 171 holes to be drilled following the grant of the Okvau Industrial Mining License. The results to date, although limited in number, support the DFS Ore Reserve estimate in the area tested, particularly in respect to gold grade. The cost of the program will represent an operating cost saving. The Company also advises that Executive Director, Mr Justin Tremain, has resigned from this position effective 31 January 2018 to pursue other interests. He will remain as a NonExecutive Director to assist in the completion of permitting and financing for the development of the Okvau Gold Project. The composition of the Board will continue to be reviewed as the Company moves into development phase.

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