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Emerald Resources NL

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Summary

Project:

Okvau

Deposit:Okvau
Location:Cambodia
Commodities:Gold
Date:1/16/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Mine Development
Report details:16-1-2020: Emerald Resources NL announces an Exploration/Drilling Update report for its Okvau deposit at the Okvau project. Drilling results incl. 5m @ 9.26g/t Au from 5m. Emerald Resources NL (ASX: EMR) (“Emerald”) is pleased to provide results from the
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 provide results from the most recent drill programme to delineate the oxide mineralised domain at the Okvau Gold Deposit. Emerald has embarked on a third phase of drilling to define the mineralised domain. The programme designed to delineate the mineralisation in the oxide portion of the Okvau Gold Project. This programme consists of a total of 1,200 shallow holes (~10m), infilling previous drilling to a 5m by 5m spacing (refer Figure 1). Currently 705 (5,542m) of the 835 (6,880m) drill collars have assay results returned. The results from the previously announced Phase 1 and Phase 2 simulated grade control drill programmes (refer ASX announcements 27 December 2017, 10 January 2018, 3 October 2018 and 24 October 2018) will be incorporated with this current drill programme to produce the final production ore blocks. The results to date have indicated additional mineralisation outside the current reserve blocks in the near surface oxide material (refer Figure 2). This has likely been caused by a combination of natural processes such as supergene enrichment and the flattening of mineralised structures during the oxidation processes and the relocation of surface material by historical, artisanal mining activities. Managing Director, Morgan Hart said: “The results to date strongly support the DFS Ore Reserve estimate in the area tested and strongly adds to our confidence in our ability to reconcile reserve grade and ounces (during operations) with the intended mining equipment type, scale of operation and grade control methodology.”

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