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Emerald Resources NL
Summary
| Project: | Okvau | |
|---|---|---|
| Deposit: | Okvau | |
| Location: | Cambodia | |
| Commodities: | Gold | |
| Date: | 12/2/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 2-12-2016: Emerald Resources NL announces an Exploration/Drilling Update report for its Okvau deposit at the Okvau project. Drilling results incl. 18m @ 4.53g/t Au from 83m. Emerald Resources NL (ASX: EMR) (‘Emerald’) is pleased to provide an update on it | |
| Resources: | (Resource, I+I): 15.8Mt @ 2.2g/t Au for 1.131Moz Au contained at project | |
| CP/QP: | [Overall Report]: Craig Johnson (Internal) | |
| ABSTRACT: | Emerald Resources NL (ASX: EMR) (‘Emerald’) is pleased to provide an update on its 100% owned Cambodian Gold Project including the status of the Definitive Feasibility Study (‘DFS’), assay results from the remainder of the recently completed shallow resource infill drilling and initial assay results from step-out drilling at the 1.13Moz Okvau Deposit (refer Table Three). All aspects of the DFS are progressing on schedule for completion in early 2017. As announced on 18 October 2016, Emerald completed 7,424 metres of resource infill drilling designed to improve the confidence in the resource estimate of the top 120 vertical metres of the Okvau Deposit by closing the drill spacing to approximately 25 metres by 25 metres. Drilling is continuing with a program of step-out drilling to test for strike and dip extensions outside the current Okvau resource envelope underway which will be followed by some deeper diamond core holes to test for high grade depth extensions. Emerald’s Managing Director, Morgan Hart, commented: “The results of the resource infill drilling are highly encouraging and are now being incorporated into an updated resource model as part of the DFS. The drill density of 25 metre spacing in the top 120 metres of the deposit will provide a high level of confidence in the resource model and assist in establishing a maiden JORC compliant reserve for the Okvau Deposit. Drilling outside the existing resource envelope has demonstrated the potential to add further shallow ounces and the potential at depth is exciting with drilling to test that potential about to commence.” | |
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