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Emerald Resources NL

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Summary

Project:

Okvau

Deposit:Okvau
Location:Cambodia
Commodities:Gold
Date:7/2/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Mine Development
Report details:2-7-2019: Emerald Resources NL announces an Exploration/Drilling Update report for its Okvau deposit at the Okvau project. Drilling results incl. 15m @ 11.92g/t Au from 143m. Emerald Resources NL (ASX: EMR) (“Emerald”) is pleased to provide further encour
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 further encouraging exploration results from recent drilling at the Okvau Gold Project. As previously announced, Emerald commenced a follow up 13 collars (plus 2 collar reentries) 2,466m drill program targeting a potential feeder zone for the Okvau mineralisation. The drilling intersected the interpreted brecciated mineralised zone on several sections including 8m @ 19.98g/t down dip from the previously announce intersection in RC19OKV390, refer to Figure 1. Further work is currently planned to understand the significance of the potential feeder zone which potentially leads to a positive impact to the Okvau Gold Project economics. Figure 2 illustrates, in cross section, the 179 gram metre (RC19OKV390) and 160 gram metre (RC19OKV397) intersections and shows the mineralisation is still open at depth. Figure 3 cross section is north 50m along strike from Figure 2 illustrating the potential for additional drilling to identify mineralisation both between existing drill holes and at depth. Additional drilling of the fault/feeder zone mineralisation and the extension of the zone has the potential to significantly add to the existing resource and add to the in pit reserve. Managing Director Morgan Hart commented “The tenor of grade and widths in the recent drilling campaign gives Emerald great confidence in the potential for increasing reserves beyond the current levels at Okvau. In addition the continued progress on the early development aspects of the Okvau Gold Project, including the upgraded road access and high voltage power line construction are very positive developments in the construction schedule.”

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