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Emerald Resources NL
Summary
| Project: | Okvau | |
|---|---|---|
| Deposit: | Sammang, Okvau | |
| Location: | Cambodia | |
| Commodities: | Gold | |
| Date: | 12/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 27-12-2017: Emerald Resources NL announces an Exploration/Drilling Update report for its Sammang, Okvau deposit at the Okvau project. Drilling results incl. 4m @ 22.93g/t Au from 18m. Emerald Resources NL (ASX:EMR) (‘Emerald’) is pleased to provide result | |
| Resources: | (Reserve, Prob.): 14.26Mt @ 1.98g/t Au for 907Koz contained at Okvau | |
| CP/QP: | [Overall Report]: Craig Johnson (Internal) | |
| ABSTRACT: | Emerald Resources NL (ASX:EMR) (‘Emerald’) is pleased to provide results received from recent exploration drilling undertaken at the Samnang Prospect and initial grade control drilling at the Okvau Gold Deposit. Emerald has received results from recently completed follow up drilling at the Samnang Prospect located immediately adjacent to the Okvau Gold Deposit. The follow up program consisted of 15 RC holes for 1,272m (refer Figures 1 & 2). The latest results confirm the continuity of high grade gold mineralization at Samnang with results including. In order to further de-risk the Okvau Gold Project, Emerald has embarked on a 323 shallow (25 metres) grade control program drilled on 10 metre by 10 metre spacing (refer Figure 3). To date 154 holes have been completed with assay results received for the initial 51 holes. The remaining 169 holes will be drilled following the grant of the Okvau Industrial Mining License. The results to date, although limited in number, compare favorably with the model in the area tested. The cost of the program will represent an operating cost saving. 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 (refer ASX announcement 13th July 2017). Emerald recently undertook initial reconnaissance field work within the Koan Nheak exploration licence focusing in and around the Peacock Prospect as previously defined by Angkor Gold. No drilling has ever been undertaken within the exploration licence. | |
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