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Emmerson Resources Ltd.
Summary
| Project: | Tennant Creek | |
|---|---|---|
| Deposit: | Edna Beryl | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Bismuth-Copper-Iron-Lead-Zinc-Molybdenum-Antimony | |
| Date: | 9/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-9-2017: Emmerson Resources Ltd. announces an Exploration/Drilling Update report for its Edna Beryl deposit at the Tennant Creek project. JV - drill results incl. 7m @ 1.33g/t Au, 3.23g/t Ag, 174ppm Bi, 214ppm Cu, 13% Fe from 171m. Emmerson Resources Li | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steve Russell (Internal) | |
| ABSTRACT: | Emmerson Resources Limited (“Emmerson” ASX: ERM) is pleased to announce that the near mine and regional exploration programs completed at Edna Beryl within its 2,800km2 Tennant Creek project has discovered additional ironstones, some highly anomalous in both copper and gold (figure 1& 2, table 1). The deep diamond drill program at Edna Beryl has confirmed that ironstones and mineralisation persist at depth, with the best intersections in EBWDD073 of 0.65m at 6.53g/t gold from 305m and EBWDD076 of 5m at 0.45g/t gold, including 1m at 1.40g/t gold and highly elevated bismuth of 0.12% - typically a pathfinder to high grade gold. The depth extent remains open and requires deeper testing, while further drilling is required to define the volume and grade of mineralisation associated with these new intercepts. Drill hole EBWRC083 some 200m to the west of the Edna Beryl mine intersected a thick shear zone containing chlorite-hematite ironstone and quartz veining, assaying 7m at 1.33g/t gold from 171m including 2m at 4.31g/t gold and 1m at 6.60g/t gold. Encouragingly, this is supported in adjacent gold anomalous drill holes EBWRC080 and 079 – indicating good potential for extensions to the known mineralisation. Planning is underway for the development of an underground exploration drive from the current Edna Beryl mine across to the recently discovered Edna Beryl West mineralisation. This will enable more effective and cheaper drilling of the greater Edna Beryl mineralisation from underground, consistent with resource delineation at many of the historic deposits within the Tennant Creek Mineral Field. | |
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