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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: | 8/2/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-8-2016: Emmerson Resources Ltd. announces an Exploration/Drilling Update report for its Edna Beryl deposit at the Tennant Creek project. JV with Evolution Mining - drilling results incl. 5m @ 35.6g/t Au, 38.6ppm Ag, 0.62% Cu plus more. Emmerson Resource | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steve Russell (Internal) | |
| ABSTRACT: | Emmerson Resources Limited (“Emmerson” ASX: ERM) and partner, Evolution Mining Limited (“Evolution” ASX: EVN) advise that majority of the assay results have now been received from drilling campaign 1 and 2 at Edna Beryl. The return of the individual 1 metre samples from the second drilling campaign (table 1 and figure 2) confirm the high-grade nature of the gold mineralisation and importantly highlight the potential of this project to substantially add to the existing JORC resources within our 100% owned Tennant Creek project in the Northern Territory (figure 1). The five “ore shoot panels” identified to date link the Edna Beryl West to the Edna Beryl East mineralisation and now with the results from the deeper panel 3 drilling (EBWRC025 and 26), indicate continuity and potential at depth. Furthermore, the very high grade gold at depth is primary in nature and not the result of upgrading through a supergene process and thus augers well for the next round of panel 3 (and below) drilling. Also the association of gold with oxidised, hematite bearing fluids continues to validate our exploration model and reveal a new generation of hematite (i.e. nonmagnetic) ironstone hosted gold and copper deposits. Given the encouragement from the last two drill campaigns, the next round of ~6,500m of reverse circulation and diamond drilling will commence in August 2016 and continues to be fully funded through the Farm-In and Joint Venture with Evolution. With details yet to be finalised, this drilling will be focussed on extensions at Edna Beryl (Panel 3 and below) and some new projects including Susan, Venus, Retsina, Eldorado AN5 and, the M5 and Black Eye targets within a recently acquired tenement along the Warrego-Orlando corridor (figure 1). | |
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