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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: | 10/31/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-10-2016: 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. 8m @ 157g/t Au, 34.5g/t Ag, 0.5% Cu from 146m. Emmerson Resource | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steve Russell (Internal) | |
| ABSTRACT: | Emmerson Resources Limited (“Emmerson” ASX: ERM) is pleased to announce the first assays from the 6,500m drilling campaign currently underway at their Edna Beryl project in the Northern Territory of Australia (Figure 1, table 1 and 2). The RC results from this ongoing drilling are 1m samples and support the previous gold intersections from Campaign 1 and 2 at Edna Beryl (ASX 2 August 2016). This drilling continues to further the geological and structural understanding at Edna Beryl, particularly in drill hole EBWRC041 which is the first indication of bonanza gold within ironstone 3 (figure 2). This opens up potential in all directions for further shallow high grade gold, not only in ironstone 3 but also repetitions further to the north (for example the recently intersected ironstone 4). Particularly as this intersection is only 130m below the surface but with good potential above in the supergene zone where often there is substantial enrichment of the gold. Similarly the first diamond drill hole (EBWDD031) has intersected 6m of brecciated hematite-chlorite in ironstone 1 (formerly called EB Deeps) that contains visible gold on fractures from 247m. The free gold occurs as isolated fine grains associated with hematite and chlorite. Locally minor pyritechalcopyrite occurs in the chlorite – note assays are pending (table 2). These new intersections are consistent with numerous shallow, sub-parallel ironstones associated with steeply dipping shear zones (ironstones 2, 3 & 4) that coalesce into a master shear at depth (ironstone 1) – some 160m below the surface (figure 2). The extent of mineralisation within any one ironstone is yet to be ascertained however continuation of the high-grade gold across many of these ironstones augers well for substantially adding to the existing JORC resources within our 100% owned Tennant Creek project in the Northern Territory. | |
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