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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: | 12/6/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-12-2016: 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 @ 83.6g/t Au, 3.1g/t Ag from 89m. Emmerson Resources Limited ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steve Russell (Internal) | |
| ABSTRACT: | Emmerson Resources Limited (“Emmerson” ASX: ERM) is pleased to announce further assays from the 6,500m drilling campaign at their Edna Beryl project in the Northern Territory of Australia (Figure 1, 2 and table 1). Both diamond and RC drilling has now been completed at Edna Beryl and weather permitting, the RC rig will move to the Retsina prospect. The RC results reported are 1m samples and the DDH results are ½ NQ diamond core samples, which support the previous gold intersections from Campaign’s 1, 2 and 3 at Edna Beryl (ASX 31 October 2016). Drill holes GRED42A and EBWRC034 are development drilling ahead of mining at Edna Beryl and where both the sinking of the haulage and ventilation shafts continues. First ore is anticipated in early 2017. These bonanza high grade gold intersections confirm the very positive outlook for not only the tribute mining at Edna Beryl and future risk-free cash for Emmerson, but also auger well for the discovery of similar supergene gold within the broader Edna Beryl project. Diamond drill hole EBWDD031 confirms the continuation of high grade gold at depth with the intersection of free gold in Ironstone 1 (formerly called EB Deeps). This 6m of brecciated ironstone contains free disseminated gold that occurs with hematite, chlorite and locally minor pyrite-chalcopyrite. Assay results of 4.3m at 24.6g/t gold, include outstanding intercepts of 2m at 51.7g/t gold and 1m at 102g/t gold – attesting to the high grade nature of the primary gold mineralisation at Edna Beryl. | |
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