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Emmerson Resources Ltd.
Summary
| Project: | Kadungle | |
|---|---|---|
| Deposit: | Kadungle | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Bismuth-Copper-Iron-Lead-Zinc | |
| Date: | 7/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-7-2017: Emmerson Resources Ltd. announces an Exploration/Drilling Update report for its Kadungle deposit at the Kadungle project. Drilling results incl. 25.6m @ 0.38g/t Au, 3.5ppm Ag, 17.8ppm Bi, 0.12ppm Cu, 910ppm Zn from 23.4m. Emmerson Resources Lim | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ana Liza Cuison (Internal) | |
| ABSTRACT: | Emmerson Resources Limited (“Emmerson” ASX: ERM) is pleased to announce that our first drill hole at Kadungle in NSW (figure 1) has intersected high level epithermal gold-silver mineralisation and deeper porphyry copper-gold within a very extensive zone of alteration. This drill hole supports the previous historical drilling where high level epithermal veins were intersected with best assays of 12m at 7.7g/t (drill hole KDD002). Similarly, deeper disseminated and veined copper-gold produced intersections of 37m at 0.23% copper including 6m at 1.1% copper (KDD013) and 154m at 0.12% copper and 0.37g/t gold (KRC019) (figure 2). Emmerson’s Managing Director, Mr Rob Bills commented: “The recent aeromagnetic survey and drilling is highly encouraging in terms of defining large scale (~4 km2 ) alteration and mineralisation at Kadungle. Also providing the impetus to exercise the option with Aurelia Metals and commit to the stage 1 earn-in. Given we have established the presence of a large mineralised system, exploration will now focus on a systematic program to pinpoint the higher grade zones for both gold and copper. This will include Induced Polarisation surveys to penetrate beneath the lithocap and better define the quartz-pyrite alteration and allow targeting for both deeper copper-gold and shallow, low sulphidation gold-silver mineralisation (see figure 3). | |
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