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Emmerson Resources Ltd.
Summary
| Project: | Tennant Creek | |
|---|---|---|
| Deposit: | Kadungle, Tennant Creek | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Bismuth-Copper-Iron-Lead-Zinc-Molybdenum-Antimony | |
| Date: | 2/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-2-2018: Emmerson Resources Ltd. announces an Exploration/Drilling Update report for its Kadungle, Tennant Creek deposit at the Tennant Creek project. JV - drill results incl. 6m @ 4% Cu from 137m. Emmerson Resources Limited (“Emmerson” ASX: ERM) is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steve Russell (Internal) | |
| ABSTRACT: | Emmerson Resources Limited (“Emmerson” ASX: ERM) is pleased to announce results of recent drilling from two of its five projects. The results from Kadungle are strategically important as they represent the emergence of new gold-copper projects in NSW, where Emmerson has a commanding ground position (figure 2). These projects complement our Tennant Creek exploration and recently announced production from the high-grade, Edna Beryl Gold Mine. A recently completed drilling campaign at the Kadungle project in NSW has identified potential for both deeper copper-gold (ASX 13 December 2017) and now, shallow epithermal gold at the Trig prospect (figure 3). Whilst assays are still pending, construction of the drill access track at Trig revealed extensive boulders of epithermal quartz. Excitingly, the last drill hole at Trig (drill hole TRC004) intersected multiple epithermal veins which correspond with boulders at surface that contain extensive quartz-hematite veins. Previous rock chip sampling at Trig returned highly anomalous gold geochemistry with up to 1.27 g/t gold (figure 4). Drilling at the Mt Leadley prospect has intersected further copper and gold. Drill hole KDD017 intersected both shallow gold (3m at 0.67g/t) in quartz-hematite chlorite stock-work veins and zones of deeper copper mineralisation (10m at 0.35g/t copper incl. 1m at 1.63% copper) (figure 5). This zone of elevated copper is associated with sheeted chalcopyrite-pyrite veins within pervasive chlorite-sericite-pyrite altered host rocks (figure 1). The other two drill holes at Mt Leadley intersected strong alteration and anomalous gold (up to 0.25g/t) which combined with the recent geophysics, suggests that the main, higher grade portion of the system is yet to be tested (figure 5). | |
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