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Emmerson Resources Ltd.
Summary
| Project: | Tennant Creek | |
|---|---|---|
| Deposit: | Mauretania | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Bismuth-Copper-Cobalt-Iron-Lead-Zinc-Antimony-Selenium | |
| Date: | 7/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-7-2019: Emmerson Resources Ltd. announces an Exploration/Drilling Update report for its Mauretania deposit at the Tennant Creek project. Drilling results incl. 20m @ 38.5g/t Au, 18.1g/t Ag, 0.46% Bi, 0.11% Cu, 111ppm Co, 18.2% Fe, 0.20% Pb, 222ppm Zn, 1 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steve Russell (Internal) | |
| ABSTRACT: | Emmerson is currently conducting exploration activities in both the Northern Project Area (NPA) and Southern Project Area (SPA) of its Tennant Creek project. Emmerson owns 100% of the NPA (approximately 75% of the total project area), and strategic alliance partner Territory Resources is earning a 75% interest in the SPA by funding $5M of exploration expenditure within five years. Emmerson remains exploration manager of both the SPA and NPA. Mauretania is located within the NPA and is 100% owned by Emmerson. Three holes for 476m of diamond drilling were completed in May 2019 and all assay results have now been received (Figures 1 & 2). The results provide further encouragement and better definition of the gold grades within the shallow, oxide zone. Drilling conditions impeded the program which resulted in the early termination of two of the three holes, including the planned deeper portion of the first hole, MTDD003. Diamond drilling did successfully advance the previous program of RC drilling (ASX; 19/02/19). Final results from diamond drill hole MTDD003 have extended this previously announced wide, high-grade gold intersection (ASX: 11/06/2019) by a further 5 metres where it ended in mineralisation before encountering difficult ground conditions. Nonetheless, the hole provided an almost complete grade and geological profile through the oxide zone and confirmed that exceptionally high-grade gold mineralisation is associated with brecciated, hematite-talc-chlorite ironstone. This intersection of 20m at 38.5g/t gold from 92m surpasses the next closest RC drill hole of 11m at 54g/t gold incl. 6m at 98.5g/t gold (ASX: 19/02/2019), (Figures 2 & 3). The hole also intersected shallower zones of mineralisation of 1m at 10.8g/t gold from 75m and 4m at 1.72g/t gold from 80m, providing further evidence that this zone of oxide mineralisation has excellent potential to be extracted from an open pit. | |
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