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Emu NL
Summary
| Project: | Vidalita | |
|---|---|---|
| Deposit: | Vidalita | |
| Location: | Chile | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 6/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-6-2018: Emu NL announces an Exploration/Drilling Update report for its Vidalita deposit at the Vidalita project. Drilling results incl. 26m @ 0.32g/t Au from 181m. Assays for the first diamond drill hole tail from the Vidalita Prospect, Chile have been | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Marcus Flis (Internal) | |
| ABSTRACT: | Assays for the first diamond drill hole tail from the Vidalita Prospect, Chile have been received. Hole 5700-1 was drilled to test a surface zone of spectacular argillic alteration with vuggy silica float exhibiting anomalous gold and silver geochemistry in soils. An RC pre-collar was drilled to 101.6 metres (assay results awaited) with a diamond tail of 163.9m added for a total hole depth of 265.5 metres. The diamond tail intercepted three mineralised zones of elevated gold, silver, copper, lead, antimony, mercury and zinc typical of High Sulphidation Epithermal (HSE) systems. Notable intercepts including (down hole length, true width not known) Importantly, the entire diamond drill segment of the hole has elevated gold, averaging 0.13g/t gold for 162m. The silver mineral is identified as pyragyrite, a reddish silver sulfosalt (Ag3SbS3) and an important source of precious metals. Assays from hole 5700-1 confirm the earlier geological conclusion, as announced on 7 May 2018, that a major mineralised epithermal system has been discovered. A histogram plot of assays is shown in Figure 2. These results clearly demonstrate that this system is capable of producing very thick sequences of precious metal mineralisation. The high grade nature of silver and, to a lesser extent, base metal intercepts indicate hole 5700-1 may have intercepted a portion of the HSE mineralised system that is characterised by stockwork veining or stringer zones. | |
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