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Emu NL
Summary
| Project: | Elevado | |
|---|---|---|
| Deposit: | Vidalita | |
| Location: | Chile | |
| Commodities: | Gold-Silver | |
| Date: | 7/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-7-2019: Emu NL announces an Exploration/Drilling Update report for its Vidalita deposit at the Elevado project. Drilling results incl. 48m @ 2.84g/t Au, 19.20g/t Ag from 16m. EMU NL (ASX: EMU and EMUCA) has finalised its Summer 2019 drilling and explor | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Francisco Montes (Internal) | |
| ABSTRACT: | EMU NL (ASX: EMU and EMUCA) has finalised its Summer 2019 drilling and exploration campaign at its Elevado project in the Maricunga Belt, Chile and is: (i) reviewing the drilling results, including the assay results, to develop a fuller understanding of the distribution of and controls to mineralisation; and (ii) designing work plans for the coming Spring 2019 – Summer 2020 campaign. The recently renamed Elevado project is comprised of the Vidalita, Vidalota, Arroyo Ancho and Jotahues concession areas which contain a number of prospects including the Vidalita, Alunita, Northeast Plains, North Plains, Peon, Jotahues and Arroyo Ancho. (Figure 2) The multi-element assays confirmed the presence and continuation of a High Sulphidation Epithermal (HSE) gold-silver mineralisation system over the Vidalita prospect. The style of mineralisation intersected bears all the hallmarks of the Salares Norte (Goldfields) and Alturas (Barrick) occurrences located to the north and south respectively along extensions of the Maricunga - El Indio Belt. Mineralisation at Vidalita, hosted in a sequence of volcaniclastics and intrusive stocks, demonstrates local breccia development plus quartz-alunite (advanced argillic) alteration consistent with HSE mineralisation models. Geochemical results highlight the importance of locating the structural controls and feeder systems to the near-surface mineralisation. Ongoing work will zero-in on these deep targets within the Vidalita prospect. EMU’s geologists are evaluating the latest assay results in conjunction with the overall geological, geochemical and geophysical project database and will be working with a team of renowned experts to verify the controls on this system. This work is expected to generate new targets and refine existing drill targets. | |
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