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Emu NL
Summary
| Project: | Vidalita | |
|---|---|---|
| Deposit: | Vidalita | |
| Location: | Chile | |
| Commodities: | Gold-Silver | |
| Date: | 3/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-3-2019: Emu NL announces an Exploration/Drilling Update report for its Vidalita deposit at the Vidalita project. Drilling results incl. 42m @ 2.8g/t Au, 19g/t Ag from 16m. Emu NL (ASX:EMU) is pleased to report assay results from the fast moving air core | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Leo Horn (Internal) | |
| ABSTRACT: | Emu NL (ASX:EMU) is pleased to report assay results from the fast moving air core (AC) drilling campaign at the Vidalita Prospect, Maricunga Belt, Chile. To date, twenty five shallow AC holes have been completed (Table 1, JORC Table in Appendix 1). The second batch of assays have been received from a further four holes that are reported in this announcement. Drilling by Emu in 2018 intersected high sulphidation epithermal style alteration and associated gold and silver mineralisation at Vidalita of three types. (See ASX announcement dated 21st February 2019). The primary target for the 2019 AC drilling is high grade gold-silver mineralisation close to surface. Outstanding Vidalita Assay Results and Comparisons to the Salares Norte Deposit Standout assay results were received from hole 5300-8 which intersected two broad zones of vuggy silica and breccia (Figure 1). An upper zone of primarily oxidised vuggy silica and breccia returned assay results of: 48 m at 2.8 g/t gold and 19 g/t silver from 19 metres; including 24 m at 5.0 g/t gold and 28 g/t silver from 20 metres downhole. The true width of the mineralised intercept is yet to be determined. These outstanding assay results represent the highest gold grade intersected at Vidalita. The intersection is very similar in grade to many drill intersections at the high grade goldsilver Salares Norte Deposit discovered by Goldfields located 150 km to the north with a current indicated SAMREC-compliant resource of 3.5 million ounces of gold at a grade of 5.2 g/t gold (Figure 3). The high sulphidation epithermal style mineralisation at Salares Norte is primarily oxidised and sulphide-bearing polymictic breccias with vuggy silica clasts which are often associated with bonanza gold and silver grades (Photo 2). Mineralised vuggy silica and silica-pyrite breccias recently intersected at Vidalita (Photo 1) display striking similarities in texture and style to those at Salares Norte. These geological similarities identified at Vidalita demonstrate excellent potential for the discovery of a high grade gold-silver deposit similar to Salares Norte. | |
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