Emmerson hits more copper at Tennant Creek

/in /by

THE DRILL SERGEANT: New drilling being conducted by Emmerson Resources on the Goanna copper/gold discovery at the company’s Tennant Creek project has hit more, high-grade copper.

Drilling within the Southern shear zone at the Goanna project has produced intersections including:

24.1 metres at 4.12 per cent copper and 0.19 grams per tonne gold, from 357.9 metres, including 1.25 metres at 12.5 per cent copper, 0.18 grams per tonne gold and 29.8 per cent iron, from 368.25 metres.

And a further lower zone of:

5.6m at 2.27 per cent copper, from 417.4m; and

0.75m at 0.97 per cent bismuth, from 436.25m.

 

Plan view of the drill holes and recent mineralization at Goanna on a
background of the HeliTEM geophysics. Source: Company announcement

Emmerson said the high bismuth grade and a change in drill rig orientation has taken the project towards locating an expected high-grade gold zone in addition to the high-grade copper zone closer to the surface.

“Information drawn from this year’s program of extending the existing Reverse Circulation (RC) drill holes with diamond tails has provided a new understanding of the geometry of this ore body,” Emmerson Resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.

“The high grades found in hole GODD0015 represent, what we now believe, is a true-width intersection of the ore body (i.e. the drill hole has intersected the mineralisation perpendicular to the interpreted plunge).

“This is a vital step in gaining a proper understanding of the ore body.

“This hole has revealed that, not only is this mineralisation open up and down plunge, but, given the previous intersections in the other three shear zones nearby, is likely to be repeated.

“Importantly, for the future discovery of high grade gold ore at Goanna, bismuth veins were intersected in the lower most zone (the footwall of the copper mineralisation) of drill hole GODD0015.

“The presence of bismuth in ore zones at Tennant Creek is typically a good pathfinder for gold and suggests great potential for bonanza gold in the vicinity.”

Emmerson considers the latest drilling continues to provide strong encouragement that the emerging Goanna and Monitor discoveries, combined with the updated resource calculation from the nearby Gecko mine, form the basis for a future, high grade resource base, for resumption of mining and subsequent copper and gold production from its 100 per cent-owned Emmerson mill.