Emmerson strikes high-grade Goanna copper

THE DRILL SERGEANT: Drilling carried out by Emmerson Resources towards the end of last year at its 100 per cent-owned Goanna project at Tennant Creek has returned further high-grade copper results.

According to Emmerson the drill hole intersected a continuous, thick zone of high-grade copper and localised gold.

 

Goanna cross section and recent intersections. Source: Company announcement

 

The company said the result has encouraged it to consider the emerging Goanna and Monitor discoveries combined with the updated resource calculation from the nearby Gecko Mine, continue to form the basis for it to grow a high-grade resource base for recommencement of production from the 100 per cent-owned owned Emmerson mill.

High-grade copper from the drilling at the Goanna project intersected:

–    36 metres at 3.38 per cent copper from 336 metres; including

–    18m at 5.74 per cent or 9m at 8.12 per cent copper from 339m; and

–    3m at 11.5 per cent copper from 342m.

“These latest assays from drilling last year continue to demonstrate the potential size, high grade nature and extent of this discovery Emmerson resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.

“The latest hole is a significant step out from the previous holes and gives us every reason to believe that the mineralisation will continue to grow.

“The mineralisation at both discoveries remains open in all directions and will be the subject of an aggressive drilling campaign starting in February, much earlier than in previous years.

“In addition to continued copper discoveries, the first phase of this early drilling campaign will focus on testing for further bonanza gold beneath the copper mineralisation.

“We have now demonstrated high grade gold beneath the copper at both Monitor and Goanna, and given that bismuth is a pathfinder element to the gold and that this latest copper intersection contained continuous elevated bismuth grades, we remain optimistic of further gold discoveries in the vicinity.”

Emmerson claimed this new “shear zone” style of mineralisation it is finding at both Goanna and Monitor to be much different to the ore bodies previously mined in Tennant Creek.

The company said this is providing strong encouragement for the discovery of a whole new generation of deposits within its Tennant Creek project.