Emmerson gives Goanna and Monitor the drill

THE DRILL SERGEANT: Emmerson Resources has extended the depth and strike of both the Goanna and Monitor discoveries at its 100 per cent-owned Tennant Creek project.

Two new drill holes recently completed by the company have struck high-grade copper mineralisation.

“The drilling continues to build on two very exciting discoveries that get better with each new hole,” Emmerson Resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.

“At Monitor we have extended the continuity of high-grade copper some 200 metres to the east, and demonstrated great potential for high-grade gold beneath; whilst at Goanna we have defined multiple zones of high-grade copper, also with deeper high-grade gold.

“Goanna and Monitor are 2.5 kilometres apart and lie either side of the historic Gecko copper mine and associated infrastructure.

“This raises the intriguing possibility of discovering further gold beneath the known Gecko copper mineralisation.”

The latest drill hole at Monitor was designed to test along strike from a high-grade copper zone of 27m at 1.75 per cent copper, including 6m at 2.67 per cent copper and 6m at 3.53 per cent copper previously intersected by the company.

The hole did not pierce another previously announced, deeper gold-copper zone, however the company said the multiple copper intersections achieved contained elevated bismuth, which it said suggested proximity to gold mineralisation.

Emmerson said the mineralisation is consistent with other recently announced intersections and has provided it with increased confidence of the continuity and grade at Monitor.

Drilling at the Goanna project returned the second drill hole the company has reported with visible copper.

Emmerson claims it extends the Far South Shear by a further 170m as well as confirming potential for shallow oxide copper.

“This new “shear zone” style of mineralisation found at Goanna and Monitor was largely blind to previous exploration methods and demonstrates the potential for a new generation of deposits,” Bills said.

“The discoveries at Goanna and Monitor follow a systematic, multi-faceted exploration program that utilised the world’s most powerful HeliTEM geophysical survey, compilation of the 3D geology and structure, combined with ground based deep penetrating Induced Polarisation geophysics.”