THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) included its joint venture partner, Evolution Mining (ASX: EVN) in announcing the receipt of assay results from the pre-collar of a deep diamond drill hole (GODD032) recently completed on the Goanna prospect at the JV’s Tennant Creek project in the Northern Territory.
The drilling was co-funded as part of the Territory’s – Creating Opportunities for Resources Exploration (CORE) initiative.
Drill hole GODD032 intersected multiple zones of high-grade copper including:
7 metres at 5.98 per cent copper from 123m, including 3m at 10.4 per cent copper;
3m at 4.75 per cent copper from 162m, including 1m at 10.6 per cent copper; and
1m at 2.37 per cent copper from 221m.
Assay results from deeper intersections in drill hole GODD032 expected shortly.
Emmerson considers the latest mineralisation to be encountered to be analogous to recently discovered Goanna mineralisation some 800m to the east.
“This drill hole was designed to test a new structural and geological interpretation based on the application of a 2D seismic reflection survey – the first application of seismic in the Tennant Creek Mineral Field and consistent with Emmerson’s strategy of discovering a new generation of deposits through applying new geological concepts and innovative technology.” Emmerson Resources said in its ASX announcement.
Goanna was discovered by Emmerson in 2011 and together with Gecko already hosts an Inferred Resource of 4.4 million tonnes at 2.1 per cent copper and 0.11 grams per tonne gold.
“Significantly this mineralisation is shallow and like Goanna, has remained undetected by previous explorers – thus opens up the possibility for further similar mineralisation,” Emmerson said.
“Particularly as the Gecko-Goanna-Monitor mineral system is the largest in the Tennant Creek Mineral Field, stretching over 2.7 kilometres in strike extent.”