THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) has commenced a diamond drilling program at the company’s Kiola gold project in New South Wales.
Emmerson Resources intends to drill a minimum 2,000 metres of diamond drilling to test targets within the 15 square kilometres Kiola Geochemical Zone (KGZ) – an area the company considers highly anomalous gold-copper and historic workings.
No previous deep drilling has been carried out in the area previously, despite strong indications of gold-copper mineralisation from surface.
Kiola is in a good neighbourhood, sitting within the Molong Belt, which hosts the recent Boda copper-gold discovery of Alkane Resources and Newcrest’s Cadia-Ridgeway deposits.
Emmerson ranks the Kiola project highly amongst the company’s expansive portfolio of early stage gold-copper projects.
Recent work has confirmed that the KGZ contains attributes associated with world class porphyry gold-copper mineralisation and is divided into a northern area centred on the Nasdaq skarn, and a southern area around the South Pole, Kiola and Right Hand Creek mine.
Activities have involved around 15-line kilometres of Induced Polarisation (IP) geophysics collected in late 2019 that reinforced the depth potential of the target areas, particularly when combined with the geochemistry, age dates, intrusion fertility plots and geology and taking into account the limited exposure of the Ordovician stratigraphy due to soil cover.
The current diamond drill program is to consist five holes and is expected to be completed in late June 2020 with assay results in August 2020.
The program will in part be co-funded by the $100,000 New Frontiers Cooperative Drilling grant from the NSW Government.
“We are pleased to commence drilling at Kiola after implementing a number of measures to mitigate COVID19 health risks in accordance with state and national protocols,” Emmerson Resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.
“We remain committed to protecting our employees, contractors and surrounding communities and look forward to drill-testing a variety of gold and copper targets across the project area.
“Stage 1 drilling at Kiola will test priority targets within the Kiola Geochemical Zone, a approximate 15 square kilometres area of elevated gold and copper geochemistry, historic copper workings, and skarns that contain gold, copper and zinc.
“There has been no deeper drilling within the zone to test for the source of the gold and copper mineralisation.”