Emmerson Resources Intersects Visual Gold and Copper at Hermitage
THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) reported hitting visual gold and copper whilst drilling at the company’s Hermitage project in Tennant Creek.
Emmerson Resources declared the latest drillhole completed at Hermitage (HERCDD010) to have intersected:
o Extensive malachite in voids and vugs within hematite ironstone (from 74m down hole);
o Native copper both in the ironstone and as vug fill;
o Visible gold in massive hematite-magnetite-quartz that is terminated by a 10m wide fault/shear zone (at 171m);
o Chalcopyrite as veins, fractures, and cement in quartz-dolomite-hematite hydrothermal breccia (below the fault) and as blebs (to 190m) before finally intersecting; and
o Chalcopyrite and bornite in stockwork quartz veins, fractures and stringers that gradually grade to minor blebs/specks of chalcopyrite (at 222m down the hole).
Emmerson explained HERCDD010 was drilled as an angled scissor hole in the opposite direction to previous drilling to test below the fault encountered by discovery drill hole HERC003 (116m at 3.4% copper and 0.88g/t gold) and confirms that copper mineralisation continues at depth.
“Hermitage is shaping up as one of our most exciting projects and continues to exhibit hallmarks of a significant gold-copper discovery,” Emmerson Resources managing director Rob Bills said in the company’s ASX announcement.
“New zones of mineralisation continue to be intersected with this latest drill hole intersecting visible gold, plus a new zone copper mineralisation below the fault that truncated the previous high-grade gold and copper in discovery drill hole HERCDD003.
“This new zone of copper mineralisation consists of bornite-chalcopyrite hosted by breccias and stockwork quartz veins – interpreted to be the feeder conduit to the overlying hematite-magnetite ironstones.
“The mineralisation is hosted in multiple, east-west striking structurally controlled, ironstone bodies that are steeply north plunging, and now with this intersection, are also open down plunge.
“Whilst the tabular to pipelike geometry of the mineralisation constrains the surface (horizontal) footprint as is typical in most of the Tennant Creek iron-oxide copper-gold deposits, the grade and plunge extent are the main determinants of the future potential.
“Furthermore, there are now three distinct targets at Hermitage that include: shallow copper in the oxide zone; gold associated with massive hematite and, primary copper mineralisation below the fault hosted in breccias, stockwork veins and fractures.
“This has important exploration implications both at Hermitage in terms of further potential but also in the region where the stockwork and fracture-controlled chalcopyrite-bornite mineralisation represents a new target.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: corporate@emmersonresources.com.au
Web: www.emmersonresources.com.au