Emmerson Resources to Drill Kiola Copper-gold Targets

THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) is in readiness for an exhaustive diamond drilling program at the company’s Kiola project in New South Wales.

Emmerson Resources signalled it is preparing to commence drilling in April to test targets within the 15 square kilometres Kiola Geochemical Zone – an area it considers to host highly anomalous gold-copper and historic workings.

Emmerson commenced the targeting work in 2017 with its strategic alliance partner, which was then known as Kenex Limited but know called Duke Exploration.

Together the two entities deployed data analytics across the Macquarie Arc with the aim of improving success rates of discovery.

Fundamentally, the approach aimed to better understand the critical controls to porphyry gold-copper formation in the Macquarie Arc and provide a ranked portfolio of potential opportunities.

Emmerson has undertaken systematic exploration across its NSW projects utilising traditional exploration methods and new research from the University of Tasmania Arc Linkage project.

“Systematic exploration at Kiola has defined a number of very exciting drill targets that are based on both traditional exploration methods of geology, geophysics and geochemistry plus the application of new, cutting edge techniques developed by the University of Tasmania’s ARC Linkage Project,” Emmerson Resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.

“Kiola was pegged by Emmerson in 2018 from the application of big data analytics – aimed at utilising multiple levels of independent data to pinpoint the next big discovery in the highly prospective Macquarie Arc of New South Wales.

“Stage 1 drilling at Kiola is within the Kiola Geochemical Zone (KGZ) which consists of approximately 15 square kilometres of very elevated gold and copper geochemistry, old historic copper mines, skarns that contain gold, copper and zinc.

“The target area lacks deep drilling to test for the causative source of the gold and copper.”

Emmerson ranks the Kiola project, in particular the Kiola Geochemical Zone, high in its project portfolio where recent work confirmed the KGZ contains many of the attributes of 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.

Induced Polarisation (IP) geophysics collected in late 2019 reinforced the depth potential of the target areas.

Depending on the visual results from stage 1 drilling, Emmerson indicated these planned drill holes could be extended to provide additional information at depth.

The company signalled its next exploration campaign in NSW is already in the advanced planning stage and will include additional drilling at Kadungle and geophysics at Wellington.

 

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Web: www.emmersonresources.com.au