EMU Kicks Off Fully-Funded Exploration Program

THE DRILL SERGEANT: EMU (ASX: EMU) commenced its 2019/2020 on-ground prospecting campaign at the company’s Elevado project in Maricunga, Chile in October.

EMU declared its intentions to continue to explore for gold and silver building on discoveries it has already claimed at the project.

The company indicated the prospecting program will cover previously identified prospects as well as other areas within the wider regional area of the Elevado project and are to include rock chip and soil sampling activities directed at developing drilling targets.

A program of diamond drilling is scheduled to commence at Elevado anon, which has been planned to include approximately 1800 metres of diamond drilling comprising four holes to test depth extensions of near-surface mineralisation, particularly around and below the recent ‘Discovery hole’ in Vidalita, and IP geophysical targets at NEPlains prospect.

EMU aims to complete the diamond drilling before Christmas and follow it, commencing January 2020, with approximately 6000m of aircore drilling at Vidalita and regional targets.

“EMU awarded preferred contractor status and is preparing the drilling contract with Synergy Drilling, a locally based, diamond drilling specialist, following a rigorous selection process,” the company said in its ASX announcement.

“Significantly, drilling activities at Elevado will be overseen and managed by an Australian drilling services contractor appointed by EMU for the duration of drilling.

“The contractor, who comes with excellent global experience and credentials has been endorsed by the Australian exploration drilling community.

“A key mandate for the appointment will be to guide the conversion of a suitable drill rig for the aircore phase of drilling.”

From September, EMU raised $5,265,313 that the company believes will ensure its 2019/20 program is fully funded.


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