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Eastern Metals Encounters Shallow High-Grade Gold Zone at Kelpie Hill

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THE DRILL SERGEANT: Eastern Metals (ASX: EMS) reported shallow gold hits from a recent reconnaissance drilling program undertaken across newly identified high-priority targets at the company’s 100 per cent-owned Cobar project in New South Wales.

Eastern Metals carried out reconnaissance drilling at two new targets, Kelpie Hill and Windmill Dam, as well as at the more advanced Evergreen prospect.

The company has received assay results for three Reverse Circulation holes completed at Kelpie Hill.

KHRC001
7 metres at 4.3 grams per tonne gold, 2.7g/t silver, 0.3 per cent lead from 50m, including:
─ 1m at 8.56g/t gold from 51m
─ 1m at 4.17g/t gold, 2.7g/t silver from 82m
─ 5m at 3.45g/t silver, 0.35 per cent zinc from 103m, including 1m at 8.3g/t silver from 106m

KHRC002
26m at 0.4 per cent lead from 171m, including 6m at 0.3g/t gold, 2.4g/t silver, 0.3 per cent lead from 181m

KHRCDD003
0.5m at 1.66g/t gold from 279m ─ 3.05m at 3.9 per cent zinc, 2 per cent lead, 29.5g/t silver from 298.5m, including:
─ 0.5m at 1.5 per cent zinc from 298.5m
─ 0.5m at 7.2 per cent zinc, 2.4 per cent lead from 299m
─ 0.5m at 3.6 per cent zinc from 300.5m
─ 0.55m at 110g/t silver, 6.2 per cent lead, 0.1 per cent zinc from 301m.

Assays are pending for two holes completed at Windmill Dam and Evergreen.

“While the high-grade gold zone intersected in the first hole was somewhat of a surprise, given that this was primarily a base metals target, intersecting significant mineralisation is an exciting development for any exploration team,” Eastern Metals CEO Ley Kingdom said in the company’s ASX announcement.

“While we are still in the process of evaluating the results and working out the geological context and significance of what we have seen in the first three holes at Kelpie Hill, the key takeaway for investors is that this is a highly complex, mineralised system which offers enormous discovery potential, particularly when considering how little drilling has been done.

“With results pending from the remaining holes, and an IP survey starting shortly, it’s definitely a case of ‘watch this space!’”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Eastern Metals Claims High-Grade Zinc Zone Discovery at Browns Reef

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THE DRILL SERGEANT: Eastern Metals (ASX: EMS) will be looking for people to speak with at the RIU Sydney Resources Roundup to explain its interpretation of recent drill results at the company’s Browns Reef project in New South Wales.

Eastern Metals has declared the results to show the first stage of a high-grade zinc-dominated polymetallic zone discovery at Browns Reef.

The company said assays received from the initial diamond drilling campaign at Browns Reef encountered high-grade broad intersections of sulphide mineralisation in all four holes drilled.

High grade zinc assay results, include:

BRD016
6 metres at 3.2 per cent zinc, 1.3 per cent lead, 0.12 per cent copper, 8.6 grams per tonne silver and 0.3g/t gold from 453.5m;

BRD017
13m at 5.4 per cent zinc, 2.3 per cent lead, 0.14 per cent copper, 11.5g/t silver and 0.9g/t gold from 225m, including 2m at 14.6 per cent zinc, 5.1 per cent lead, 0.22 per cent copper, 22.5g/t silver and 0.5g/t gold from 225m;

BRD018
16m at 4.1 per cent zinc, 1.6 per cent lead, 0.33 per cent copper, 27.5g/t silver and 0.4g/t gold from 251m, including 6m at 7.3 per cent zinc, 2.3 per cent lead, 0.58 per cent copper, 47.7g/t silver and 0.9g/t gold from 251m;

“This initial drilling campaign has been an outstanding success with high-grade mineralisation encountered in all holes over significant mineralised intervals,” Eastern Metals managing director and CEO Wayne Rossiter said in the company’s ASX announcement.

“The Evergreen Zone lode has a current strike length of over 100 metres and vertical depth of at least 300 metres and remains open along strike and at depth.

“Our next steps will be to drill further along strike and this program has received regulatory approval.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@easternmetals.com.au

 

Web: www.easternmetals.com.au

 

Wayne Rossiter Eastern Metals (ASX: EMS) November 2021

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Eastern Metals’ (ASX: EMS) managing director and CEO Wayne Rossiter zoomed into The Resources Roadhouse to tell Wally Graham how the recently-ASX-listed company intends to attack its portfolio of projects stretching from the Northern Territory through the Cobar region of New South Wales.