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Emmerson Resources Commences Drilling at Kiola Gold-Copper Project

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.”

 

Email: admin@emmersonresources.com.au

 

Web: www.emmersonresources.com.au

 

Emmerson Resources Awarded NSW Government Drilling Grants

THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) has been awarded drilling co-funding grants from the New South Wales government for the company’s Kiola and Kadungle projects.

The Kiola project is situated within the Molong Belt, providing favourable nearology to Alkane Resources’ recent Boda copper-gold discovery and Newcrest’s world class Cadia-Ridgeway copper-gold deposit.

The Kadungle project sits within the Narromine Belt where previous drilling has intersected high-grade gold and copper.

The New Frontiers Cooperative Drilling grants program by the NSW government encourages private exploration drilling in the search of high-value mineral deposits in prospective underexplored areas of NSW and where companies are using the latest technology to identify new deposits.

The $2 million program is a co-funded initiative where the NSW government provides up to 50 per cent of direct drilling costs for individual projects, capped at $200,000.

“Emmerson is well placed to emerge in a very strong position once this COVID-19 crisis allows field activities to recommence,” Emmerson Resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.

“We have exceptional ground positions in one of the Australia’s highest-grade gold provinces at Tennant Creek plus a suite of early mover assets in some of the hottest exploration districts in New South Wales.

“The announcement by the New South Wales government that Emmerson has secured two Cooperative Drilling Grants has not only reduced our exploration costs across both our Kiola and Kadungle projects but is also testament to the potential of these projects to generate new copper-gold discoveries.

“Additionally, we have prudently implemented cost saving measures across our business to help weather the challenging economic conditions we currently face.”

 

Email: admin@emmersonresources.com.au

Web: www.emmersonresources.com.au

 

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.

 

Email: admin@emmersonresources.com.au

Web: www.emmersonresources.com.au

 

Emmerson Resources Continues Result Run from Tennant Creek

THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) declared the initial results from the first three diamond holes completed at the company’s 100 per cent-owned Mauretania project at Tennant Creek as, “exceptional”.

Emmerson Resources carried completed Drill hole MTDD003 that intersected 15 metres at 45.2 grams per tonne gold from 92m, including 4m at 158g/t gold.

The hole was ultimately abandoned in mineralisation due to ground conditions.

The company indicated it had identified visible gold in the lower section of a second hole, MTDD004, and visible supergene copper minerals malachite and azurite identified in the bottom section of the final hole, MTDD005.

Assay results from MTDD004 and MTDD005 plus the remaining lower section of MTDD003 expected later this month.

“This early assay result from our first diamond drill hole at Mauretania demonstrates the exceptionally high-grade nature of the mineralisation at shallow depths and given its association with hematite, provides exciting potential for discovering further similar mineralisation across the Tennant Creek Mineral Field,” Emmerson Resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.

“On a comparative basis, this early result from our 100 per cent-owned Mauretania project suggests the previous program of RC drilling underrepresented the gold grades.

“Furthermore, the indicative grades at Mauretania exceed those seen during similar stage drilling at our recently commissioned Edna Beryl gold mine, which has a mined head grade of approximately 30 grams per tonne gold.

“The diamond drilling at Mauretania is part of a two-stage exploration program with the next stage consisting of deployment of a Sub-Audio Magnetics geophysical survey to map out the strike extent of the mineralisation.

“We thank the Northern Territory Government for awarding collaboration funding to trialling this new technology and look forward to seeing the results.”

Emmerson indicated the trial SAM survey at Mauretania will commence in mid-June 2019, aimed at mapping the extent of the sheared ironstone that hosts the high-grade gold mineralisation.

SAM technology has been developed for simultaneously mapping of electrical and magnetic responses and is a high definition, ground-based technique that has applications to shear hosted gold and copper.

In addition to the Mauretania testing, Emmerson will also apply SAM to the Black Snake – Three Thirty area within the company’s Southern project area.

The results of the SAM survey and the remaining assays from the May 2019 drilling program will be used by Emmerson to plan the next phase of drilling at Mauretania.

 

Email: www.emmersonresources.com.au