- Early results from the first of the eight holes, 2000m drill program intersects extensive alteration and visible copper sulphides
- Drilling is still underway on the second drill hole with visible copper sulphide mineralisation increasing with depth
- The drilling is testing targets generated from the deep penetrating, Induced Polarisation geophysical survey combined with geological and alteration studies that point to a large underlying alkalic porphyry copper-gold system, with shallow epithermal gold veins over some 4km2
- A second drill rig will commence on a 5-hole program, some 2km north at the Trig prospect where gold in epithermal veins has recently been identified
Utilising this approach, Emmerson has picked up four large projects in what we believe are highly prospective areas for both shallow epithermal gold and deeper copper-gold. Exploration is underway across all four, with Kadungle being the most advanced.
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About Emmerson Resources Limited
Emmerson Resources Limited (ASX:ERM) (FRA:42E) recently commenced exploration on new gold-copper projects in NSW, identified (with our strategic alliance partner Kenex Limited) from the application of 2D and 3D predictive targeting models – aimed at increasing the probability of discovery. The highly prospective Macquarie Arc in NSW hosts >80Mozs gold and >13Mt copper with these resources heavily weighted to areas of outcrop or limited cover. Emmerson's five exploration projects contain many attributes of the known deposits within the Macquarie Arc but remain under explored due to historical impediments, including an overlying cover (plus farmlands) and a lack of exploration focus. Kadungle is a JV with Aurelia Metals covering 43km2 adjacent to Emmerson's Fifield project.
In addition, Emmerson is exploring the Tennant Creek Mineral Field (TCMF), one of Australia's highest-grade gold and copper fields producing over 5.5 Mozs of gold and 470,000 tonnes of copper from deposits including Warrego, White Devil, Orlando, Gecko, Chariot and Golden Forty. These high-grade deposits are highly valuable exploration targets, and to date discoveries include high-grade gold at Edna Beryl and Mauretania, plus copper-gold at Goanna and Monitor. These are the first discoveries in the TCMF for over a decade.
Emmerson Resources Limited