Emmerson Resources ready to launch multiple drill programs

Proactive Investors Wednesday, 14 August 2019
Emmerson Resources Ltd (ASX:ERM) plans to commence drill programs at its Mauretania Project in the Northern Territory and Whatling Hill Project in New South Wales. At Mauretania, a 1,000-metre program of reverse circulation (RC) and diamond drilling aims to test the extent of the gold mineralisation that has been encountered in previous drilling. A 1,500-metre RC and diamond program is planned at targets across Whatling Hill including testing the higher-grade core of the Whatling Hill porphyry copper-gold system. The company is both a gold producer and gold and base metals explorer and holds 2,600 square kilometres of ground near Tenant Creek, NT and 2,400 square kilometres near Fifield, NSW. Mauretania could be another gold mining opportunity Emmerson’s managing director Rob Bills said: “Great progress continues across Emmerson’s portfolio of gold and copper-gold projects. “At Tennant Creek, the gold royalty model is gaining momentum with the refurbishment of the Warrego Mill by partner, Territory Resources, expected to be completed by the end of 2019. “On the exploration front, Mauretania continues to show great promise for both open pit and underground development, where recent drilling has delineated shallow, exceptionally high-grade gold in the oxide zone plus deeper high-grade gold in the primary zone. Whatling Hill’s core expected to host higher grade mineralisation “At NSW, the recent geophysical survey and trace element geochemistry from alteration minerals at Whatling Hill continues to support a further round of drilling, aimed at testing the core of the mineralisation where higher copper and gold grades are anticipated. Kiola could also host a copper-gold porphyry system At the Kiola Project, also in New South Wales, an induced polarisation (IP) survey is planned to assist with generating future drill targets. Rock chip samples in 2018 produced grades of up to 19.6% copper and 0.36 g/t gold at Kiola, so the company believes there could be a porphyry system within the project. Bills added: “Similarly, for the Kiola project, where recent geochemistry at the Right-Hand Creek and Nasdaq areas has significantly upgraded the potential of an underlying porphyry copper-gold system – also supported by the highly elevated gold and copper rock chip samples. “The next phase at this project will include an induced polarisation geophysical survey, which will likely be followed by drill testing. “Our systematic, science-based approach to exploration is providing a very high-quality portfolio of projects across the early-stage, copper-gold in NSW and more advanced, low risker risk late-stage projects in Tennant Creek.”

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