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Emmerson Resources announces exploration update in NSW

Mining News - Published on Fri, 12 Oct 2018

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Emmerson Resources Limited announced NSW Exploration Update.

- Large scale pervasive alteration encountered from an enlarged auger drill program at the Whatling Hill project with geochemical results pending
- Correlation with previous encouraging rockchip samples have potential to greatly expand the copper and gold footprint of the underlying mineralisation
- Rock chip values of up to 2% copper and 0.25g/t gold in quartz stockwork veins within altered monzonite intrusives
- Recent age dating and "green rock" studies of alteration suggest similarities to other metal fertile Ordovician intrusive centres (e.g. Newcrest's world class Cadia-Ridgeway copper-gold deposit that contains resources of 8.7Mt Cu & 42Moz gold)
- New tenement granted to consolidate existing ground position at Fifield and Kadungle
- Ground based geophysical surveys planned for November to assist in defining drill targets

Mr Rob Bills, Emmerson's Managing Director; commented "An expanded soil geochemical survey over our recently discovered Whatling Hill copper-gold project continues to exhibit the hallmarks of an early stage discovery. Alteration and quartz veining from this expanded auger drill program suggests extensions of the original mineralisation to the south. Assay results are pending and, if positive, will provide a focus for future geophysical and drilling programs. Emmerson has expanded its ground position in the region which demonstrates our confidence in the prospcetivity and potential. These copper-gold porphyry deposits typically cluster and we are in a very fertile metallogenic province, bounded by the Macquarie Arc and Lachlan Transfer Zone."

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Posted By : Rabi Wangkhem on Fri, 12 Oct 2018
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