Quarterly Activities Report
Perth, April 28, 2017 AEST (ABN Newswire) - Emmerson Resources Limited (
ASX:ERM) (EMMRF:OTCMKTS) is pleased to provide the Company's Quarterly Activities Report for the period ending 31 March, 2017.
Highlights
- Final results from 2016 Edna Beryl drilling returned:
o 6.4m at 2.75g/t gold and 0.54g/t silver from 292.9m (EBWDD054) including;
-- 1.3m at 11.4g/t gold, 1.4g/t silver and 0.19% bismuth from 298m.
o 2m at 2.11% copper, 8.3g/t silver, 2.06% bismuth and 0.33g/t gold from 197m (EBWDD054).
- Drilling confirms continuation of the Edna Beryl high-grade gold zone at depth.
- First ore with visible gold intersected in the development drives of Edna Beryl.
- High-resolution ground gravity and passive seismic surveys underway at the Edna Beryl gold project in Tennant Creek (NT).
- Completion of pre development drilling at Black Snake (the next small mine).
- Evolution Mining has formally notified ERM of its intention to complete its earn-in obligations under the Tennant Creek Mineral Field JV and extend the JV to capture Emmerson's newly acquired Rover project.
- All Tennant Creek exploration remains fully funded under A$15M earn-in agreement with Evolution Mining.
- Flying of high-resolution aeromagnetic data over the Fifield project in NSW completed and integration with historical data to define drill targets in progress.
- Field work at the Kadungle project in NSW (option with Aurelia Metals) has verified the potential for both epithermal gold and porphyry copper - gold mineralisation. Some of the historical intercepts include:
o 12m at 7.73g/t gold and 0.12% copper (drill hole KDD002)
o 3m at 7.14 g/t gold and 0.34% copper (drill hole KRC019)
o 37m at 0.23% copper incl. 6m at 1.1% copper (KDD013)
o 154m at 0.12% copper and 0.37g/t gold (KRC019)
- Drilling to commence at Kadungle in May.
- Cash of $4.4million at quarter end.
To view the full report, please visit:
http://abnnewswire.net/lnk/ZG68E3M9
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.
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