Emmerson Resources Provides Exploration Update

Emmerson Resources Limited (“Emmerson” ASX: ERM) is pleased to announce that the near mine and regional exploration programs completed at Edna Beryl within its 2,800km2 Tennant Creek project has discovered additional ironstones, some highly anomalous in both copper and gold.

The deep diamond drill program at Edna Beryl has confirmed that ironstones and mineralisation persist at depth, with the best intersections in EBWDD073 of 0.65m at 6.53g/t gold from 305m and EBWDD076 of 5m at 0.45g/t gold, including 1m at 1.40g/t gold and highly elevated bismuth of 0.12% – typically a pathfinder to high grade gold. The depth extent remains open and requires deeper testing, while further drilling is required to define the volume and grade of mineralisation associated with these new intercepts.

Drill hole EBWRC083 some 200m to the west of the Edna Beryl mine intersected a thick shear zone containing chlorite-hematite ironstone and quartz veining, assaying 7m at 1.33g/t gold from 171m including 2m at 4.31g/t gold and 1m at 6.60g/t gold. Encouragingly, this is supported in adjacent gold anomalous drill holes EBWRC080 and 079 – indicating good potential for extensions to the known mineralisation.

Drilling in the district has confirmed potential for new mineralisation immediately to the north of the Edna Beryl mine particularly in the vicinity of drill holes EBWCRC061 which intersected 12m at 0.59% copper with 0.07g/t gold from 90m and; EBWRC062 which returned 15m at 0.25% copper and 0.03g/t gold from 210m down the hole. This intersection included some higher grades of 1m at 2.80% copper and anomalous gold. Of interest is another anomalous zone some 200m to the west in EBWRC068 of 2m at 0.95% copper and 0.05g/t gold. Pleasingly this drilling when combined with the detailed gravity survey completed earlier in the field season, indicates a close correlation with the mineralisation and the most intense gravity anomalies. Providing a tool to screen and detect “Edna Beryl” style hematite hosted mineralisation under cover.

Planning is underway for the development of an underground exploration drive from the current Edna Beryl mine across to the recently discovered Edna Beryl West mineralisation. This will enable more effective and cheaper drilling of the greater Edna Beryl mineralisation from underground, consistent with resource delineation at many of the historic deposits within the Tennant Creek Mineral Field.


Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s