Emmerson Resources Limited (ASX:ERM) has identified visible copper sulphides during its ongoing diamond drilling program at Kadungle Project in New South Wales.
The second diamond hole is currently in the process of being drilled, which is part of the eight hole, 2,000-metre program.
Drilling is targeting shallow epithermal gold and deeper copper-gold porphyry mineralisation.
Confirms existence of large mineralised copper-gold system
Rob Bills, managing director, said: “These early results at Mt Leadley, although preliminary, are very encouraging in confirming the existence of a large mineralised copper-gold system within our Kadungle tenements.
“The alteration and mineralisation from the drilling is consistent with our exploration model of a buried (oxidised, silica undersaturated) alkalic porphyry system which typically has great potential for not only copper but also associated gold – note assays will be required before the grade is established.”
Early results bode well for remainder of program
These positive results at Kadungle have implications for the rest of Emmerson’s New South Wales projects, given they were targeted utilising the same parameters and methodology.
Drilling to be finished by Christmas
Drilling is anticipated to be finished prior to Christmas and assay results will be available in late January to early February 2018.
A second drill rig will commence on a five hole program, two kilometres north at the Trig prospect where gold in epithermal veins has recently been identified.