The diamond tail intercepted three mineralised zones of elevated gold, silver, copper, lead, antimony, mercury and zinc typical of high sulphidation epithermal (HSE) systems.
Notable intercepts include:
• 26 metres at 0.32 g/t gold from 181 metres, including 1 metre at 0.68 g/t gold from 183 metres; and
• 10 metres at 0.33 g/t gold, including 1 metre at 0.83 g/t gold from 217 metres.
Importantly, the entire diamond drill segment of the hole has elevated gold, averaging 0.13 g/t gold for 162 metres.
The silver mineral is identified as pyragyrite, a reddish silver sulfosalt and an important source of precious metals.
Region with a total gold endowment of over 90 million ounces
There are many analogues for this style of mineralisation in the Maricunga Belt, an area with a total gold endowment of over 90 million ounces of gold equivalent.
The nearest, the Maricunga Mine, 30 kilometres northwest of Vidalita, has a resource 146.2 million tonnes at 0.57 g/t gold for 2.65 million ounces of gold.
Emu director Greg Steemson said: “These results validate Emu’s persistence with this project.
“The geology and surface geochemistry told us there had to be significant mineralisation on our ground.
“The assays from 5700-1 confirm the earlier geological observations and suggest that Emu is now well and truly in the hunt.”