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Emmerson Resources Ltd

Emmerson Resources intersects copper and base metals, assays pending

Preliminary results which include visual inspection of drill core has found mineralisation.

Map of Australia with project locations
Further details including grade will be known once the lab assays are received in 4-5 weeks

Emmerson Resources Ltd (ASX:ERM) has intersected 14 metres of chalcopyrite-pyrite-quartz veins and stockworks in drilling at Whatling Hill Project in New South Wales.

About 1,500 metres of reverse circulation (RC) and diamond drilling has been completed with assays expected to be returned in May 2019.

As assay results from this program at Whatling Hill are awaited, activities in NSW will refocus toward other projects at Kadungle and Kiola.

The next stage of exploration at these projects will include collecting additional geochemistry and geophysics, ahead of drilling in 2019. 

14 metres of chalcopyrite-pyrite-quartz veins and stockworks intersected in diamond drill hole WHDD002
from 194 metres down the hole

READ: Emmerson Resources commences maiden drilling at Whatling Hill

Emmerson’s managing director Rob Bills said: “First pass drilling at Whatling Hill has been successful in establishing the presence of porphyry copper style mineralisation – which is a fantastic result given the aim of this drilling was to gain an insight into the underlying geology in an area that is covered and has seen little previous exploration.

“While the intersection of chalcopyrite-pyrite in quartz veins and stockworks from WHDD002 is obviously very encouraging, and the detailed geology is even more so with the intersection of multiple intrusions and intense alteration – mainly epidote and chlorite which signals that the drilling has yet to sample the core of the porphyry system.

“Further analysis of the alteration and vein orientations, combined with the assay results and geology, will assist in providing vectors to the core of the mineralisation and determine the location of the next drilling campaign.”

READ: Emmerson Resources non-executive director shows confidence in company with share purchase

Recently, Emmerson’s non-executive director Andrew McIlwain demonstrated his confidence in the company’s diversified strategy by purchasing shares on-market.

McIlwain bought 60,000 ordinary shares, increasing his total shareholding to more than 4.5 million shares.

Quick facts: Emmerson Resources Ltd

Price: $0.15

Market: ASX
Market Cap: $63.73 m
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