Emmerson Resources Ltd

Emmerson Resources maiden drilling hits edge of potential porphyry copper system

Drilling has intersected copper, zinc and gold in porphyry style mineralisation.

Example of the chalcopyrite-pyritequartz- veins in recent drilling
Additional geochemistry and geophysics is now in progress ahead of further drilling

Emmerson Resources Ltd (ASX:ERM) has received assay results from drilling completed at its Whatling Hill Project within its Fifield tenement package in New South Wales.

Reverse circulation (RC) and diamond drilling consisted of six holes for 1,500 metres and has intersected the outer zones of a mineralised porphyry copper-gold system.

Results include 8 metres at 0.4% copper from 194 metres, 17 metres at 0.4% zinc from 300 metres, 3 metres at 0.4% copper from 91 metres, and 3 metres at 0.22 g/t gold from 231 metres.

A program of additional geochemistry and geophysics is now in progress ahead of the next drill program which will target the higher-grade core of the Whatling Hill porphyry copper system.

The next phase of exploration is aimed at testing the higher-grade core of the system

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 over a large area and is consistent with the widespread anomalous geochemistry.

“The program has been effective in providing an insight into the underlying geology in an area that is covered and has seen little previous exploration.

“The intersection of chalcopyrite-pyrite in quartz veins and stockworks from drill hole WHDD002 is very positive, and even more encouraging is the detailed geology which consists of multiple altered monzonite intrusions and associated alteration – mainly epidote and chlorite, signalling that the drilling has yet to test the core of the porphyry system.

“The assay results and alteration are consistent with intersecting the outer zones of potentially multiple or clusters of porphyry style mineralisation.

“Implementation of the next round of exploration is already underway and will aim to pinpoint the core of the system where higher grades of copper and gold are to be expected.”

READ: Emmerson Resources completes second tranche of placement to strategic partner

Proactive recently caught up with Proactive to discuss the company's $1 million share placement with joint venture partner Territory Resources at 10.35 cents a share.

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Price: $0.15

Market: ASX
Market Cap: $63.73 m

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