Emmerson Resources (ASX:ERM) has updated on its deep drilling program at the Tennant Creek project.
Drill hole GODD032 is co-funded as part of the Northern Territory’s “Creating Opportunities for Resources Exploration” (CORE) initiative and is planned to a total depth of 1,200m.
This will assist in validating the new geological and structural interpretation based on the recent 2D seismic traverse and, test for gold mineralisation, some 400m beneath the historic underground Gecko copper workings.
The pre-collar to this deep hole has unexpectedly intersected multiple zones of copper sulphide mineralisation associated with quartz - chlorite veins, very analogous to the recently discovered Goanna mineralisation some 800m to the east.
Further infill drilling will be required to confirm this as it has important economic implications with regard to adding additional copper resources close to the existing mine development.
Samples have been dispatched for analysis.
The drill hole has now switched to diamond core and is progressing towards the deeper target zones.
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