Emmerson Resources (ASX:ERM) has revealed that deep drill hole GODD032 has intersected further new zones of copper, pyrite and bismuth mineralisation associated with hematite some 400m below the historic Gecko copper mine.
This hole provides exciting potential for expanding the already significant 2.7km long Gecko-Goanna-Monitor mineralisation.
Only 8% of historic drilling in the Tennant Creek Mineral Field has penetrated beyond 150m from the surface. The success of this deep drilling now highlights the depth potential of the field.
Drilling to commence at the Mulga 1 target this week – part of the 28,000m program approved and funded by partner, Evolution Mining.
Rob Bills, managing director of Emmerson, commented:
“This deep drill hole is highly significant as it opens up the potential to extend the shallower “Goanna style” copper and also within the deeper
dilatant conduits, the possibility for high grade gold-bismuth that was blind to previous explorers.
"We look forward to receiving the assay results in coming weeks.
"The geological implications of this recent drilling go far beyond the Gecko project and provide added confidence for targeting deeper mineralisation across the entire TCMF utilising new concepts and technologies.
"The support and co-funding from the Northern Territory Government coupled with the first application of seismic geophysics in the TCMF introduced by our JV Partner, Evolution Mining, was pivotal to the success of this drill hole.
"The 28,000m of drilling scheduled for this quarter is underway and will be test a variety of regional greenfield and near mine brownfield targets.”
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