Emmerson Resources (ASX:ERM) has intersected visible sulphides within an extensive zone of alteration in its first drill hole at the Kadungle project located in New South Wales.
Drill hole, KDD015, supports the previous historical drilling where high-level epithermal veins were intersected with best assays of 12 metres at 7.73 g/t gold and 3 metres at 7.14 g/t gold.
This recent drill hole not only extends the known mineralisation but points to the potential for both shallow epithermal gold-silver and deeper porphyry copper-gold mineralisation.
Assay results will be available in circa three weeks, with work already underway to better understand the geology.
Rob Bills, managing director, commented: “This drilling is a very positive start to our New South Wales field season where Emmerson currently has five new projects generated from proprietary predictive 2 and 3D targeting models – developed in conjunction with our strategic alliance partner Kenex Limited.”
KDD015 preliminary details
Drill hole KDD015 has intersected multiple zones of alteration and mineralisation as follows:
- Shallow, intermittent epithermal quartz veining from the surface to 33 metres downhole within vuggy silica-pyrite alteration;
- 97 metres of breccia with up to 5% sulphides including visible chalcopyrite, sphalerite and galena from 14.9 metres downhole;
- Intermittent quartz-chalcopyrite-pyrite and hematite veins and breccia with disseminated chalcopyrite from 112 metres to 150 metres downhole; and
- Chlorite-quartz-epidote alteration increasing in intensity to 190 metres with occasional quartz-chalcopyrite-hematite veins.
Significantly, the new surface outcrops of epithermal quartz-hematite veins confirms potential for shallow gold-silver mineralisation.
Kadungle option terms
Emmerson owns a 12 month option over the Kadungle project, which requires a minimum spend during this period of $100,000.
Emmerson can earn up to 80% of the Kadungle project under an option and joint venture with Aurelia Metals through spending $0.5 million over a five year period.
Kadungle sits to the east of Emmerson’s large Fifield exploration lease, while to the west is the Rimfire Pacific Mining NL (ASX:RIM) Sopressa gold-silver discovery.