Australian gold miner Emmerson Resources has announced the approval of the next round of drilling within the 100% owned Emmerson Tennant Creek project in the Northern Territory.
Emmerson said this is the third and largest drill campaign for 2016 and follows the highly successful delineation of high-grade gold zones within the Edna Beryl project.
According to the company, the drilling will be apportioned mostly to Edna Beryl (~5.300m of RC and diamond drill holes) with the remaining ~1700m of drilling going to the Susan and Retsina prospects.
“This extensional drill campaign art Edna Beryl aims to extend the shallow high-grade gold within the Edna Beryl Main and South ironstones plus test the depth potential of the recently intersected, Edna Beryl Deeps ironstone.” Emmerson Resources said in a statement.
“Based on the previous drilling, a new geological interpretation suggests thickening and coalescing of the shallow ironstones with depth. This opens up the potential for deeper primary gold mineralisation associated with hematite ironstone and adds to the shallow, high-grade gold mineralisation at Edna Beryl South, Main and also within the “small mines”.”
The company’s Managing Director Rob Bills the NT department of Mines has approved the Management Plan for Edna Beryl East, allowing development to proceed and if required, the establishment of underground drill platforms.
“Our recent Joint Venture meeting with Evolution in Tennant Creek has approved a very aggressive drill program at Edna Beryl in recognition of the significance of the previous high-grade drill intercepts. A revised geological interpretation based on this drilling indicates both the potential for further bonanza gold grades in the oxide zone within individual ore shoots, and also the likelihood that these shallow ore zones coalesce into a larger primary gold zone associated with hematite ironstone at depth,” he said, adding that the program is fully funded by Evolution Mining and constitutes part of the $15 million earn-in phase of the Joint Venture.
“In addition, this program will test a further two projects. One called Susan which has excellent potential for both gold in the oxide and primary zones down plunge from historic drill holes SSRB04 (which intersected 9m at 12g/t gold), SSRB05 (11m at 19.5g/t gold) and SSRB07 (10m at 3g/t gold). The other drill target is at Retsina where limited surface outcrop suggests some similarities to the geological settings at Edna Beryl.”