EMU NL (ASX: EMU) (“EMU” or “the Firm”) is happy to launch gold assay outcomes from its maiden reconnaissance subject survey carried out throughout July and August 2023 on the Georgetown Mission in Queensland.
HIGHLIGHTS*
- Camp Oven Creek space historic floor rock assay outcomes starting from 12.9 g/t as much as 224 g/t gold and 24 g/t to 135 g/t silver from rock samples in broad rhyolite breccia hosted veins within the NW1.
- 15.4 g/t gold assay outcomes recorded from EMU’s first reconnaissance rock samples within the NE Dagworth space, ~19km east from Camp Oven Creek, alongside Delany Fault extension2.
- 15 historic rock values better than 31.1 g/t gold (> 1 Ounce) recognized from zones within the Camp Oven Creek, 130 Quartz Vein and Quartz 250 Prospects (“new historic data”)3.
- Three historic rock samples within the Quartz 130 prospect returned values starting from 51 g/t gold as much as 73 g/t gold4.
- Restricted historic drilling at Rhyolite Breccia/Turtle Arm returned values to 2m at 15.8 g/t Au and 3m at 2.8 g/t Au.( See desk 3).
- 86 historic floor rock samples better than 1 g/t gold with a weighted common of 17.3 g/t inside Georgetown EPM 27667 – NW Camp Oven Creek/Turtle Arm quadrant5.
- 2 EMU first reconnaissance rock samples returned 36.1 g/t gold and 25.6 g/t gold respectively from the Sandy Creek prospect simply south of Georgetown6.
- Restricted historic drilling at Munitions Creek (EPM 27642) returned values to 4m at 2.73 g/t Au and 1m at 10.85 g/t Au. (see desk 3).
- EMU’s geological groups at the moment in subject enterprise observe up sampling from these areas.
Commenting on the excessive gold values traditionally reported within the undertaking space coupled with EMU’s newest outcomes, EMU’s Chairman Mr Peter Thomas commented:
“It’s fairly outstanding that the Georgetown tenements and surrounding areas haven’t been comprehensively subjected to a contemporary and systematic exploration effort beforehand. EMU’s preliminary “first cross” reconnaissance subject survey comprised the gathering of a restricted variety of samples from rock outcrop, termite mounds and stream sediments in a number of areas focused for gold, base metals, lithium and important minerals. Along with the lately reported copper, silver and lead values, the gold assay outcomes and historic exploration outcomes help EMU’s view that the undertaking has the potential to ship world-class discoveries which underpinned its choice to farm into the undertaking”.
Additional to the latest announcement7 confirming a considerable high-grade copper and silver system at Fiery Creek and high-grade lead and silver assays outcomes from Snake Creek, EMU reviews excessive grade gold values from rock chip samples collected from a lot of potential areas at Georgetown.
Not too long ago compiled historic gold and base metallic drill gap and floor outcrop sampling values from the Georgetown space and from inside the three tenements which comprise the undertaking, verify the excellent prospectivity of the undertaking.
EMU is at the moment enterprise a brand new, restricted and focused follow-up exploration programme with groups within the subject over areas not beforehand sampled to research zones which have traditionally reported high-grade gold and base metallic values.
Determine 1 – Recognized present and historic Gold Occurrences at Fiery Creek and Georgetown Tenements
Desk 1. Emu’s Important Gold Pattern Assay Outcomes (>1 g/t Au in daring textual content)
Historic Gold Reported:
Fiery Creek EPM 27667 (Gold + Base Metallic Targets)
Primarily based upon vital outcomes which have emerged from the compilation of historic information and the restricted subject work already accomplished by EMU, the numerous northern portion of the Fiery Creek tenement (EPM 27667) is rising as a excessive precedence for each valuable and base metals. The upper precedence targets embrace structural settings for gold within the Camp Oven Creek, Quartz 130, Quartz 250 and Dagworth Prospect areas, while the Fiery Creek prospect inside the Yataga Granodiorite calls for additional consideration as a result of high-grade outcrop pattern assay values for copper and silver.
Click on right here for the complete ASX Launch
This text contains content material from EMU NL, licensed for the aim of publishing on Investing Information Australia. This text doesn’t represent monetary product recommendation. It’s your duty to carry out correct due diligence earlier than appearing upon any data offered right here. Please consult with our full disclaimer right here.
[ad_3]