Join our daily newsletter At The Bell to receive exclusive market insights
- Emerald Resources (EMR) reports “significant” gold exploration results from the Okvau and North Laverton projects
- The company has been undergoing extensional drilling at the Okvau gold project in Cambodia which has continued to deliver significant gold mineralisation nearby existing resources with results including five metres at 23.26 g/t gold from 258 metres
- Meanwhile, Emerald has been continuing work at its 60 per cent owned North Laverton gold project in Western Australia, which also returned gold mineralisation
- A resource update is now anticipated by the end of FY23, which will be closely followed by a reserve calculation
- Emerald Resources ends the day 2.61 per cent in the green to close at $1.18
Emerald Resources (EMR) has reported “significant” gold exploration results from the Okvau and North Laverton projects.
The company has been undertaking extensional drilling at the Okvau gold project in Cambodia, which Emerald said has delivered continuous significant gold mineralisation near existing resources.
Recent results from the campaign included 10 metres at 14.17 grams of gold per tonne (g/t) from 258 metres, including five metres at 23.26 g/t gold from 258 metres.
Following the results, the company began an update of Okvau’s resource and reserve, which is set to include intersections outside the current indicated resources, such as three metres at 14.28 g/t gold from 432 metres.
Meanwhile, Emerald has been continuing work at its 60 per cent owned North Laverton gold project in Western Australia.
The project, owned jointly with Bullseye Mining, returned gold mineralisation from a reverse circulation resource exploration program on the Boundary and Neptune prospects.
Results from the drilling included two metres at 4.94 g/t gold from 62 metres, including one metre at 9.07 g/t gold from 69 metres, and one metre at 42.9 g/t gold from 72 metres.
A resource update is now anticipated by the end of FY23, which will be closely followed by a reserve calculation.
Emerald Resources ended the day 2.61 per cent in the green to close at $1.18.
