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eMetals (ASX:EMT) confirms drill targets at Twin Hills Project

Mining
ASX:EMT      MCAP $4.25M
04 August 2020 08:48 (AEST)
eMetals Limited (ASX:EMT) - Director, Mathew Walker

Source: eMetals

eMetals (EMT) has completed a geochemical auger drilling program at its wholly-owned Twin Hills Gold Project in WA’s Goldfields.

The program is set to be expanded after identifying several drill-ready targets across almost two kilometres of strike between the historical Twin Hills Mine and Twin Dams tenements. Both Twin Hills and Twin Dams are small, separate tenements, not owned by eMetals, which lie within the eMetals licence area.

Promising prospects

The Twin Hills Mine has historically produced around 1100 tonnes of ore at an average grade of 23.6 grams per tonne (g/t) gold and has a historic non-JORC 2012 resource of approximately 17,000 tonnes at 20.86 g/t down to a depth of 100 metres.

The tenement held by eMetals covers 30 square kilometres and contains the interpreted north and south strike extensions of the shear zone which is believed to host the Twin Hills mineralisation.

The auger program concentrated on the southerly strike extension between Twin Hills and Twin Dams, but will now move to the north of Twin Hills to examine further interpreted shear intersections.

eMetals Director Mathew Walker says the company is looking to fast-track works at Twin Hills.

“The company has decided to accelerate exploration activities […] in response to favourable market conditions within the gold sector,” Mathew said.

“We are delighted that the recent auger geochemical program has validated our structural modelling and provided us with multiple ready-to-drill targets,” he added.

Modelling suggests the shear zone hosts plunging gold mineralised shoots, but the area is largely untested and underexplored.

Next steps

eMetals has identified several drill-ready targets through the auger program.

The next phase of auger drilling in the strike extension to the north of Twin Hills already has approval.

Once that program is complete and further targets have been identified the company will seek program of work approvals for a deeper reverse circulation (RC) drilling program.

The company expects the RC drilling to begin before the end of September.

eMetals closed Tuesday’s session five per cent higher at 2.1 cents.

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