- Emmerson Resources (ERM) to begin 2500 metres of drilling at the Kiola Project in New South Wales
- The Kiola Project is centred on the 15-square-kilometre Kiola Geochemical Zone (KGZ)
- Emmerson recently produced a 3D model which suggests a connection between the surface mineralisation within the KGZ and a porphyry-gold system at depth
- In light of this, ERM will undertake 2500 metres of drilling to test the magnetic targets within the KGZ
- Company shares are trading steady at 6.8 cents
Emmerson Resources (ERM) has outlined some drill targets at its Kiola Project in New South Wales.
According to the company, the Kiola Project is one of the highest-ranked, early-stage gold-copper projects in the portfolio and is centred on the 15-square-kilometre Kiola Geochemical Zone (KGZ).
The project is also located within the Molong Belt which hosts Alkane Resources’ (ALK) Boda copper-gold discovery and Newcrest’s world-class Cadia-Ridgeway deposits.
Recent work confirmed the KGZ contains common features of world-class porphyry gold-copper mineralisation.
In collaboration with its geophysical consultants, the company produced a 3D model which suggests there’s a connection between the surface mineralisation within the KGZ and a porphyry-gold system at depth.
Mitre Geophysics Principal Geophysicist, Kate Hine, was pleased the geophysical work produced strong anomalies.
“The Kiola MIMDAS geophysical survey produced some very strong anomalies that benefited from specialist inversion modelling. The integration of the magnetotelluric and induced polarisation data is aimed at producing the best possible understanding of the subsurface.”
In light of these positive indications, Emmerson Resources will undertake 2500 metres of drilling to test the magnetic targets within the KGZ.
Company shares were trading steady at 6.8 cents at market close.