February 21, 2023
Emmerson Resources Ltd. (ASX:ERM, Not Rated, Timothy Lee) announced that it had begun drilling at its Kiola Cu-Au project in New South Wales, Australia. The four hole, ~3,000m drill program will test a selection of targets identified from magnetotelluric and IP survey data within the 15km2 Kiola geochemical zone, an area of anomalous Cu and Au geochemistry that also hosts historical mine workings. Shallow historical drilling on the property encountered Au and Cu mineralization, but no prior deeper drilling has been completed on the property. Kiola is located in the Molong Belt, along trend and with a similar geologic setting to Newcrest’s (ASX:NCM, Not Rated) world-class Cadia-Ridgeway mining complex. The company anticipates that the drill program will be completed in 4-5 weeks, with drilling also planned for the company’s flagship Tennant Creek project in the Northern Territory this year. We are encouraged to see the company undertake this program at the Kiola project, which is located in “elephant country” among large porphyry deposits. Read more
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Emmerson Resources Ltd. – ASX:ERM
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