Emmerson Resources continues strong progress across pipeline of projects in Northern Territory and New South Wales

Emmerson Resources Ltd (ASX:ERM) continues to make strong progress across its pipeline of Northern Territory exploration projects with funds generated by low-risk royalty streams. After further progress during the March quarter, the company is preparing for new drill programs following the end of the northern wet season. The company is also advancing exploration at its suite of highly prospective projects in the gold-copper prolific Lachlan Fold Belt of New South Wales. Mauretania focus A key focus in the NT is the high-grade Mauretania Gold Project within the Northern Project Area (NPA) of Emmerson’s Tennant Creek Project in the Northern Territory, around 500 kilometres north of Alice Springs. A diamond drilling program kicked off in November 2020 with the aim to better delineate the grade and scale of the known bonanza high-grade gold zone, as well as provide geotechnical data to support the design of a future open pit. This two-hole diamond drill program represents the first activity funded through the TCMG Strategic Alliance, which is managed by Emmerson. Resumption of the Mauretania drill program is scheduled for May 2021. Drilling gold-copper-cobalt at Jasper Hills Emmerson entered into a landmark joint venture agreement with the Marnturla Aboriginal Corporation (MAC), which acts on behalf of the custodians of the land that contains the Jasper Hills, Hermitage and Golden Slipper mineral titles within the Tennant Creek Project.  This landmark agreement with MAC provides both with an equity interest in the projects and employment opportunities during exploration which, if successful, may lead to future mining. Further discussions and documentation on behalf of the Traditional Owners and Emmerson were lodged with the AAPA to support the variation for access application. Drilling within the area cannot take place until this formal variation is approved. Following receipt of the variation, Emmerson expects the immediate exploration priorities will include a circa 2,000 metres, six-hole diamond drill program to verify historic drilling results and further assess the continuity of the gold, copper and cobalt mineralisation. Kadungle Project Results from a 1,700-metre, two-hole drill program were returned during the March quarter for the Kadungle project in New South Wales.   Recent work at Kadungle has confirmed that the likely source of the gold and copper mineralisation at surface and in historic drilling is centred on the Mt Leadley and Mt Leadley South prospects. This interpretation of a deeper source to the metals is corroborated in a number of independent datasets including vectors derived from the alteration and metal zonation, supported by new cutting-edge techniques utilising the trace element signatures from the outer, chlorite-epidote (green rock) assemblages. Both prospects occur within a circular, 2.5-kilometre zone of intense silica-sulphide alteration and demagnetisation that contains numerous broad and anomalous copper-gold intersections. One diamond drill hole was completed in each of Mt Leadley and Mt Leadley South to test the underlying potential for both copper and gold. Based on this drilling, further work will include undertaking a structural interpretation to assist in pinpointing higher grade gold zones within this very large mineralised system. Both drill holes are partly funded with a $100,000 grant from the NSW New Frontiers Cooperative Drilling program plus 50% funded under a strategic alliance with Longreach Minerals. Kiloa Project Kiola is one of Emmerson’s five early-stage copper-gold projects in the Molong geological belt of the Macquarie Arc in NSW. First pass diamond drilling within the prospective 15 square kilometres Kiola Geochemical Zone (KGZ) has confirmed the potential for further gold and base metals at the Nasdaq skarn and also the possibility of deeper copper-gold associated with an underlying porphyry system. Whilst this drilling intersected copper in every drill hole, the source and exact location of the metals is yet to be determined. A recently completed 3D MIMDAS geophysical survey is being processed, with initial results highly encouraging in constructing a 3D model ahead of further drilling in 2021.