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Shallow, alternate epithermal quartz veining (from the apparent to 33m bottomward the hole), aural vuggy silica-pyrite alteration.
97m of breccia with up to 5% sulphides including arresting chalcopyrite, sphalerite and galena (from 14.9m to 112m bottomward the hole).
Alternate quartz-chalcopyrite-pyrite and hematite veins and breccia with broadcast chalcopyrite (112 to 150m).
Chlorite-quartz-epidote about-face accretion in acuteness to 190m with casual quartz- chalcopyrite-hematite veins.
Emmerson Assets Bound (“Emmerson” ASX: ERM) is admiring to advertise that our aboriginal assignment aperture at Kadungle in NSW (Figure 1) has intersected arresting sulphides aural an all-encompassing area of alteration. This assignment aperture supports the antecedent actual conduct area high-level epithermal veins were intersected with best assays of 12m at 7.73 g/t (KDD002) and 3m at 7.14 g/t Au (KRC019) (Figures 2 and 3). Similarly, added broadcast and coarse copper-gold produced intersections of 37m at 0.23% chestnut including 6m at 1.1% chestnut (KDD013) and 154m at 0.12% chestnut and 0.37g/t gold (KRC019) (ASX: 04 October 2016).
This contempo assignment aperture not alone extends the accepted mineralisation but credibility to the abeyant for both aerial akin (shallow) epithermal gold-silver and added porphyry copper-gold mineralisation. The about-face of aerial akin quartz-pyrite-hematite allocation to added chlorite-epidote-quartz is constant with this estimation (Figure 3). Moreover, the circle of mineralised hydrothermal breccia which cuts agitable breccia/diatreme (Figure 2) – both absolute broadcast chalcopyrite (assays pending) is actual absolute (Figure 4). In acceding of scale, the analysis of added hematite epithermal quartz veins, some 2.5 kms arctic at the Trig anticipation provides some adumbration that this is a ample mineralised arrangement (Figures 1 and 5). ). Assay after-effects will be accessible in about three weeks, with assignment already underway to bigger ascertain the cartography and about-face assemblages.
Emmerson’s Managing Director, Mr Rob Bills commented: “This conduct is a actual absolute alpha to our NSW acreage division area Emmerson currently has bristles new projects generated from proprietary predictive 2 and 3D targeting models – developed in affiliation with our cardinal accord accomplice Kenex Limited. The Kadungle action sits to the east of our ample Fifield Analysis Lease, while to the west is the Rimfire Pacific Mining NL, Sopressa analysis (7.9Moz Ag and 125Koz Au). Thus we accept that these tenements are awful -to-be for both gold and copper, as are our added four projects at Wellington (EL 8463), Parkes (EL 8466), Temora/Sebastopol (EL 8465 & ELA 5481) and Kioloa (ELA 5417). Note Kenex can acquire up to a 10% absorption in these tenements (excluding Kadungle) aloft accomplishing assertive agreed milestones. Emmerson can acquire up to 80% of the Kadungle action beneath an advantage and JV with Aurelia Metals through spending $0.5m over a bristles year period.”
The abstruse and bartering action for our NSW projects follows a agnate archetypal to our acknowledged Tennant Creek Action in the NT (Evolution Mining are earning a 65% absorption by spending $15m). Area the ability and technology, active to success at Tennant Creek is leveraged into new underexplored opportunities, but with a focus on high, abreast appellation amount from epithermal gold-silver aural ample porphyry copper-gold systems. It is envisaged that ERM will seek acceptable JV ally on some of these NSW projects.
Emmerson is a arch gold and chestnut gold charlatan with projects in the Northern Territory and New South Wales and is led by a lath and administration accumulation of accomplished Australian mining admiral including above MIM and WMC mining controlling Andrew McIlwain (non-executive chairman), and above chief BHP Billiton and WMC controlling Rob Bills ( Managing Director and CEO).
The Northern Territory projects are centred about the Tennant Creek Mineral Acreage (TCMF), which is one of Australia’s accomplished brand gold and chestnut fields bearing >5.5 Mozs of gold and >470,000 tonnes of chestnut from a array of deposits including Gecko, Orlando, Warrego, White Devil, Chariot and Golden Forty, all of which are aural Emmerson Assets (ASX: ERM) analysis and collective adventure portfolio. Emmerson’s clue almanac of analysis includes chestnut and gold mineralisation at Goanna, Monitor, Mauretania and added recently, the analysis of actual high-grade gold at Edna Beryl – the aboriginal discoveries in the TCMF for over a decade.
Emmerson holds 2,500 km2 of arena in the TCMF, owns the alone gold comminute in the arena and is in the action of monetising a action of baby high-grade analysis targets via a Tribute Acceding with a specialised baby mines company. The aboriginal of these baby mines will be at Edna Beryl, with assembly to arise in 2017.
Analysis in the TCMF is adjourned via a Farm-in acceding with Evolution Mining Bound (EVN), area EVN is sole allotment analysis amount of $15 actor by 31 December 2017 to acquire a 65% absorption (Stage 1 Farm-in). EVN again has a added advantage to sole armamentarium a added $10 actor over two years to acquire an added 10% (Stage 2 Farm- in). Emmerson is the abettor and administrator during the Stage 1 Farm-in.
Emmerson has afresh commenced analysis on new gold-copper projects in NSW, articular (with our cardinal accord accomplice Kenex Limited) from the appliance of “big assorted absolute datasets” – aimed at accretion the anticipation of analysis through added predictive adequacy (particularly important in covered terrains). The awful -to-be Macquarie Arc hosts >80Mozs gold and >13Mt chestnut but with these assets heavily abounding to areas of bulge or bound cover. Emmerson’s bristles analysis projects awning some 1,500 km2 of Macquarie Arc rocks and accommodate abounding attributes of the accepted deposits but abide beneath explored due to actual impediments, including above awning (plus acreage lands) and a abridgement of analysis focus. Kadungle is an advantage (and abeyant JV) with Aurelia Metals accoutrement 43km2 adjoining to Emmerson’s Fifield project.
Kenex is a Wellington and West Australian based aggregation which was accustomed in 2002 to accommodate GIS and analysis casework and admonition for the analysis and mining industries in Australia and New Zealand. Over the aftermost 10 years, Kenex has broadened their all-embracing acquaintance through captivation with projects and audience in the Middle East, Africa, Scandinavia, Asia-Pacific and Latin America. Kenex is a accumulation of awful motivated analysis professionals who accept added than 85 years of accumulated acquaintance and ability in analysis and mining, locally (New Zealand/Australia) and abroad, including the Solomon Islands, Africa, Papua New Guinea, Asia and Latin America. Kenex additionally has growing ability in the abyssal minerals sector.
Kenex specialises in predictive modelling for minerals (2D and 3D) area it is at the beginning of accouterment these casework to businesses to accomplish targets with the greatest geological abeyant in affiliation to the mineral arrangement actuality evaluated. This delivers to our client’s outcomes which can be acclimated for a array of purposes including bounded appraisal of a mineral belt, identification of opportunities for acquisition, the accoutrement for able analysis assignment programme planning and in the case of predictive 3D modelling, assignment aperture targeting.
Aurelia Metals became a gold ambassador in 2014 and its flagship asset is the high-grade Hera gold-lead-zinc-silver abundance in axial NSW.
In FY 2016, the Hera abundance produced 46,882 ounces of gold and 25,406 tonnes of lead-zinc concentrates from the processing of 308,118 tonnes of ore.
The Aggregation is advancing cogent added improvements in the Hera operation including bigger metal recoveries, added throughput and operating amount reductions. Aurelia is additionally advancing a abreast abundance analysis programme, with a able appearance on the accommodation for Hera to advance into a ample scale, high-grade ‘Cobar style’ deposit.
The advice in this address which relates to Analysis After-effects is based on advice aggregate by Dr Ana Liza Cuison, MAIG, MSEG. Dr Cuison is a Member of the Australian Institute of Geoscientists and has acceptable acquaintance which is accordant to the appearance of mineralisation and types of deposits beneath application and to the action which she is adventure to authorize as a Competent Person as authentic in the 2004 copy and the 2012 copy of the Australasian Code for Reporting of Analysis Results, Mineral Assets and Ore Reserves. Dr Cuison is a abounding time agent of the Aggregation and consents to the admittance in this address of the affairs based on her advice in the anatomy and ambience in which it appears.
The advice in this address which relates to actual advice intercepts at Kadungle (KDD002 and KRC019) is extracted from the address “New Gold – Chestnut Projects in NSW” created on 04 October 2016. Actual advice intercepts for PL2 and PL3 is extracted from Open File Analysis Annual Address GS Number: GS1984/361, Company: Seltrust Mining Corporation Pty Ltd, EL2171 Redcliffe Action and can be begin in the NSW Department of Industry and Assets website.
Figure 1: Location of Emmerson Assets NSW Projects (bold atramentous outlines) additional above campaign and deposits aural the Macquarie Arc (muted red colour=magnetic signature of the Macquarie Arc).
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Aurelia Metals Ltd. appear this agreeable on 31 May 2017 and is alone amenable for the advice independent herein.Distributed by Public, unedited and unaltered, on 30 May 2017 23:49:22 UTC.
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