USD $4,143.86
Goldman First resource estimate highlights potential for standalone mining operation.
Emerald Resources NL (ASX:EMR) has announced a maiden Measured, Indicated, and Inferred Mineral Resource Estimate of 28.0Mt @ 1.13g/t Au for 1,010Koz at its Dingo Range Gold Project. The resource includes the Boundary to Bungarra trend and Freeman’s Find Prospects, which remain open at depth and along strike.
Key highlights of the announcement include:
- 19.0m @ 2.59g/t Au from 75.0m (RC24NPT132).
- 2.0m @ 15.09g/t Au from 15.0m (RC24FMF030).
- 1.0m @ 21.00g/t Au from 8.0m (RC24HUR077).
Emerald anticipates +90% metallurgical recoveries from conventional CIL flow sheet processing. Feasibility studies are underway and are expected to support the potential development of the project by 2025.
Morgan Hart, Managing Director of Emerald Resources, commented:
Emerald is pleased to announce the maiden gold resource estimate of 1 million ounces at the Dingo Range Gold Project. The maiden estimate follows the completion of the 100% takeover of the Project in June 2024.
The prospects within the resource estimate remain open at depth and along strike. Drilling continues at the Project with the aim of providing regular resource updates throughout 2025.
Feasibility studies have continued to advance in parallel with the resource calculation and we look forward to providing updates on the outcomes of the studies in early 2025 in advance of development of the Project in 2025.
