EMERALD RESOURCES UNCOVERS STRIKING GOLD GRADES AT FREEMAN’S FIND

New Discovery Elevates North Laverton Gold Project’s Profile

Emerald Resources NL (ASX:EMR) has made a significant gold discovery at the Freeman’s Find Prospect within the North Laverton Gold Project, showcasing impressive high-grade results just 8km south of the Boundary/Neptune Prospects.

Discovery Highlights:

  • A maiden reconnaissance drill program has unearthed noteworthy high-grade gold intercepts, including:
    • 5m @ 20.61g/t Au from 33m, featuring an exceptional 1m @ 101g/t Au from 36m.
    • A substantial 21m @ 3.98g/t Au from 26m, with a high-grade inclusion of 1m @ 49.9g/t Au from 29m.
    • Additional significant finds such as 1m @ 43.2g/t Au from 3m and stretches of 9m @ 2.00g/t Au.
  • These results span a strike length of 500m, indicating the presence of substantial gold mineralization.

Geological Insights:

  • The early-stage drilling targeted aeromagnetic and geochemical anomalies, with mineralization linked to quartz veining within a granodiorite intrusion, surrounded by mafic basalts.
  • With the mineralization open along strike and at depth, the NW-striking quartz veining presents an intriguing focus for ongoing exploration.

Ongoing Exploration and Strategic Focus:

  • Emerald has completed 1,637m of the planned 2,560m first-pass drill program, with additional assays pending.
  • The initial drilling success highlights the under-explored potential of the North Laverton Gold Project, hinting at the possibility of multiple standalone or satellite deposits.

Management’s Perspective:

Morgan Hart, Managing Director of Emerald, conveyed optimism about the new discovery:

The Freeman’s Find outstanding high-grade gold discovery highlights the prospectivity of the North Laverton Gold Project which to date has had limited follow-up drilling. It demonstrates that this Project has the potential to host multiple standalone deposits or satellite deposits to supply additional ore to a central milling location.

Since we acquired a controlling interest in Bullseye, we have focused on an initial resource definition program on the Boundary, Neptune, Stirling, Hurleys, and Bungarra prospects.

We are looking forward to our ongoing drilling program adding to these significant results ahead of releasing an Emerald maiden resource and ultimately commencing mining.

Read the full announcement

Goldman

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