EMU NL (ASX:EMU) is making preparations for the Stage 4 follow-up RC drill programme planned to test strike extensions and depth continuity at its recent Flying Emu gold discovery its Badja Project near Yalgoo in Western Australia.
Broad, near surface gold mineralisation was identified from the first hole 22FERC001 in the Stage 3 drill programme completed in April 2022, The highlight intersection was 9m at 3.44g/t gold from 39m; including 2.0m at 10.14g/t gold from 39m.
Chairman, Peter Thomas, said the Flying Emu gold zone discovery is located 1 km to the northwest of the Monte Cristo gold discovery. The Flying Emu prospect is located along the same geological formation with a similar thrust fault and structural deflection magnetic signature to that seen at the Monte Cristo and Water Tank Hill prospects.
“EMU’s success in discovering a broad intercept of high-grade gold with possible tungsten, from its first targeted hole at Flying Emu has resulted from the highly competent, sustained, systematic and thoroughly measured programme of geological investigation and field work by our outstanding technical team,” Mr Thomas said.
“Utilising years of experience and recognition of geological signatures displayed in previous discovery zones within the Badja Project, the team has pinpointed yet another high-grade gold zone that merits detailed follow-up.
“Following the receipts of further assay results in the next four to 10 weeks, Flying Emu will be drill tested.”
Mr Thomas said the discovery hole has provided significant encouragement for the EMU team to commence preparations for a follow-up RC drill programme. The Stage 4 programme will test the strike, depth and plunge extensions at Flying Emu, seeking to replicate the results from this discovery hole.
Possibility of Economic Grades of Tungsten
The discovery intercept in 22FERC001, is located in the “saprock” oxidised portion of the weathering profile, which typically destroys the visible carbonate component of scheelite, however the drill cuttings still show minor visible fluorescing scheelite and associated magnetite in the deepest part of the gold intercept at 46 – 47m. This is a good indicator that the Flying Emu prospect potentially contains economic grades of tungsten, similar to those at Monte Cristo.
The AC drill programme, which ran concurrently with the RC drilling, also tested a parallel zone of interest 120m to the west of Flying Emu with similar geochemistry and geophysics signatures as those observed in the Flying Emu discovery zone. The results from the air-core drilling are expected over the coming weeks.
For further information please visit: https://www.emunl.com.au/
