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Emerald Resources (ASX: $EMR) discovers high grade gold at Freeman's Find prospect

Emerald Resources NL announces high grade gold discovery


Emerald Resources NL (ASX: $EMR) has announced a significant high grade gold discovery at the Freeman's Find Prospect, located 8km south of Boundary/Neptune Prospects. The discovery includes notable results such as 5m @ 20.61g/t Au from 33m and 21m @ 3.98g/t Au from 26m. The initial regional program was designed to test aeromagnetic and geochemical targets, historical workings, and historic drill results. The mineralisation is open both along strike and at depth, with 358m assays remaining pending.

Executive Commentary on Freeman's Find Prospect Discovery


The Freeman's Find outstanding high grade gold discovery highlights the prospectivity of the North Laverton Gold Project. 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 various prospects and are looking forward to our ongoing drilling program adding to these significant results ahead of releasing an Emerald maiden resource and ultimately commencing mining.

Summary of Emerald Resources NL Announcement


Emerald Resources NL (ASX: $EMR) has made a significant high grade gold discovery at the Freeman's Find Prospect, indicating the potential for multiple standalone deposits or satellite deposits at the North Laverton Gold Project. The mineralisation is open both along strike and at depth, with pending assays. The company is looking forward to the ongoing drilling program adding to these significant results ahead of releasing an Emerald maiden resource and ultimately commencing mining. This discovery further enhances the prospectivity of the North Laverton Gold Project and aligns with the company's ambitions for resource growth and development.

EMERALD RESOURCES NL
EMR | ASX | Materials
3.670.02(+0.55%)
At close 05/07 (AEDT)
Market cap
$2.4B
Volume
815,577
DY Yield
0
PE Ratio
26.16
52 Week Range
2.01 - 3.96
1YR Return
40,677.778%

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