Emmerson Resources Limited announced drilling underway for copper-gold at Kiola NSW. Emmerson's Kiola project is ranked as high-priority within our early-stage gold-copper projects in the NSW portfolio and is centred on the 15km2 Kiola Geochemical Zone (KGZ). It encompasses favourable Ordovician age rocks that display anomalously high gold and copper geochemistry plus historic workings.

Recent work has confirmed that the KGZ contains many attributes of world class porphyry gold-copper mineralisation and is divided into a northern area centred on the Nasdaq skarn and southern area around the South Pole, Kiola and Right Hand Creek mine. Emmerson's multifaceted field program has included soil and rock chip geochemistry, with rock chip samples up to 19.6g/t gold and 2.16% copper. It has also utilised aspects of the Australian Research Council (ARC) Linkage project such as "green rock alteration" and age dating to refine the subsurface 3D model and provide vectors to the core of the copper and gold mineralisation.

This has provided the framework for linking the surface geology and mineralisation within the 15km2 KGZ to a unifying model at depth. This large geophysical survey which also incorporates the reinterpretation of an existing VTEM survey (Versatile Time Domain Electromagnetic), was a significant investment which has produced some very exciting results. The copper and gold prospects at the surface are now interpretated as part of a much larger, potentially mineralised system that stretches over 5km from the Nasdaq skarn in the north to the Yards prospect in the south.

Shallow historic drilling in this area has intersected copper and gold (KRC014: 6m at 0.2g/t gold from 36m and 24m at 0.16% copper from 16m) in a shallow reverse circulation drill hole. Drill hole (KProp1) will test a large, very strong, depth extensive chargeable and conductive zone that includes a VTEM anomaly at the surface. Whilst the proposed depth is 850m, the hole may be extended based on intersecting favourable geology and mineralisation.

Keeping in mind that these porphyry copper-gold systems can be mined economically well below 1km from the surface - providing they are of the appropriate scale and grade. This is a new target that has seen no previous drilling and has very limited surface outcrop. It consists of a depth extensive, very large chargeable anomaly, that sits ~500m SW of the Dolly's North magnetic anomaly and adjacent to a deeper 3D magnetic model.