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Diamond Drilling Unveils Promising DeGrussa Style Mineralised System at Revere Gold Project — ASX:EMC| ASX Mining News & Discussion
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Lykeshares
3y
Official
$EMC
Diamond Drilling Unveils Promising DeGrussa Style Mineralised System at Revere Gold Project
A targeted VTEM diamond drilling program conducted at the Revere Gold Project has successfully penetrated a DeGrussa style mineralised system. The exploration efforts, which covered an extensive 8.5km target area, yielded promising results with significant concentrations of copper and zinc discovered at varying intersections.
Three diamond drill holes, totalling 1038 meters, were completed as part of the program. The drilling results revealed the presence of mafic breccia, volcaniclastics, shales, and various mineralised zones rich in chalcopyrite, sphalerite, and pyrrhotite/pyrite. Portable XRF results indicated copper concentrations of up to 5.7% and zinc concentrations of up to 4.2% at different intervals.
Currently, the core samples obtained from the drilling are being prepared for assay, which will provide a more detailed analysis of the mineral content and potential economic viability of the mineralised system. Additionally, an expedited downhole electromagnetic survey has been conducted, and the results are eagerly awaited to guide the next phase of
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drilling.
The Chief Operating Officer, Simon Philips, expressed excitement about the drilling results at the Revere Gold Project. He emphasised the significance of drilling into such a large mineralised system on the first pass, highlighting the immense potential of the target area. The initial three diamond drill holes were specifically designed to test electromagnetic conductors identified as potential volcanic-hosted massive sulphides at depth. The geological sequences observed bear striking similarities to the Sandfire (ASX: SFR) DeGrussa VHMS deposit, amplifying the geological importance of the findings.
Looking ahead, the upcoming assay results and downhole electromagnetic surveys will provide crucial insights for further exploration and testing of the mineralised system. To accelerate the extension of the current program, additional drilling rig mobilisation is already underway.
The identification of a DeGrussa style mineralised system at the Revere Gold Project marks a significant breakthrough for the exploration efforts in the area. The presence of substantial copper and zinc concentrations, along with geological similarities to well-known deposits, paves the way for further investigations and potential economic opportunities.
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L
Lykeshares
154d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
154d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
1y
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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