- Everest Metals (EMC) completes 21 line-kilometres of deep ground penetration radar (DGPR) surveys at its Mount Edon mining lease five kilometres in WA
- Through the DGPR survey, EMC discovered 133 pegmatite-like anomalies extending more than 50 metres in depth
- EMC Chief Operating Officer Simon Phillips says the DPGR results give the “strongest imagery yet” of undiscovered pegmatite structures
- Everest has appointed a drilling contractor to kick off a reverse circulation campaign in May 2023
- EMC shares are up 2.63 per cent and trading at 7.8 cents at 10:26 am AEST
Everest Metals (EMC) has completed 21 line-kilometres of deep ground penetration radar (DGPR) geophysical surveys at its Mount Edon Mining lease, five kilometres southwest of Paynes Find in WA.
Through the DGPR survey, EMC discovered 133 pegmatite-like anomalies extending more than 50 metres in depth.
The DGPR geophysical survey comprised 19 main profiles spaced 100 metres apart, which identified several previously unrecorded LCT pegmatite and quartz-bearing veins.
EMC Chief Operating Officer Simon Phillips said the DPGR geophysical program and the resulting data had given the company the “strongest imagery yet” of numerous previously undiscovered pegmatite structures.
“The results have identified over 100 new geophysical anomalies and drilling targets,” Mr Phillips said.
“The data obtained from the DPGR has overwhelmingly supported the geological team’s
expectations as to the potential of Mt Edon, and the results have provided significantly optimised drill targets to support the RC drilling program, scheduled for commencement in the second week of May.”
EMC received program of work (POW) approval from the Department of Mines, Industry
Regulation and Safety (DMIRS) in April 2023 to move ahead with its planned drilling program at the Mt Edon mining lease.
The company has appointed a drilling contractor to kick off a reverse circulation campaign in May 2023.
EMC shares were up 2.63 per cent and trading at 7.8 cents at 10:26 am AEST.