"Mr Nicholls concluded that there was no evidence of any modern-day exploration over the project and suggests that the historical mining may have ceased due to the hardness of the host rock. Local farmers reported to Mr Nicholls that chalcopyrite commonly appeared when drilling fence post holes.
Whilst no chalcopyrite was intersected in any of the auger drilling (for which assays are pending), the quantum of historical data, mining production figures and anecdotal information from farmers support the Company’s contention the project is highly prospective for primary copper and nickel mineralisation."
EMU Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
