EMC 4.00% 12.0¢ everest metals corporation ltd

Ann: Rover tenure extension has several prominent gold targets, page-2

  1. 25,573 Posts.
    lightbulb Created with Sketch. 1203
    Nice leaker.
    Rover tenure extension has several prominent gold targets
    The newly granted tenement at the Rover Project, which increases the footprint by
    80% to 461km2, contains three historic gold targets:

    o Anomaly 1: comprises a 2.7km long gold in soil anomaly with rock chips up to
    0.82g/t Au;

    o Anomaly 2: a 400m long gold in soil anomaly; and
    o Four Corners Quartzite: a 2km long prominent ridge of mapped quartzite outcrop,
    with similarities to Creasy 1 and Harmonic prospects

    TSC’s geology team has already started field mapping and sampling work on the new
    tenement, with the initial focus on the historic gold anomalies

    More broadly, the new ground, which expands the tenure to the north-west, covers a
    material portion of the Cook Well and Maynard Hills greenstone belts:

    o this provides TSC significant potential exploration upside for Archean gold and
    volcanic massive sulphide (VMS) style mineralisation following the discovery of
    gold-copper anomalism at the Creasy 2 prospect1

    To recap, the Maynard Hills greenstone belt on the eastern boundary, which includes
    the 20km prospective gold strike, has demonstrable known shallow economic gold
    intercepts at Creasy 1 and Harmonic prospects1

    On the western boundary, the largely unexplored Cook Well greenstone belt, which
    extends from Sandstone’s gold region through to Cobre’s Perrinvale Project,
    contains known nickel targets and is now clearly prospective for VMS anomalism
    CEO Ian Warland commented:

    “This is an exciting development for TSC as the tenure extension nearly doubles the size of
    the Rover Project and materially enhances the exploration upside for gold and base metal
    mineralisation. More significantly, we have three historic gold in soil anomalies along the
    Maynard greenstone belt that require follow-up. Encouragingly, we see evidence for the
    continuation of the Illaara shear zone into the new ground, which hosts the gold-focused
    Harmonic and Creasy 1 prospects further south in TSC’s existing ground holding. Moving
    forward, we will leverage the significant learnings gained from TSC’s successful exploration
    program so far, as initial field work commences on the new ground.”
 
watchlist Created with Sketch. Add EMC (ASX) to my watchlist
(20min delay)
Last
12.0¢
Change
-0.005(4.00%)
Mkt cap ! $19.71M
Open High Low Value Volume
12.0¢ 12.0¢ 12.0¢ $2.887K 24.06K

Buyers (Bids)

No. Vol. Price($)
5 274322 12.0¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 28571 1
View Market Depth
Last trade - 15.51pm 21/06/2024 (20 minute delay) ?
EMC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.