EMC 8.00% 13.5¢ everest metals corporation ltd

Ann: VMS-focused drilling campaign progressing to plan at Rover, page-3

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    VMS-focused drilling campaign progressing to plan at Rover
    • The RC drilling team have completed around 65% of the planned 1,500m campaign,
    which is focused on eight, shallow, VMS targets along the Maynard Hills greenstone
    belt
    • The first batch of samples, covering seven drill-holes, are already at the laboratory
    being analysed – assay results are expected shortly
    • RC drilling is expected to be completed within the next 5-10 days, with the remaining
    assay results following shortly thereafter
    • Encouragingly, the eight discrete bedrock conductors being test-drilled, which were
    identified after a moving loop TEM (MLTEM) survey1, are all strongly conductive – this
    is a typical geophysical response from sulphide mineralisation
    • Exploration planning is ongoing at Creasy 1 and Harmonic Prospects, where a large
    mineralised gold system has been discovered2, as further assay analysis is being
    conducted on samples taken during the March RC drilling campaign
    CEO Ian Warland commented: “RC drilling is progressing well and should be finishing up the
    current VMS-focused campaign shortly, with assay results to follow. The eight bed-rock
    conductors being drill-tested are compelling targets, since they all delivered geophysical
    responses consistent with underlying sulphide mineralisation. From a macro perspective, TSC
    still has a significant forward pipeline of targets at the Rover Project, which highlights the upside
    potential from gold and VMS focused exploration undertaken so far.”
 
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