What drilling results did Emu report to send shares flying?
In today’s ASX release, Emu reported its maiden drilling program has confirmed and extended the high-grade gold mineralisation zone at its recently acquired Monte Cristo Gold prospect and its Gnows Nest Gold prospect.
To date, the company has received assay results from 33 drill holes, or 3,700 metres of its 9,000-metre reverse circulation (RC) drilling program at the project. Extensions to the high-grade gold lode were confirmed both at depth and along strike at Gnows Nest and Monte Cristo.
Emu stated that extensional drilling continues at its Gnows Nest prospect. The company expects to finalise the drill program by the end of February with additional assay results coming over the next 6 weeks.
Commenting on the promising drill results, Emu’s Chairman, Peter Thomas said:
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