- eMetals (EMT) intersects high-grade at the Twin Hills Project in Western Australia
- A follow up reverse circulation drilling program returned grades of up to 113.47g/t gold within a five-metre interval grading at 23.67g/t gold
- The company says these results are highly encouraging as they point towards the potential for economic gold mineralisation
- eMetals plans to conduct further exploration to follow up on these results and define the orientation, continuity and depth of the high-grade gold
- Company shares were up 5.56 per cent to trade at 1.9 cents
eMetals (EMT) has received results from drilling at the Twin Hills Project in Western Australia.
The company undertook reverse circulation (RC) drilling in February and then drilled a further 25 aircore holes based on the mineralisation discovered.
To follow up on the initial RC program, eMetals drilled six holes, for 550 metres, to test immediately around the discovery holes.
The best RC result came from hole THRC021 which returned five metres at 23.67 grams of gold per tonne (g/t) including one metre at 113.47g/t gold from 62 metres.
Additional results include one metre at 1.22g/t gold from 32 metres and two metres at 0.84g/t gold from 88 metres.
According to eMetals, the assays show a 'sizeable footprint' of anomalous gold with significant volumes of rock exceeding 100 parts per billion gold.
Company Director Mathew Walker was pleased to have discovered high-grade gold.
"eMetals is excited by the discovery of high-grade gold on the Twin Hills exploration licence which has demonstrated the potential of the tenement for economic gold mineralisation."
The company plans to conduct further work to follow up on these results and define the orientation, continuity and depth of the high-grade gold.
This work will include infill and extensional drilling along the southern and northern extent of THRC021.
Company shares were up 5.56 per cent to trade at 1.9 cents at 11:48 am AEST.