- After success at its Gnows Nest Project, Emu (EMU) has begun on-ground geochemical exploration work at three projects in WA
- Emu will conduct auger and soil geochemistry work at the Viper, Graceland and 8 Mile Dam projects — all of which have shown indications for copper, nickel and mafic-ultramafic intrusions
- This exploration work will target copper, nickel and platinum group element mineralisation
- Depending on the results, Emu will conduct follow-up geophysics and drilling
- Emu’s shares closed 20.5 per cent in the red, trading at 6.2 cents
Emu (EMU) has begun on-ground systematic geochemical exploration work at its Viper, Graceland and 8 Mile Dam projects in Western Australia.
The priority to focus on groundwork at its assets follows the success of drilling at the Gnows Nest Project, also in WA.
At the start of this week, Emu received the first batch of assays from maiden drilling at Gnows Nest which confirmed high-grade gold mineralisation.
“The recently acquired Graceland and Viper projects, along with our 8 Mile Dam Project, will be tested by a comprehensive geochemistry program targeting copper, nickel and platinum group element mineralisation,” Chairman Peter Thomas said.
The Viper Project is located eight kilometres from Jerramungup and covers 122.5 square kilometres.
The project is centred on the historic and high-grade Netty Copper Mine. However, the surrounding area has never seen detailed exploration. Still, it is believed to be prospective for copper and nickel.
Emu will conduct an auger soil geochemistry sampling program to test its prospectivity.
The Graceland Project is located 40 kilometres southeast of Hyden, in the Wheatbelt region. It covers a five-kilometre-long north–south trending magnetic feature coincident with a gravity anomaly that’s interpreted as a mafic-ultramafic intrusion.
Emu is further encouraged by Golden Mile Resources’ (G88) Quicksilver nickel-laterite discovery overlying ultramafic rocks just seven kilometres west of Graceland.
Modelling conducted at the project last year outlined 10 magnetic plates at depths of between 70 and 120 metres.
The company will follow this up with auger geochemistry work across the magnetic anomaly.
8 Mile Dam
The 8 Mile Dam Project is situated 20 kilometres southwest of Menzies in the Goldfields region of WA.
Emu plans to undertake an auger program to test the prospectivity of the interpreted remnant mafic-ultramafic sequence that was intersected by previous drilling.
Significantly, this marks Emu’s first on-ground geochemical program at the project, which follows a reconnaissance visit by Emu’s geologists in August 2020.
The results from this program will be used to identify geochemical anomalism to see whether further geophysics and drilling is warranted.
“Emu anticipates that successful results, if any, will immediately transition to follow-up geophysical and RC drilling programs,” Peter concluded.
Emu’s shares closed 20.5 per cent in the red, trading at 6.2 cents.