Emmerson Resources managing director Rob Bills discusses the highlights from the December 2012 quarter and the plans for 2013.
Outlook
• Althoughstill to be finalised, an aggressive exploration program is being planned for 2013. It will likely consist of ~30,000m of drilling across the three strategic areas of: 1) new sole fund targets, building on the success of using new technology such as HeliTEM; 2) continuing to build the resource inventory and; 3) regional or green fields exploration funded by Ivanhoe Australia (but managed by ERM).
• We await the assays from a number of drill holes completed in 2012, particularly the first holes underneath the historic Gecko copper deposit targeting deeper gold. Also drill holes testing for further extensions to the high grade copper at the recently discovered Goanna project.
• An early start to the 2013 season has commenced with drilling at Golden Forty South – this drilling will test for a repetition of the Golden Forty gold deposit (Golden Forty produced 57,000oz at a head grade of 12g/t), some 200m to the south and will initially consist of re-entering drill hole GFDD057 which was terminated late last year due to the wet season.
• A recalculated resource inventory for Orlando, based on recent drilling is being undertaken by an independent consultant. This updated resource is expected to be released within the next quarter.MORE
EMMERSON RESOURCES LIMITED (ERM)
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