Emu NL (ASX:EMU) has identified significant additional value with its exploration activities at the Monte Cristo prospect within its flagship Badja Gold Project near Yalgoo, Western Australia.
Multi-element assay results have been received from three of the 27 RC holes (21MC001 – 21MC003) drilled by EMU at the Monte Cristo gold prospect during 2021. Significantly, all three holes returned highly elevated tungsten assays associated with the gold mineralisation, with intercepts up to 12m @ 0.12% tungsten trioxide (WO3), including 1m @ 0.64% WO3. All of the tungsten resides within the gold mineralisation envelope at Monte Cristo.
“This is a very exciting development for EMU,” Chairman, Peter Thomas, said.
“Tungsten is both a strategic and ‘conflict’ mineral which is growing in importance around the globe due to looming supply risk and its inability to be substituted.
“We eagerly await assay results from tungsten element specific testing which are likely to be significantly higher than those reported. Monte Cristo is already a high-grade gold prospect and the addition of tungsten gives us optimism for further upside from this prospect.”
Confirmatory Analysis for Tungsten
EMU’s drill hole samples are routinely submitted for a 14 element, four-acid digest/ ICP-MS multi-element “pathfinder” suite as recommended by its geochemistry consultants, to provide vectors on potential new gold targets.
All sample analysis for this suite are completed by Nagrom Laboratories Perth, WA using the “ICP003” analytical method. The four-acid digest is considered a “near total” digest for most elements except for highly resistive minerals such as tungsten.
As such, it is likely that the values reported from the ICP003 method under-report the true tungsten grades due to the incomplete digestion of this element.
Mr Thomas said the multi-element testing completed by EMU is known to significantly under report tungsten grades therefore tungsten-specific element analysis is underway to determine the actual grades and the tungsten values confirm Monte Cristo as both a prospective gold and tungsten target.
EMU is currently conducting further element-specific testing to confirm the accuracy of the tungsten grades reported in this announcement. Multi-element assay results from the Stage 2 soil sampling programme are also pending which will assist in the planning of a follow-up RC drill programme scheduled for Q2 2022.
For further information please visit: https://www.emunl.com.au/
