Managing Director, Rob Bills commented: 'first drill tests of a potentially sizeable copper-gold system'.
Phase 1 of our planned 3,000m drilling program is aimed at testing a selection of chargeable, conductive and magnetic targets within the 15km2 Kiola Geochemical Zone (KGZ), noting that there has been no deeper drilling within these zones to test for the source of the gold and copper mineralisation at depth. Emmerson, in combination with our geophysical consultants, have produced a compelling 3D model at our Kiola project in NSW. This new model suggests a connection between the surface mineralisation within the Kiola Geochemical Zone (KGZ) and a porphyry copper-gold system(s) at depth.'
Mitre Geophysics Principal Geophysicist Kate Hine commented: 'compelling geophysical anomalies'. 'The Kiola 3D model has generated some compelling drill targets which will be tested in phase 1 and assist in further refinement of the model. The Kiola MIMDAS geophysical survey produced some very strong anomalies that benefited from specialist inversion modelling. The integration of the magnetotelluric (MT) and induced polarisation (IP) data is aimed at producing the best possible understanding of the subsurface. The 3D MT model required the data to be sent to specialist MT experts in Germany for high power computations
Kiola Project - Large Scale Project with Drilling to Test Multiple Targets
Emmerson's Kiola project is ranked as high-priority within our early-stage gold-copper projects in the NSW portfolio and is centred on the 15km2 Kiola Geochemical Zone (KGZ). It encompasses favourable Ordovician age rocks that display anomalously high gold and copper geochemistry plus historic workings. Recent work has confirmed that the KGZ contains many attributes of world class porphyry gold-copper mineralisation and is divided into a northern area centred on the Nasdaq skarn and southern area around the South Pole, Kiola and Right Hand Creek mine. Emmerson's multifaceted field program has included soil and rock chip geochemistry, with rock chip samples up to 19.6g/t gold and 2.16% copper (ASX: 12 March 2020). It has also utilised aspects of the Australian Research Council (ARC) Linkage project such as 'green rock alteration' and age dating to refine the subsurface 3D model and provide vectors to the core of the copper and gold mineralisation. This has provided the framework for linking the surface geology and mineralisation within the 15km2 KGZ to a unifying model at depth. This large geophysical survey which also incorporates the reinterpretation of an existing VTEM survey (Versatile Time Domain Electromagnetic), was a significant investment which has produced some very exciting results. The copper and gold prospects at the surface are now interpretated as part of a much larger, potentially mineralised system that stretches over 5km from the Nasdaq skarn in the north to the Yards prospect in the south. This first phase of drilling will consist of four holes for a minimum 3,000 metres and is aimed at testing a variety of targets, as follows:
Contact:
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About Emmerson Resources, Tennant Creek and New South Wales
Emmerson is exploring across four early-stage gold-copper projects in NSW, identified (with our strategic alliance partner Kenex/Duke Exploration ASX:DEX) from the application of 2D and 3D predictive targeting models - aimed at increasing the probability of discovery. Duke can earn up to 10% (to pre BFS) of any project generated providing certain success milestones are met. The highly prospective Macquarie Arc in NSW hosts >80Moz gold and >13Mt copper with these resources heavily weighted to areas of outcrop or limited cover. Emmerson's five exploration projects contain many attributes of the known deposits within the Macquarie Arc but remain underexplored due to historical impediments, including overlying cover (farmlands and younger rocks) and a lack of effective historic exploration. Emmerson has a commanding land position and is exploring the Tennant Creek Mineral Field (TCMF), one of Australia's highestgrade gold and copper fields that has produced over 5.5Moz of gold and 470,000t of copper from deposits including Warrego, White Devil, Orlando, Gecko, Chariot, and Golden Forty. These high-grade deposits are highly valuable exploration targets, and to date, Emmerson's discoveries include high-grade gold at Edna Beryl and Mauretania, plus copper-gold at Goanna and Monitor. These discoveries were found utilising new technology and concepts and are the first discoveries in the TCMF for over two decades. A recent rush of new tenement applications by major and junior explorers in both NSW and Tennant Creek highlight the prospectivity of these regions for copper and gold, and Emmerson's strategic land holding.
Cautionary Statement
The Exploration Targets described above are conceptual in nature and may or may not be achieved. It must be noted that that there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Forward-Looking Statements
This document may include forward-looking statements, opinions and projections, all preliminary in nature, prepared by the Company on the basis of information developed by itself in relation to its projects. Forward-looking statements include, but are not limited to, statements concerning Emmerson Resources Limited's anticipated future events, including future resources and exploration results, and other statements that are not historical facts. When used in this document, the words such as 'could', 'estimate', 'plan,' 'expect,' 'intend,' 'may', 'potential,' 'should,' 'believe', 'anticipates', 'predict', 'goals', 'targets', 'aims', 'outlook', 'guidance', 'forecasts', 'may', 'will', 'would' or 'should' or, in each case, their negative or other variations or similar expressions are forward-looking statements. By their nature, such statements involve known and unknown risks, assumptions, uncertainties, and other important factors, many of which are beyond the control of the Company, and which may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Forward-looking statements speak only as at the date of this document and the Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Forward-looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. No representation is made that any of these statements or projections will come to pass or that any forecast result will be achieved, nor as to their accuracy, completeness or correctness. Similarly, no representation is given that the assumptions upon which forward looking statements may be based are reasonable. Given these uncertainties, investors should not place undue reliance on forward-looking statements. The Company cautions investors against using this announcement solely as a basis for investment decisions without regard for this disclaimer.
TRUE NORTH COPPER LIMITED 
