EMU latest junior to make mark with porphyry systems in the north

Junior miners drilling porphyry copper systems are making their presence felt in North Queensland. Perth-based EMU NL is the latest to advise the Australian Stock Exchange on exploration developments. This one is at the company’s Yataga copper project near Georgetown in the Gulf of Carpentaria. Main image: l-r Senior Geologist Cisco Montes and Geologist Thomas Simmonds at the Emu NL Yataga Copper Project north of Georgetown QLD EMU has advised the ASX that recent surface geochemical surveys have updated EMU's geological modelling and identified intra-pluton porphyry copper centres close to surface at the project. Yataga copper project, north of Georgetown. EMU's consultants had advised that these porphyry centres are concentrated along a ‘structural belt’ and modelled to be near surface, the company said in a statement. Their advice is that the unusual character of these intra-pluton copper centres may be analogous to the Highland Valley copper mine, where a series of porphyry copper deposits host Canada's largest open-pit copper mine, which produced more than 130kt in 2021, it said. Townsville-based consulting geologist Dr Gregg Morrison has been appointed technical advisor to the project. His authority and significant knowledge of the metallogenic systems of northern Queensland added substantial value to the developing discovery, the company said. EMU's recent work has identified a combined area of 8sq km of copper-in-soil anomalism with significant potential for expansion. Additional works include a 220-line km airborne electromagnetic survey (results pending) and a 20-line km ground-based Pole-Dipole Induced Polarisation (PDIP) and Magnetotelluric (MT) survey. These geochemistry and geophysics survey results would provide an optimised low-risk drilling program to be carried out in the near future, the company said. While it was still early days, results from EMU's field work continued to provide encouragement that this project had the potential to be a global Tier 1 scale copper discovery, chief executive officer Doug Grewar said. “EMU has undertaken a meticulous, methodical and measured exploration program guided by the best available expertise," Mr Grewar said. “EMU has carried out important geophysical and geochemical survey work that is assisting geological assessment of what appears to be high grade surface mineralisation indicating the presence of multiple Cu-bearing intrusive centres close to surface. “EMU is determined to do a professional job driven by fundamentals and first principles. “Accordingly, EMU remains focused on establishing sound compelling drill vectors that give the project its best chances of success."

EMU latest junior to make mark with porphyry systems in the north

Industry Queensland

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