RE: RNS7 Jan 2025 09:26
The RNS issued on 31st October provides further context for today’s, in particular this bit:” Gold mineralisation at Yarrol has several geological expressions, including IRGS-type vein swarms developed in and around Permian-aged dioritic intrusions, as well as sediment-hosted gold mineralisation. Elsewhere on the property, mineralisation appears to be developed along cross structures that intersect the regional structural trends.
There is significant upside potential that exists along the 10-15-kilometre trend of gold mineralisation that has been historically under-explored. EMX re-processed the historical geophysical data from the project area, which highlighted additional targets along strike of, and below, the historically defined zones of mineralisation.
Exploration programmes conducted by EMX in 2021 included the collection of 544 soil samples, which identified two new gold-in-soil anomalies. The northern anomaly, known as the Limestone Creek area, lies approximately five kilometres northwest of the historical Yarrol gold resources. This new anomaly has dimensions of 200 by 600 metres, with the strongest results along the southernmost line. The area was identified as a target by EMX on the basis of magnetic inversion geophysical models, previous geochemical results and the presence of numerous historical prospecting pits. The Limestone Creek anomaly also coincides with a zone of albite-silica-goethite alteration developed adjacent to a monzonite porphyry and remains open to the south. The anomaly has a scale and tenor that resembles those over the historical gold resources on the Yarrol Project.
Other gold-in-soil anomalies have been delineated immediately northwest of the historical Yarrol resources, along a contact zone between geological formations within folded and faulted sediments, which also merit follow-up exploration.”
They have really picked up a bargain here and are getting stuck in to Yarrol with a vengeance, whilst having zero spend in Kathleen Valley as Liontown do all the work.
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