Emergent Metals Makes Copper Discovery At New York Canyon

Emergent Metals (TSXV: EMR) has made a new discovery at its New York Canyon Property, found in Nevada. The company this morning is reporting that recent exploration conducted on the property has identified a new copper target, referred to as the Emma Target.

The new target is found on the north block of claims for the New York Canyon property, and covers an area measuring 1,650 metres by 1,400 metres, while remaining open in all directions. The target was discovered via several exploration methods, including rock chip sampling, soil sampling, and magnetic surveys.

A total of 41 rock chip samples were collected from the target, 20 of which had grades higher than 1.00% copper, with one sample returning a value of 14.75% copper, 5.78 g/t gold and 589 g/t silver. Three samples meanwhile saw gold grades higher than 1.00 g/t, and fifteen samples reported silver grades above 1.00 g/t.

READ: Emergent Metals To Conduct 4,000 Metre Drill Program At Trecesson Property

Soil sampling meanwhile saw 41 samples collected as well, of which 17 had copper content in excess of 500 ppm. Four soil samples meanwhile had silver grades beyond 1.0 g/t silver.

Geology at the target is said to be similar to three other copper targets on the property, which contain copper skarn mineralization as well as copper porphyry mineralization.

The discovery was made by Kennecott Exploration, a subsidiary of Rio Tinto, whom is currently conducting exploration on the property. An earn-in option agreement currently exists, whereby Kennecott can earn up to a 75% stake in the property by spending US$22.5 million in exploration on the North and South blocks of the property. To date, an estimated US$5.24 million has been spent, with the company having until February 2025 to exercise the first option under the arrangement.

READ: Emergent Metals: Gold Hunting In Nevada & Quebec

“Emergent is extremely excited by KEX’s discovery of the Emma target at NYC. The rock chip and soil sampling results, along with alteration mapping and geophysics, indicate potential for a porphyry and skarn deposits to be found on the North Block, which has previously been unexplored by either Emergent or KEX. KEX has already completed permitting to test this target, with diamond core drilling planned in the first quarter of 2023,” commented Emergent CEO David Watkinson on discovery.

Emergent Metals last traded at $0.365 on the TSX Venture.


FULL DISCLOSURE: Emergent Metals is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Emergent Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Emergent Metals To Conduct Flow Through Financing

Emergent Metals (TSXV: EMR) last night indicated it is looking to raise funds for further...

Tuesday, December 6, 2022, 08:44:26 AM

Emergent Metals Options Mindora Property To Lahontan Gold

Emergent Metals (TSXV: EMR) has elected to option out its Mindora Property in Nevada....
Friday, July 21, 2023, 10:47:58 AM

Will There Be A New Currency Backed by Gold? — With David Watkinson of Emergent Metals

Joining us today on the Daily Dive for the first time is David Watkinson, CEO...

Tuesday, February 21, 2023, 01:30:00 PM

Emergent Metals Hits 19.96 g/t Gold Over 1.1 Metres

The results are in for Emergent Metals (TSXV: EMR) recently completed phase one drill program,...

Monday, April 17, 2023, 08:01:59 AM

Emergent Metals Sees Drilling Commence At New York Canyon Property

Exploration for the 2023 season has begun on Emergent Metals’ (TSXV: EMR) New York Canyon...

Monday, April 3, 2023, 08:35:31 AM