Exploration for the 2023 season has begun on Emergent Metals’ (TSXV: EMR) New York Canyon property, found east of Hawthorne, Nevada. A drill program is now said to be underway, will rigs already having been mobilized.
Drilling is currently focused on the South Block of the property, which is said to be prospective for copper porphyry and skarn mineralization. Initial test work is to be focused southeast of the Copper Queen area, where in 2021 the firm encountered 101.89 metres of 0.35% copper equivalent.
An initial hole is set to be drilled to a depth of 600 metres, after which results will be assessed for potential further holes to test the extensions of the target.
Sponsored · Altamira Gold Corp.
At the North Block, exploration is set to consist of geologic, structural, and alteration mapping, as well as rock chip and soil sampling, before drill testing later in the season. Access roads and drill pads are still required to be established for the planned 2023 drill program, which is to test the Emma porphyry-skarn target.
READ: Emergent Metals Makes Copper Discovery At New York Canyon
An initial test hole is slated to be drilled to a depth of 500 metres at the Emma target, with potential drilling for the remainder of the year to be based on the results of that hole. The target was found following rock chip and soil sampling conducted on the property under the 2022 exploration program, with that sampling program seeing assays as high as 14.75% copper, while 41 samples averaged 1.7% copper, 300 ppb gold, 39.74 ppm silver, 49.9 ppm molybdenum, 24.7 ppm lead, and 1,007 ppm zinc.
Exploration of the New York Canyon property is to be carried out by Kennecott Exploration, a subsidiary of Rio Tinto, under an option agreement the two parties entered into in 2020. Kennecott currently has the option to acquire a 75% interest in the property by spending US$22.5 million in exploration, of which to date US$5.2 million has been spent.
Emergent Metals last traded at $0.18 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.
