Emerald Resources NL (ASX: EMR) ('Emerald') wishes to advise that the maiden reconnaissance drill program at the Freeman's Find Prospect located 8km south of Boundary/Neptune prospect has delivered a high-grade gold discovery including 5m @ 20.61g/t Au from 33m including 1m @ 101g/t Au from 36m (RC24FMF001) and 21m @ 3.98g/t Au from 26m including 1m @ 49.9g/t Au from 29m (RC24FMF009) over a strike length of 500m.
The initial regional program was designed to test aeromagnetic and geochemical targets, historical workings and historic RAB, VAC and RC anomalous drill results. The results to date indicate the mineralisation is open both along strike and at depth . Mineralisation is associated with quartz veining, interpreted to be striking towards the NW, and associated with regional deformation. The mineralised quartz veining is located within or proximal to a granodiorite intrusion and is surrounded by mafic basalts. To date, 1,637m (18 collars) have been completed of a planned 2,560m first pass drill program, 358m assays remain pending.
Emerald Managing Director, Morgan Hart commented; 'The Freeman's Find outstanding high grade gold discovery highlights the prospectivity of the North Laverton Gold Project which to date has had limited follow up drilling. It demonstrates that this Project has the potential to host multiple standalone deposits or satellite deposits to supply additional ore to a central milling location. 'Since we acquired a controlling interest in Bullseye, we have focussed on an initial resource definition program on the Boundary, Neptune, Stirling, Hurleys and Bungarra prospects. 'We are looking forward to our ongoing drilling program adding to these significant results ahead of releasing an Emerald maiden resource and ultimately commencing mining.'
North Laverton Gold Project (Bullseye Mining Limited (EMR: 78%)) Bullseye's North Laverton Gold Project consists of 36 exploration licences (including 5 applications) and 4 mining licences covering the majority of the Dingo Range greenstone belt with more than 800km-2 of tenure. It includes the gold mineralised prospects of Boundary, Neptune, Stirling, Hurleys and Bungarra extending over a 6.4km strike length. To date 591 collars (75,664m) of the 98,000m drilling program has been completed, of which 388 collars (60,099m) has been drilled since Emerald acquired a controlling interest in Bullseye. For further information please contact
About Emerald Resources NL
Emerald is a developer and explorer of gold projects. Emerald's Okvau Gold Mine, Cambodia was commissioned in June 2021 and in full production by September 2021. Emerald has now poured over 9,000kgs of gold dore from its operations. Emerald also holds a number of other projects in Cambodia which are made up of a combination of granted mining licences (100% owned by Emerald) and interests in joint venture agreements. Together, Emerald's interests in its Cambodian Projects covers a combined area of 1,428km-2. Emerald has a controlling interest in Bullseye Mining Limited (78%), an unlisted Australian public company with two Western Australian gold projects totalling in excess of 1,200km-2 of highly prospective gold tenure including the North Laverton Gold Project which covers in excess of 800km-2 of the entire Dingo Range greenstone belt. Emerald has a highly experienced management team, undoubtedly one of the best credentialed gold development teams in Australia with a proven history of developing projects successfully, quickly and cost effectively. They are a team of highly competent mining engineers and geologists who have overseen the successful development of gold projects in developing countries such as the Bonikro Gold Project in Cote d'Ivoire for Equigold
Forward Looking Statement
Certain statements contained in this document, including information as to the future financial or operating performance of the Company and its projects, are forward looking statements. Such forward looking statements involve known and unknown risks, uncertainties, assumptions 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 are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward looking statement. Subject to any continuing obligations under applicable law, the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking statements in this document to reflect any change in expectations in relation to any forward looking statements or any change in events, conditions or circumstances on which any such statement is based.
Competent Persons Statements
The information in this report that relates to Exploration and Drill Results from Bullseye Recent Drilling (Appendix One) and Cambodian Recent Drilling (Appendix Three) is based on information compiled by Mr Keith King, who is an employee to the Company and who is a Member of The Australasian Institute of Mining & Metallurgy. Mr Keith King has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Keith King has reviewed the contents of this release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears. Mr King has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears.
EMERALD RESOURCES NL 
