VANCOUVER, Oct. 1 /CNW/ - Mr. Simon Ridgway, the Chairman of Emerick Resources Corp. (TSX-V: ERC), is pleased to provide an update on the drilling at the Company's Grew Creek epithermal gold project in central Yukon Territory.
The Company has completed the planned program, drilling approximately 1,600m in 9 holes to test the Sleeper, RAT and Barium zones. Preliminary gold results are expected shortly.
Gold mineralization at Grew Creek occurs as quartz-vein and vein stock-work in permeable felsic pyroclastic tuffs contained within a graben structure formed by the Tintina fault system.
Historical drilling by various companies (the results of which have not been verified by Emerick and should therefore not be relied upon) returned a number of high-grade intersections from mineralization hosted within interpreted vent breccias, including:
- Hole GC-88-29: 33.0 metres, grading 22.07 grams per tonne gold and
144.4 grams per tonne silver;
- Hole GC-96-196: 17.0 metres, grading 28.55 grams per tonne gold and
22.8 grams per tonne silver;
- Hole GC-87-39: 6.0 metres, grading 54.9 grams per tonne gold and
54.5 grams per tonne silver.
(Note: The widths reported are the length of the drill core intersection
as the true orientation of the mineralization has not been confidently
The Company also announces that Ralph Rushton, M.Sc. was recently appointed President and CEO of Emerick, replacing David Formosa who remains as a Director. Mr. Rushton has nearly 20 years' experience in the mining and exploration industry. He has a B.Sc. in geology from Portsmouth University in the UK, a Master's degree in economic geology from the University of Alberta, Canada, and a Certificate in Business Communications from Simon Fraser University.
In 1988, Mr. Rushton spent a summer working on the Grew Creek project as part of the research towards his master's degree. Much of his industrial experience was gained working as a geologist for the Anglo American group in Southern Africa, the Middle East and Eastern Europe. For the last 7 years he has worked in investor relations and business development for Radius Gold and was part of the team that established and financed Northland Resources.
The Board would like to thank Mr. Formosa for his valuable contribution to the development of Emerick and look forward to his continued participation as a director.
David Cass, a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a Qualified Person in accordance with National Instrument 43-101, has verified that the technical information in this release is an accurate summary of the information provided to Emerick.
ON BEHALF OF THE BOARD
Simon Ridgway, Chairman
Shares Issued: 11.4-million
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release
SOURCE Emerick Resources Corp.
For further information: For further information: Investor relations: Erin Ostrom, tel: (604) 801-5432