Australian mining company Emerald Resources has found “encouraging” results from a round of infill drilling at its Okvau gold project in Mondulkiri province, the company said in a filing to the ASX yesterday.
Assays from 46 drill holes showed significant gold mineralisation, increasing the company’s confidence in the project’s 1.13 million ounce resource estimate.
Emerald is currently completing its merger with the tenement’s owner, Australian miner Renaissance Minerals, which will give it full ownership of the Okvau gold project. A definitive feasibility study for the project is expected by early 2017, it added.
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