Memot Gold Project

In January 2021 Emerald was granted an exploration licence for 107km² of a highly prospective area for gold exploration located ~100km to the south-west of the Okvau Gold Project.

The Memot Gold Project is considered highly complementary to Emerald’s tenement portfolio and consistent with the Company’s stated aim of increasing our footprint of prospective assets in Cambodia.

With historic and ongoing artisanal workings within the tenement area and strong indications of significant gold mineralisation, Emerald commenced an initial exploration program of diamond drilling 14,826m. This was supported by chip sampling as well as geophysical surveying.

Since the initial campaign further drilling has focused on infilling and extending the mineralisation proximally and within and beyond the known mineralisation.

This has included testing the edges of the known mineralisation and results indicate the mineralisation is open and untested in all directions.

Mineralisation is open along strike to the north-west and south-east and down dip to the north-east. This coincides with a significant gold and copper insoil anomaly indicating the known gold results are part of a potentially larger mineralised system.

The mineralisation is associated with multiple high-grade, narrow, stacked quartz vein sets, dipping shallowly to the north-east with current interpreted strike length of 650m. Additional drilling is required before the estimation of a maiden resource and reserve calculation with extensional drilling to be undertaken as access allows.

The Memot Gold Project is now the most advanced exploration project in Emerald’s suite of Cambodian assets with full production potential.