Emerick Resources Corp.

Emerick Resources Corp.

July 23, 2009 12:05 ET

Emerick to Commence Drilling at Grew Creek Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 23, 2009) - Mr. Simon Ridgway, the Chairman of Emerick Resources Corp. (TSX VENTURE:ERC) is pleased to announce that drilling is about to begin at the Company's Grew Creek epithermal gold project in central Yukon Territory close to the towns of Faro and Ross River.

The drill program will consist of at least 1,000 metres in 6 holes, testing various geochemical targets developed by Al Carlos at the Rat Creek, Sleeper and Barium zones, and as recommended by Robert W. Stroshein, P. Eng. (Yukon) of Protore Geological Services in Whitehorse in a May 2008 NI43-101 report on the project.

Gold mineralization occurs as quartz-vein and vein stock-work within permeable felsic pyroclastic tuffs contained within a graben structure formed by the Tintina Fault System.

Historical drilling at Grew Creek 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 g/t Au and 144.4g/t Ag.

- Hole GC-96-196: 17.0 metres grading 28.55 g/t Au and 22.8 g/t Ag.

- Hole GC-87-39: 6.0 metres grading 54.9 g/t Au and 54.5 g/t Ag.

(Note: The widths reported are the length of the drill core intersection as the true orientation of the mineralization has not been confidently established.)

The mineralization is typical of epithermal-type deposits, with a strongly developed alteration system, and the gold occurs as micron sized grains with a quartzadularia vein and vein stock work. The mineralization is steeply dipping and has been disrupted by post mineralization faulting related to ongoing movement of the Tintina Fault System. Banded veins and vein stock work mineralization appears to preferentially fill extensional openings and soak into the enclosing permeable tuffs.

Emerick has an option to acquire 100% of the Grew Creek project from Allen Carlos, subject to a 3-per-cent net smelter royalty. Under the terms of the agreement, the Company will acquire a 100% interest in the property by paying the optionor $350,000, issuing 300,000 shares of the Company and incurring exploration expenditures of $2.75-million, all over a 52-month period. $25,000 and 50,000 shares have been paid to date.

Qualified Person

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.


Simon Ridgway, Chairman

Shares Issued: 11.1-million

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Emerick Resources Corp.
    Ralph Rushton
    Investor Relations
    Emerick Resources Corp.
    Erin Ostrom
    Investor Relations
    604-662-8829 (FAX)