Emergent Announces Commencement of 2023 Drill Program at New York Canyon, NV

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[{"type":"text","content":"Emergent Announces Commencement of 2023 Drill Program at New York Canyon, NVVANCOUVER, BC / ACCESSWIRE / April 3, 2023 / Emergent Metals Corp. (TSXV:EMR)(OTC PINK:EGMCF)(FRA:EML)(BSE:EML) (\"Emergent\" or the \"Company\") is pleased to announce that Kennecott Exploration Company (\"KEX\"), a subsidiary of Rio Tinto Group (LSE: RIO), has mobilized and has commenced drilling activities on the New York Canyon Property, NV (\"New York Canyon\" or the \"Property\"). New York Canyon is subject to an Earn-In with Option to Joint Venture Agreement (the \"Agreement\") between Emergent and KEX. KEX has options to earn a up to a 75% interest in the Property by completing up to US$22.5 million in exploration expenditures. The Property hosts a number of copper porphyry and skarn exploration targets.About the NYC PropertyNYC is located 30 miles east of Hawthorne, Nevada. The Property, subject to the Agreement, consists of 21 patented claims and 152 unpatented claims owned by Emergent and 265 unpatented claims owned by KEX., for a total of 21 patented claims and 417 unpatented claims (3,520 ha or 8,700 acres in size). The claims are located in two blocks, North and South. The North Block (the \"North Block\"), subject to the Agreement, consists of 27 unpatented claims. The South Block (the \"South Block\"), subject to the Agreement, consists of 21 patented claims and 390 unpatented claims.The South Block hosts the Longshot Ridge, Copper Queen, and Champion copper porphyry and skarn exploration targets. The North Block hosts the newly discovered Emma copper porphyry and skarn exploration target (see January 26, 2023, press release entitled \"Emergent Metals Discovers New Copper Target\" for additional details). To date, all the exploration targets at NYC have been found on claims subject to the Agreement.KEX has staked an additional 257 unpatented claims around the North Block (the \"North Buffer Claims\") and 110 unpatented claims around the South Block (the \"South Buffer Claims\"), for an additional 367 unpatented claims. These additional claims do not fall under the Agreement and are outside the Area of Influence that is part of the Agreement. This brings the total number of claims that make up the New York Canyon Property to 21 patented claims and 784 unpatented claims, or approximately 6,350 ha (15,700 acres).Plans for the 2023 Exploratio...

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