Emmerson Resources Ltd builds strong relationships to boost economy of Barkly region in Northern Territory
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Emmerson Resources Ltd s future looks golden on the back of extended JV with TCMG and bonanza hits at Mauretania
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Emmerson Resources higher on striking high-grade near-surface gold at Blake Snake in Tennant Creek JV
The company and joint venture partner Tennant Consolidated Mining Group are planning an increasingly drill intensive program over the five-year earn-in period. The results confirm high-grade near-surface gold mineralisation - enhancing the potential for open pit mining.
Emmerson Resources Limited (ASX:ERM) (FRA:42E) is trading higher after delivering new high-grade gold results from drilling at Black Snake prospects within the Tennant Creek joint venture in the Northern Territory.
Results include:
8 metres at 15 g/t gold from 16 metres including 4 metres at 24.4 g/t;
9 metres at 7.96 g/t from 6 metres including 1-metre at 54 g/t;
Emmerson Resources continues strong progress across pipeline of projects in Northern Territory and New South Wales
High-grade gold and copper from drilling at Mauretania at Tennant Creek has enhanced future open pit development potential. The company had a cash balance of $5.8 million as at March 31.
Emmerson Resources Ltd (ASX:ERM) continues to make strong progress across its pipeline of Northern Territory exploration projects with funds generated by low-risk royalty streams.
After further progress during the March quarter, the company is preparing for new drill programs following the end of the northern wet season.
The company is also advancing exploration at its suite of highly prospective projects in the gold-copper prolific Lachlan Fold Belt of New South Wales.