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 Rob Bills talks 2021 value drivers and start of Tennant Creek drilling
Emmerson Resources Limited s (ASX:ERM) Rob Bills caught up with Proactive s Andrew Scott soon after announcing they ve started, along with joint venture partner TCMG, a 1700 metre diamond and reverse circulation drilling program seeking further high-grade gold at the Tennant Creek Project. The program, which is fully funded by TCMG, is focused on the high-grade Mauretania and West Gibbet projects with assay results expected in July.
Quick facts: Emmerson Resources Ltd
Price: 0.073 AUD