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Emmerson Resources welcomes expanded joint venture with TCMG at Tennant Creek

Emmerson Resources welcomes expanded joint venture with TCMG at Tennant Creek
Emmerson Resources Limited s (ASX:ERM) Rob Bills tells Proactive they ve extended its joint venture with Tennant Consolidated Mining Group (TCMG) to include the Southern Project Area (SPA) of its Tennant Creek landholding. Together, Emmerson and TCMG will now advance exploration across the northern and southern sections of the Tennant Creek Mineral Field, bringing Emmerson’s gold and copper assets a step closer to production.
Quick facts: Emmerson Resources Ltd
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FTSE 100 dips into the red, as UK borrowing hits second highest April level on record

FTSE 100 virtually flat, as UK borrowing jumps and retail survey disappoints
London’s blue-chip shares index struggles for direction after economic data
FTSE 100 barely changed
UK public finances scarred by pandemic costs
11.22am: Demand short-lived after shops re-open
Retail sales were below expectations in recent weeks, according to the the latest CBI Distributive Trades survey.
Volume of sales was +18 between the end of April and the middle of May, a period when retailers were open but the hospitality and leisure rules had not been fully relaxed.
This was down from +20 previously.

UK CBI Total Distributed Reported Sales May: 43 (prev 30)
LiveSquawk (@LiveSquawk) May 25, 2021 ....

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S&P/ASX 200 lifts 0.65% as consumer confidence rises to 19-month high

S&P/ASX 200 lifts 0.65% as consumer confidence rises to 19-month high
Companies
S&P/ASX 200 lifts 0.65% as consumer confidence rises to 19-month high
Brent crude oil futures for July gained 2.9% to US$68.40 a barrel after a new deal to lift sanctions against Iran became less likely than it was last week.
Mizuho’s Bob Yawger said, “The Iranians and western powers cannot get the details worked out that will get this deal signed and delivered.”
S&P/ASX 200 (INDEXASX:XJO) has lifted 0.65% to 7091.7 points by about 1 pm following a strong lead from Wall Street.
The mood is upbeat as the weekly ANZ-Roy Morgan consumer confidence rating rose by 1.5% to a 19-month high of 114.2 (long-run average since 1990 is 112.6). ....

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Emmerson Resources Limited higher on striking high-grade near-surface gold at Blake Snake in Tennant Creek JV

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; ....

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FTSE 100 edges lower while Wall Street slips from best levels after mixed US economic data

FTSE 100 ends lower while Wall Street slips from best levels after mixed US economic data
The UK blue-chip index drifted to a negative finish, while US investors try to assess the latest housing and confidence figures
Commodity companies lose ground
US stocks lose nearly all their early gains
UK public finances scarred by pandemic costs
5.02pm: FTSE softly lower at market close
The FTSE 100 closed Tuesday down 22 points, 0.3%, at 7,030, while the FTSE 250 shed 45 points, 0.2%, to 22,439.
The DAX has been the outperformer on a largely slow day, with the German Ifo hitting a two-year high, IG Senior Market Analyst Joshua Mahony wrote. On the UK front, reflation stocks have performed well, while miners continue to lose ground. ....

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