- Emmerson Resources (ERM) intersects bonanza-grade gold and silver from the Mauretania Project in Tennant Creek, Northern Territory
- This is only one of three holes that have intersected gold mineralisation at the project
- Overall, grades peaked at 135.5 grams of gold per tonne (g/t) gold, 47g/t silver and 0.6 per cent bismuth
- Reverse circulation drilling will now be carried out to establish the extent of the mineralisation
- Emmerson is up 11.1 per cent on the market with shares trading at 7.5 cents at 1:04 pm AEST
Emmerson Resources (ERM) has intersected bonanza-grade gold and silver from the Mauretania Project in Tennant Creek, Northern Territory.
Mauretania lies within the Northern Project Area (MPA) of the Tennant Creek Mineral Field (TCMF) where previous drilling has been focused on shallow oxide mineralisation.
Diamond hole MTDD010, which intersected the bonanza grade gold and silver, was prematurely terminated at 106 metres due to the upcoming wet season.
It has now been completed and is only one of three holes that has intersected gold mineralisation at the project.
Results include 3.95 metres at 57 grams of gold per tonne (g/t), 0.22 per cent bismuth, 20.6g/t silver and 0.23 per cent copper from 207 metres, including one metre at 102g/t gold, 47g/t silver and 0.6 per cent bismuth as well as 0.8 metres at 135.5g/t gold, 40.2g/t silver and 0.34 per cent bismuth.
Ten step-out reverse circulation (RC) holes will now be drilled to establish the lateral extent of the upper oxide mineralisation.
Geotechnical drilling will also be undertaken to feed into the final pit design.
Assay results from the remainder of the program are expected in late July to early August.
Managing Director Rob Bills commented: “This first drill intersection in the current program demonstrates the unexplored potential beneath the known oxide-gold mineralisation at Mauretania.
“Once all the assay results are received, further drilling will be planned to test for extensions of this primary mineralisation that is open in all directions but likely controlled by the west-northwest and east-northeast faults.”
Emmerson was up 11.1 per cent on the market with shares trading at 7.5 cents at 1:04 pm AEST.