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- Emmerson Resources (ERM) is trading up over 140 per cent, after it intersected strong continuous copper mineralisation at its Hermitage project in Tennant Creek
- Four reverse circulation (RC) holes were drilled by Emmerson in this program, testing an area approximately 200 metres east-west
- Significantly, the company explained, it hit 117 metres at 3.38 per cent copper from 75 metres
- Hermitage has not seen any systematic, modern exploration, with the last exploration efforts ending in the 1990’s with further assays pending
- Shares in Emmerson Resources have been up 143.2 per cent trading at 18 cents
Emmerson Resources (ERM) is trading up over 140 per cent, after it intersected strong continuous copper mineralisation at its Hermitage project in Tennant Creek.
Hermitage is one of a cluster of 100 per cent Emmerson owned prospects on granted mining leases that occurs within the northern corridor at Tennant Creek.
The company says four reverse circulation (RC) holes were drilled in the program testing an area approximately 200 metres east-west.
Significantly, the company explained, it hit 117 metres at 3.38 per cent copper from 75 metres. Intersects also saw grades of up to 7.26 per cent copper and 17.6 grams of gold per tonne.
“These results are some of the best seen in the Tennant Creek Mineral Field as they reflect very extensive, high-grade copper mineralisation, with intervals of high-grade gold and cobalt – all associated with iron-oxides of hematite and magnetite,” MD Rob Bills said.
According to Emmerson, Hermitage has not seen any systematic, modern exploration, with the last exploration efforts ending in the 1990’s.
The company said this phase of its exploration program was aimed at establishing the thickness, grade, and potential for extensions to historic mineralisation.
The current drilling reportedly focused on the concept of high-grade mineralisation hosted in sub-vertical, iron-oxide beccia pipes.
Emmerson said the dimensions of the breccia and true thickness of the mineralisation were currently unknown.
Additional assays are pending for some prospects with results expected in early 2022.
Diamond drilling will commence at Hermitage following the northern hemisphere wet season.
Shares were up 143.2 per cent trading at 18 cents at 11.12 am AEDT.
