Company
ASX:ERM
Emmerson Resources is a Perth-based explorer with an emerging gold royalty business. The company has a large landholding in the rich Tennant Creek Mineral Field (TCMF) in the Northern Territory.
182 stories · page 2 of 10
"There is significant potential for further high-grade resource additions from our pipeline of brownfields projects that will undergo drill testing and studies during the year, with planning of our 2022 drilling program now close to finalis
“This program can be extended based on the visual copper results as we have secured a universal drill rig that has the capability and capacity to drill both reverse circulation and diamond drill holes down to +500 metres" - says MD Rob Bill
Heading into the March quarter, Emmerson had $3.9 million in the bank to support its future operations.
The company recently soared up to 200% on hitting 117 metres at 3.38% copper from 75 metres in reverse circulation drilling at Hermitage Project in the Tennant Creek Mineral Field.
“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 mag
The new resource estimate supports a conceptual high-grade 17.7 g/t gold open pit and 6.3 g/t gold underground operation.
“Alan’s appointment to the Emmerson board is strategic at a time where the growth of our royalties portfolio is a key element in our business strategy,” says chairman.
The multi-element explorer recently set out on its maiden reverse circulation campaign at Hermitage, which has not seen any systematic, modern exploration since the 1980s.
A recent rush of new tenement applications by major and junior explorers in the Tennant Creek district, not only highlights the prospectivity of the region for copper and gold but also Emmerson’s strategic 1,700 square kilometre landholding
“This new model suggests a connection between the surface mineralisation within the Kiola Geochemical Zone (KGZ) and a porphyry copper-gold system(s) at depth,” says MD.
Emmerson’s joint venture partner has earmarked $10.5 million to fund exploration across Tennant Creek’s Northern and Southern project areas.
The company has been exploring for gold at its sites near Tennant Creek and the recent gold results are very encouraging.
The schedule for the establishment of a central processing mill at Tennant Creek by TCMG will be announced next month.
The bonanza gold hit is considered “highly encouraging” and is one of three holes that intersected the primary gold zone at Tennant Creek’s Mauretania project.
The partnership extension to the Southern Project Area will provide a further cash injection and advance exploration right across Emmerson’s Tennant Creek Mineral Field holding.
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 greenfields Mauretania discovery is one of ERM’s most advanced projects with pit optimisation studies to benefit from further drilling while drilling at West Gibbet is aimed at extending shallow high-grade gold mineralisation.
High-grade gold and copper from drilling at Mauretania at Tennant Creek has enhanced future open pit development potential.
The company’s strategic alliance with Tennant Consolidated Mining Group establishes a funded pathway for the development of Emmerson’s high-grade gold and copper projects in the Northern Territory.
The Mauretania Project is the most advanced project in the Northern Project Area alliance in the Northern Territory and on completion of a positive scoping study will form part of the proposed Small Mines Joint Venture.
