Emmerson Resources shares rise on high-grade cobalt, copper, gold hits at Tennant Creek
The indicative cobalt grades at Jasper Hills compare favourably with other Australian projects.
Company
ASX:EVN
Evolution Mining (ASX:EVN) formerly Catalpa Resources has two gold assets, a 100% interest in the 100,000 ounce per annum Edna May Gold Operations in Western Australia and a 30% interest in the 100,000 ounce per annum Cracow Gold Operations in Queensland (70% Newcrest Mining).
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The indicative cobalt grades at Jasper Hills compare favourably with other Australian projects.
The Lake Cowal open-pit gold mine is owned and operated by Evolution Mining.
The company will gain 100% of the gold-dominant assets in the TCMF.
The company is debt free and in a position to fund exploration and development in 2018
The company maintains a guidance of 18,000-20,000 ounces of gold at the Teal open pit.
Deposits in the Macquarie Volcanic Arc are often part of much larger systems.
The proposed acquisition of the Twin Hills project could double the Mt Coolon resource.
Full-scale mining is expected to start at Edna Beryl early in 2018.
Testing high priority targets at the Coot & Crake and Honey Eater prospects.
Drilling has started at Tennant Creek and will soon launch at Kadungle.
Stockpiled ore grading 30-40 g/t gold is awaiting treatment this quarter.
Edna Beryl is the first new mine in the Northern Territory for over a decade.
Emmerson’s first mine opening at Edna Beryl is scheduled for 13 July 2017.
This is the first new mine in the Northern Territory in over 10 years.
The interest in West Wyalong certainly comes with merit.
Tennant Creek exploration is fully funded by partner Evolution Mining.
West Wyalong is surrounded by major gold producers.
We are joined by Rob Bills, managing director, in Proactive Q&A Sessions™.
The potential of Argent's projects has been identified by the NSW government.
Binduli is just along strike from Intermin's wholly-owned Teal gold project.