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Emmerson Resources Ltd

Emmerson Resources intersects high-grade gold at Mauritania greenfields discovery in NT

Emmerson Resources Limited (ASX:ERM) managing director Rob Bills updates Proactive Investors on the explorer's first diamond drill program at its greenfields discovery Mauritania in the Northern Territory. 
 
The first hole drilled revealed high-grade gold mineralisation, intersecting 15 metres at 45 g/t gold, including 4 metres at 158 g/t gold.
 
"It's incredibly high-grade - to put listener's on scale, the normal gold grade is between one and two grams," says Bills. 
 
Bills also explains the royalty-focused business behind Emmerson, which reduces the downside risk to its shareholders.

Quick facts: Emmerson Resources Ltd

Price: $0.15

Market: ASX
Market Cap: $61.6 m
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Restructure of joint venture deal the logical next step for Emmerson Resources

Rob Bills, managing director of Emmerson Resources Limited (ASX:ERM), tells Proactive they've reached an agreement with Evolution Mining Ltd (ASX:EVN) to restructure the Tennant Creek Mineral Field (TCMF) joint venture. Bills says the mutually beneficial proposed new ownership structure...

on 19/2/18

2 min read