Emmerson Resources Limited (ASX:ERM) managing director Rob Bills updates Proactive Investors on the explorer's first diamond drill program at its greenfields discovery Mauretania 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.
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