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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	EMG
Latest Price:	0.03 (-13.16% )
52-week High:	0.21
52-week Low:	0.03
Market Cap:	3.04M

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Emergent Resources

Emergent Resources (ASX: EMG) is a diversified, multi commodity junior exploration and development company. The company sees the present and foreseeable demand for resource commodities such as iron, base metals and precious metals remaining strong.

Emergent’s strategy is to effectively define and develop the company's Beyondie Iron Project exploration in conjuction with existing strong geological and structural association of lead-zinc and copper-gold mineralised targets.

Emergent Resources reports major resource increase at Beyondie Iron Project

Wednesday, November 25, 2009 by Proactive Investors

Perth-based explorer Emergent Resources Limited (ASX: EMG) has announced a major JORC Resource upgrade to 561Mt @ 27.5% Fe at relatively shallow depth at its Beyondie Iron Project in Western Australia’s Mid West region.

This represents a fourfold increase in previous JORC Inferred Mineral Resource to 561 million tonnes grading 27.5% Fe in E52/1806.

An additional 480-510 million tonne Exploration Result grading 27.0 to 28.5% Fe in E52/1806 has been confirmed by Independent Geologists.

A further 3.7 to 4.2 billion tonnes Exploration Target outside E52/1806, announced last week, firmly establishes Beyondie as one of the most significant new magnetite iron projects in Australia.

The Resource upgrade and Exploration Result were both confirmed from drilling over only 12 km segment (in tenement E52/1806) of the project’s total 60 km length.

The latest Mineral Resource was calculated from 94 Reverse Circulation holes for 12,526 metres and 14 diamond holes for 2,689m.

Of interest to long term investors, the independent geologists are of view that comparable magnetite mineralisation is contiguous throughout the entire exploration target.

Emergent Managing Director Garry Hemming said: “We are delighted to report this major JORC Resource upgrade and also confirm a significant new Exploration Target, at E52/1806, at the Beyondie Project."

"Our drilling programs to date have focused on this segment of the total project area and we are delighted to achieve our goal of confirming a Resource and Exploration Result of 1 billion tonnes in E52/1806 and a total volume of 4.7 to 5.3 billion tonnes at Beyondie.”

Drilling results combined, with the 3.7 to 4.2 billion tonne Exploration Target announced last week, outside of the drilled area at the project, further establishes the large scale, world class potential of the project,” he said.

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