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Additional Information

Market:	ASX
Sector:	Gold Mining
EPIC:	ERM
Latest Price:	0.24 (4.35% )
52-week High:	0.29
52-week Low:	0.09
Market Cap:	54.26M

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Emmerson Resources

Emmerson Resources (ASX: ERM) s targeting copper and gold in Australia.

Emmerson Resources announces bonanza gold intersection and high-grade copper result at Tennant Creek

Monday, December 21, 2009

Emmerson Resources (ASX: ERM) has reported outstanding early drill results from two Tier 1 gold and copper-gold targets within the company's exploration project at Tennant Creek in the Northern Territory.

Following the announcement, shares in the company increased 17% to 27.5c.

The latest results include a bonanza gold intersection of 2m @ 50.6 g/t Au at Pinnacles North and a high-grade copper intersection at Rising Star.

The encouraging results are from early drill testing of the pipeline of 26 top-ranked Tier 1 undercover targets within the Tennant Creek Mineral Field being carried out under Emmerson’s A$18 million joint venture with Ivanhoe Australia.

The targets were identified as a result of Emmerson’s A$2 million investment in the acquisition of detailed gravity and magnetic geophysics across its entire tenement package in the Tennant Creek Mineral Field, combined with the application of new concepts and an enhanced geological understanding of the region.

The 26 top-ranked targets from a total of approximately 56 new greenfields targets identified are being systematically evaluated during the 2009 and 2010 field seasons.

Excellent progress has been made during the 2009 field season since the completion of the joint venture in April, with three drill rigs advancing exploration across a number of projects. The initial phase of work has assisted in building the geological understanding across several of these undercover, Tier 1 targets ahead of further review and systematic drill testing in 2010.

A total of 6,000m of diamond, 19,000m of RC and 30,000m of RAB drilling completed across 18 projects, with further assay results awaited.

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