Emmerson Resources Ltd (ASX:ERM) managing director Rob Bills speaks to Proactive Investors about the latest news from the Tennant Creek Mineral Field, in Australia's Northern Territory. The explorer and producer holds a lot of land in the area, with a number or projects at various stages of development, from early-stage surveying work through to gold bar production.
Bills describes RC drilling results from the Mauretania and West Gibbet prospects as showing, "thick, high-grade intercepts of gold, copper, and also we're seeing some bismuth and cobalt. Fantastic results, some of the best we've seen, certainly the best at West Gibbet."
"Excitingly, the drilling has shown that there's a lot of gold quite close to the surface, so it's amenable to open pit mining, which is obviously quite economic... we've also intersected a new zone of mineralisation - ten meters at about 7.6 grams per tonne gold - a bit deeper down, a totally new zone we didn't know was there before. So it opens up that potential of having some shallow high-grade [mining] up higher, and then potentially opportunity for an underground development," explains Bills.
Additionally, an airborne geophysical survey of the Northern Corridor at Tennant Creek has been completed, with results due to shore up targets for another drilling campaign next quarter.