Emmerson Resources’ drilling and geophysics funded by Edna Beryl gold royalty
The bulk of the proceeds are expected later this quarter as the gravity concentrate, which accounts for about 60% of the total gold, continues to be processed.
Company
ASX:ERM
Emmerson Resources is a Perth-based explorer with an emerging gold royalty business. The company has a large landholding in the rich Tennant Creek Mineral Field (TCMF) in the Northern Territory.
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The bulk of the proceeds are expected later this quarter as the gravity concentrate, which accounts for about 60% of the total gold, continues to be processed.
Preliminary results which include visual inspection of drill core has found mineralisation.
The company’s non-executive director now holds about 13.5% interest in Emmerson, worth nearly $335,000.
The company has projects in the Northern Territory and New South Wales.
The anomalous soil geochemistry and geophysical targets extend over a 5 kilometre squared area.
The best assays were from Emmerson’s 100% owned Mauretania prospect.
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The event will attract “the who’s who of the junior and mid-cap market CEOs” and will have a “bustling exhibition area”.
Emmerson sold Edna Beryl to Territory but will get 12% of gold ore produced.
The company will retain 12% of all gold produced from the Edna Beryl mine as part of a strategic alliance.
The sale will allow for increased production from the Edna Beryl Gold Mine in the NT.
The transactions bring Noontide’s total holding to nearly 17%.
The company’s six prospects were selected from proprietary predictive targeting models, aimed to increase the probability of a major copper-gold discovery.
The company is fast-tracking the development of small mines in the Tennant Creek region.
The company has increased its tenure in the region as the potential for prospectivity grows.
The alliance includes a $2 million placement priced at 10.35 cents per share.
The ASX-granted trading halt will remain in place until the start of trade on Wednesday or when an announcement is released.
Results suggest Emmerson may have the elephant by the tail.
The company plans to develop multiple small mines in the Tennant Creek area.
More than 5.3 million shares have been acquired in transactions since March 26, 2018.
Mauretania could follow in the footsteps of the producing Edna Beryl gold mine.
Auger drilling at Whatling Hill and fieldwork across other New South Wales projects underway.
Progressing the company's strategy of monetising smaller, high-grade resources.
The restructure unlocks the potential for greater near-term value for shareholders.
The company now has exposure to cobalt, a high-value battery metal.
The indicative cobalt grades at Jasper Hills compare favourably with other Australian projects.
The gold producer is set to announce new cobalt, copper projects.
The agreement provides Emmerson with an income stream via a royalty agreement.
Work is set to begin next month assessing gold, copper and cobalt targets
The company will gain 100% of the gold-dominant assets in the TCMF.
The company is debt free and in a position to fund exploration and development in 2018
Deposits in the Macquarie Volcanic Arc are often part of much larger systems.
David Croll-led Noontide Investments boosts its stake to 12.5%.
Emmerson recently poured its first gold from Edna Beryl.
Full-scale mining is expected to start at Edna Beryl early in 2018.
Early drilling as targeted the Mt Leadley Prospect within the Kadungle Project.
Drilling has started at Tennant Creek and will soon launch at Kadungle.
Near term focus on gold-silver within large porphyry copper-gold systems.
Emmerson is on a pathway to becoming an Australian gold producer.
The halt will remain in place until Monday 9th October 2017.
Edna Beryl is the first new mine in the Northern Territory for over a decade.
Assay results confirm both shallow epithermal gold and porphyry-style copper at depth.
Emmerson’s first mine opening at Edna Beryl is scheduled for 13 July 2017.
This is the first new mine in the Northern Territory in over 10 years.
A 6,700-metre drill program will target the Edna Beryl project area.
Assays are expected within three weeks and further drilling is being planned.
Tennant Creek exploration is fully funded by partner Evolution Mining.
We are joined by Rob Bills, managing director, in Proactive Q&A Sessions™.
The company's flagship project is its Tennant Creek Mineral Field joint venture.
Emmerson’s flagship project is its TCMF joint venture in the Northern Territory.
Assays have confirmed gold extensions to Edna Beryl at depth.
Emmerson Resources (ASX:ERM) has a long time substantial shareholder in the Sydney based high net worth fund Noontide Investments.
Further assays from Edna Beryl are expected in mid-December.
Emmerson Resources Ltd (ASX:ERM) has been granted a trading halt by the ASX, pending exploration results.
Emmerson Resources Ltd recently outlined the best drill result in the history of the company’s drilling at Tennant Creek.
Emmerson shares are expected to trade significantly higher at the open.
In September the company commenced its third drill campaign.
A new 12 month farm-in option and the strategic alliance with Kenex has created five new projects in New South Wales being Fifield, Parks, Wellington, Temora and the Kadungle joint venture.The alliance with Kenex demonstrates an innovative
The commencement of Emmerson’s third drill program for 2016 ensures exploration news flow will continue from the Edna Beryl gold project which has produced significant high grade gold results to date.
These new results at Edna Beryl confirm the high grade nature of the mineralisation and the potential for expansion beyond the sparse, existing drilling. More assays are pending.
Further bullish drilling results suggest that Edna Beryl West and the near term producing Edna Beryl Mine may join some 150-180 metres below the surface.
With $5.5 million cash plus potential for risk free cash from small mines, Emmerson is highly leveraged to success across all strategic horizons.
The first underground drill holes at Edna Beryl returned spectacular gold grades of 139.7g/t, 309.5g/t and 93.4g/t. Current first round drilling will test for extensions of this "bonanza" gold grade mineralisation.
While the "small mines strategy" is not the main game for Emmerson, it should prove lucrative in the current AUD gold price climate which is now looking to fast track a pipeline of 6 small high grade resources to production.
The new tenement applications over district scale targets identified are known to have similar tectonic, geological, geophysical and geochemical addresses to known resources but remain under explored.
The drilling has indicated that Mauretania is a multi-element, gold, copper and silver discovery controlled by a combination of northwest trending thrust faults and reactivated north east faults.
Emmerson Resources has started following up recent gold hits as high as 36.2g/t gold at the prospective Mauretania area of its Tennant Creek project in the Northern Territory.
The Australian All Ordinaries looked weak today, notching another slightly lower close at 5272 points with a lacklustre show from the mining and energy sectors.
The Australian All Ordinaries seemed to be at a loss for strong leads today, with trading on the index trailing off in the morning to a static range that led to a 0.8% weaker close at 5,267 points.
The recent high resolution aeromagnetic survey highlighted a number of new, subtle anomalies corresponding to major structures and in some cases, historical mines. Follow-up drill testing will commence later this month.
Kenex’s predictive modelling for minerals in 2D and 3D has successfully identified new exploration targets and resource development projects including those for ASX public listings. Emmerson's core project focus remains the rich Tenna
Emmerson Resources is set for near-term cash flow from a royalty agreement on gold production from its Tennant Creek project in the Northern Territory of Australia. Rob Bills, managing director of Emmerson Resources, speaks exclusively with
The royalty agreement enables Emmerson to generate ongoing income from mining of a non-core asset in its Tennant Creek portfolio. Narrow vein mining specialists Edna Beryl Mining Company have extensive experience in the Tennant Creek Minera