logo-loader
viewEmmerson Resources Ltd

Emmerson Resources responds to ASX query on price and volume increases

Emmerson recently hit bonanza grade gold of 15 metres at 45.2 g/t in its first diamond drill hole at the Mauretania project in the NT.

ASX boards
Exceptionally high-grade gold mineralisation at shallow depths

Emmerson Resources Ltd (AASX:ERM) was queried by the ASX today relating to the price of its securities, which went from a low of 7.9 cents at the close of trading last Wednesday to an intra-day high of 10.5 cents today.

The ASX also noted the increase in the volume of Emmerson’s securities traded during the same period.

The company responded to the query explaining that it was not aware of any information that had not been released to market.

Emmerson confirmed that initial results from drilling at the Mauretania project, Tennant Creek were revealed on June 11 2019 and additional assays are still required to be compiled and released later this month.

READ: Emmerson Resources hits bonanza grade gold in first Mauretania diamond hole

Furthermore, the company confirmed that it is in the process of selling the Warrego Mill Lease to Territory Resources for construction of a Central Processing Facility at Tennant Creek and is currently working towards commercial closure of this sale which should be finalised this week.

Quick facts: Emmerson Resources Ltd

Price: 0.115 AUD

ASX:ERM
Market: ASX
Market Cap: $48.86 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Emmerson Resources Ltd named herein, including the promotion by the Company of Emmerson Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Emmerson Resources on track to grow gold royalty stream at Tennant Creek

Emmerson Resources Ltd (ASX:ERM) CEO and managing director Rob Bills updates Proactive on a growing gold royalty stream for the company in its alliance with Territory Resources. A key component of the strategy is refurbishment of the Warrego Mill at Tennant Creek in the Northern Territory,...

2 weeks, 5 days ago

2 min read