viewEmmerson Resources Ltd

Emmerson Resources targeting high-grade gold deposits in upcoming drilling at Tennant Creek's Northern Project Area

A recent agreement between Emmerson and Marnturla Aboriginal Corporation opens up previously restricted areas, which contain numerous high-grade gold, copper and cobalt projects.

Emmerson Resources Ltd - Emmerson Resources plans to target high-grade gold deposit in exploration program at Tennant Creek Northern Project Area
Further drilling at Golden Slipper and Hermitage projects is scheduled for early 2021

Emmerson Resources Ltd (ASX:ERM) is targeting high-grade gold deposits in an upcoming comprehensive exploration program across the Northern Project Area (NPA) of Tennant Creek project in the Northern Territory.

A diamond drilling program at NPA is designed to verify historic drilling results and further assess the continuity of the gold, copper and cobalt mineralisation at Jasper Hills.

Emmerson’s initial focus will be on the Jasper Hills and Mauretania project areas with a minimum of 1,000 metres planned for the December quarter, subject to outstanding approval.

“Delivering value”

Managing director Rob Bills said: “The Northern Project Area at Tennant Creek is highly prospective for high-grade gold and gold-copper-cobalt deposits as evidenced by numerous historical discoveries including Jasper Hills, Mauretania, Katherine Star, Hermitage, Golden Slipper and North Star.

“The upcoming exploration activities will focus on delivering value from these historical discoveries through near mine exploration and pre-development studies, plus continuing the search for new high-grade gold deposits similar to our more recent discovery at Mauretania.”

The recent agreement between Emmerson and the Marnturla Aboriginal Corporation opens up previously restricted areas which contain numerous high-grade gold, copper and cobalt projects.

Planning for the 1,000-metre five diamond drill hole program is well advanced but subject to receiving a variation under the Aboriginal Areas Protection Authority (AAPA), which remains the only outstanding required approval.

“First of its kind”

Bills continued: “Fundamental to delivering this value is obtaining access to a number of these historical discoveries which have received little modern exploration.

“It is not only the first of its kind in the Tennant Creek region, but it also heralds a new era for direct participation in the success of Emmerson’s exploration at Jasper Hills, Hermitage and the Golden Slipper projects, also providing employment opportunities that include the appointment of a cultural heritage officer.

“We look forward to commencing drilling following the receipt of the variation order under the Aboriginal Areas Protection Authority.”

The location of Emmerson’s package and the Jasper Hills, Hermitage and Golden Slipper projects.

Quick facts: Emmerson Resources Ltd

Price: 0.082 AUD

Market: ASX
Market Cap: $39.59 m

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on 10/8/20

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