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Emmerson Resources Ltd.
Summary
| Project: | Tennant Creek | |
|---|---|---|
| Deposit: | Black Snake, Edna Beryl | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Bismuth-Copper-Iron-Lead-Zinc-Molybdenum-Antimony | |
| Date: | 5/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-5-2017: Emmerson Resources Ltd. announces an Exploration/Drilling Update report for its Black Snake, Edna Beryl deposit at the Tennant Creek project. JV with Evolution Mining - drilling results incl. 7m @ 4.79g/t Au from 18m. Emmerson Resources Limited | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steve Russell (Internal) | |
| ABSTRACT: | Emmerson Resources Limited (“Emmerson” ASX: ERM) is pleased to announce the last of the assay results from campaign 3 at Edna Beryl (completed in late 2016) that confirm the high-grade gold mineralisation in ironstone 1 continues at depth. Diamond drill hole EBWDD054 is the deepest drill hole to date at Edna Beryl, some 220m below the surface which provides additional confidence to the mineralisation continuing at depth and extending in most directions (figure 2 and 3). Of note is the high-grade bismuth (~2%) and copper (2.1%) which based on the historic metal zonation from other mines, indicates proximity to high-grade gold. Again well illustrated in the best drill intersection (drill hole EBWRC041) from campaign 3 of 8m at 157g/t (ASX: 31 October 2016). Note this bonanza gold intersection tested a blind (to the surface) ironstone that remains open and will be followed up in subsequent drill programs. Drilling last year at the Retsina prospect intersected hematite ironstone – the host to gold mineralisation, however, the assay results did not confirm the positive trace element geochemistry of these ironstones. Drilling confirms continuation of the Edna Beryl high-grade gold zone at depth. The inclusion of this project under the Tennant Creek Mineral Field Earn-in and JV with Evolution Mining is further testament to the calibre and potential of this new acquisition. It not only provides funding by EVN toward the initial earn-in but positions ERM as the major player in one of Australia’s highest grade goldfields. | |
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