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Emmerson Resources Ltd.
Summary
| Project: | Tennant Creek | |
|---|---|---|
| Deposit: | Mauretania | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Bismuth-Copper-Iron-Lead-Zinc-Molybdenum-Antimony | |
| Date: | 6/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-6-2018: Emmerson Resources Ltd. announces an Exploration/Drilling Update report for its Mauretania deposit at the Tennant Creek project. Drilling results incl. 26.0m @ 8.9g/t Au, 85g/t Ag, 0.49% Cu, 0.13% Bi, 223ppm Co, 24.3% Fe from 53m. Emmerson’s Ma | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steve Russell (Internal) | |
| ABSTRACT: | Emmerson’s Managing Director; Mr Rob Bills commented: “The success of this first round of drilling at Mauretania has confirmed the potential for high grades and expanding both the shallow and deeper mineralisation. Our aim is to include the project in our small to medium mines portfolio in support of the recent strategic alliance with Territory Resources. This portfolio of small mines can be monetised via processing at the refurbished Warrego Mill on a profit share basis and provide funding to continue our exploration program targeting larger mines at Tennant Creek and in NSW.“Encouragingly, much of the higher grade material at Mauretania is within the upper 100m and thus amenable to possible open pit mining. Further, the highly encouraging grades for both gold and copper once again highlight the potential for this style of hematite hosted mineralisation – a style that has been largely overlooked by previous explorers in Tennant Creek. Emmerson has now made four such discoveries, all with exceptional metal grades of either gold, copper, bismuth, silver and more recently, at Jasper Hills and at depth at Mauretania, high-grade cobalt. “Emmerson’s exploration programs are designed to discover more of these high-value deposits and we await with anticipation, the results of the now completed airborne EM geophysical survey over the Northern Corridor at Tennant Creek. This survey is aimed at detecting the signatures of these systems through either directly detecting copper sulphides or the associated clay alteration at the base of oxidation. Thus our next drill program will be particularly exciting as it will be focussed on new hematite hosted, high grade, multi-metal (gold, copper, cobalt, bismuth, silver) targets generated from this geophysical survey.” | |
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