Emmerson Resources Commences Drilling at Golden Forty Gold Project

THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) has commenced a reverse circulation (RC) and diamond drilling program at the Golden Forty project, within the company’s 100 per cent-owned Southern Project Area near Tennant Creek in New South Wales.

Emmerson Resources is drilling to test for extensions to the historic high-grade gold mineralisation (approx. 12g/t gold) at the Golden Forty Mine and potential at the nearby Golden Forty East project.

The program operated and managed by Emmerson and funded as part of the $5 million earn-in to the Southern Project Area by Joint Venture (JV) partner Tennant Consolidated Mining Group (TCMG).

The company is hopeful that results will advance this project to a scoping study with potential to be added to the mining schedule that contains recently announced resources for the Chariot and Mauretania deposits.

“The Golden Forty mine reportedly produced more than 50,000 ounces of gold at a high-grade of approx. 12 grams per tonne gold in the typical high value style of mineralisation seen across Tennant Creek,” Emmerson Resources managing director Rob Bills said in the company’s ASX announcement.

“Drilling at Golden Forty is aimed at adding further resources to the inventory and mine schedule ahead of establishment of the central mill by our partner TCMG.

“We have recently announced JORC resource estimates for Chariot and Mauretania under the Small Mines JV with partner TCMG.

“Providing this current program is successful, we anticipate resource additions from Golden Forty that may be amenable to future open pit mining.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: corporate@emmersonresources.com.au

 

Web: www.emmersonresources.com.au