Emmerson claims new gold find at Tennant Creek

THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) has claimed a new gold discovery after receiving final assay results from a maiden three-hole Reverse Circulation (RC) drilling program completed at the Mauretania Prospect within the Eastern Project Area (EPA) of the company’s Tennant Creek Mineral Field.

Emmerson explained it targeted the Mauretania area using results from a recent high resolution aeromagnetic survey that highlighted a number of new, subtle anomalies corresponding to major structures and in some cases, historical mines.

Of the three holes drilled, hole MTRC006 came up trumps returning:

30 metres at 3.22 grams per tonne gold, 13.1g/t silver, 0.33 per cent copper and 723ppm bismuth from 57m;

This intersection included 15m at 5.67g/t gold, 14.7g/t silver, 0.11 per cent bismuth, 0.24 per cent coppr from 60m; or 3m at 21.3g/t gold, 5.01g/t silver, 0.2 per cent bismuth, 0.23 per cent copper from 63m.

With a lower copper rich zone that comprises 24m at 1.07 per cent copper, 8.51g/t silver, 0.4g/t gold from 78m.

“We are wasting no time in planning the next drill campaign at Mauretania and surrounding prospects, and anticipate a very exciting end to the year,” Emmerson Resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.

“Both Emmerson and our partner Evolution Mining are highly encouraged by these early results which indicate a new, undercover green fields discovery emanating from good science and systematic exploration by committed teams working in partnership.

“We have a strong pipeline of quality opportunities to drill test during the December quarter, with drilling to re-commence at Mauretania later this month and then move to further follow-up drilling after our recent success at the GeckoGoanna project.”

Website: www.emmersonresources.com.au