Emmerson Resources Recommences Drilling at White Devil
THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) is back out with an RC drilling rig at the company’s White Devil deposit near Tennant Creek in central Northern Territory.
Emmerson Resources recently announced a Mineral Resource Estimate (MRE) for White Devil of 4.6 million tonnes at 4.2 grams per tonne gold for 611,400, 87 per cent of which sits in the Indicated Category.
The company declared this to be the largest undeveloped gold MRE in the Tennant Creek Mineral Field.
Emmerson explained the deposit is poorly tested at shallow depths along strike to the east and west as well as at depth, which it considers providing additional upside potential to the existing MRE.
The new RC drill program has been designed to infill shallow western extensions to the current MRE and test potential extensions of the mineralisation to the west, which is hoped to have a material positive impact on the western end of the open pit design that could ultimately be developed.
The company is currently undertaking a White Devil Scoping Study that is progressing well and expected to be completed in approximately four weeks.
“After the Mineral Resource update just over a month ago, we are pleased to be back out in the field at White Devil to complete shallow infill drilling and test for additional extensions to the west that could provide additional upside to our open pit design,” Emmerson Resources managing director Mike Dunbar said in the company’s ASX announcement.
“We are very close to completing the Scoping Study for White Devil, which we expect to be the first deposit defined as a Major Mine Deposit under our JV arrangement with TCMG, a 100 per cent subsidiary of AIM-listed gold producer Pan African Resources.
“Furthermore, we anticipate being able to move from the Scoping Study straight into a Pre-Feasibility Study and are preparing for that with the geotechnical drill program.
“As the largest undeveloped gold Mineral Resource in the Tennant Creek Mineral Field, White Devil is a clear game changer for Emmerson as well as Pan African, who recently commenced commercial gold production at the nearby 840,000 tonnes per annum Nobles CIL plant.
“This is amplified in the current strong gold price environment and Emmerson is highly focused on rapidly unlocking its full potential for the benefit of shareholders and the Tennant Creek community.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE