- Emmerson Resources (ERM) has received final drill results from three holes at its Mauretania Project in the Northern Territory
- These results have confirmed the thick, high-grade nature of the gold mineralisation
- Drilling has also intersected copper just 57 metres below the surface
- Emmerson is pleased with the results, citing they further enhance future project development
- Company shares are up 6.25 per cent and trading at 8.5 cents each
Emmerson Resources (ERM) has received final drill results from three holes at its Mauretania Project in the Northern Territory.
Mauretania is Emmerson’s wholly-owned project and is located within the Northern Project Area (NPA) of its Tennant Creek project.
These are some of the first diamond holes completed at this site and confirm the thick, high-grade nature of the gold mineralisation, and now copper in the shallow oxide zone.
“The thick intercepts of gold and now copper at shallow levels provides great encouragement that Mauretania will be a viable open cut mine – hence our successful application to the NT Government to convert the Exploration Lease into a Mining Lease,” Managing Director Rob Bills said.
Diamond drill hole MTDD006 was re-assayed due to the original assay results not matching observations of copper. The drill hole indicated a thick 36 metre zone of the upper oxide gold mineralisation with higher grades from just 57 metres below the surface.
Diamond drill hole MTDD007 intersected a thick, 22 metre interval of copper mineralisation that averages 0.84 per cent copper.
Other results from this drill hole include: 2 metres at 1.56 per cent copper and 0.14g/t gold from 88 metres, 2 metres at 3.11 per cent copper from 108 metres and 1 metre at 3.35g/t gold from 209 metres.
From the results at this second hole, the company believes there is real potential to follow this mineralisation to the Northwest.
In diamond drill hole MTDD008, a thick intersection of gold in the oxide zone was found. Stand out results include: 9 metres at 1.28g/t gold from 92 metres, and 1 metre at 1.67g/t gold from 110 metre.
Emmerson considers the drilling program to be successful in highlighting potential continuation of this style of high-grade mineralisation within the Northern Project Area.
Company shares are up 6.25 per cent and trading at 8.5 cents each at 2:02 pm AEDT.