Emmerson Resources higher on striking high-grade near-surface gold at Blake Snake in Tennant Creek JV
The company and joint venture partner Tennant Consolidated Mining Group are planning an increasingly drill intensive program over the five-year earn-in period. The results confirm high-grade near-surface gold mineralisation - enhancing the potential for open pit mining.
Emmerson Resources Limited (ASX:ERM) (FRA:42E) is trading higher after delivering new high-grade gold results from drilling at Black Snake prospects within the Tennant Creek joint venture in the Northern Territory.
Results include:
8 metres at 15 g/t gold from 16 metres including 4 metres at 24.4 g/t;
9 metres at 7.96 g/t from 6 metres including 1-metre at 54 g/t;