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;
COMPLETION
INTENT TO DRILL
Caddo: Territory Resources LLC; Furiously No. 1-3 Well; SW1/4 NE1/4 NE1/4 SE1/4 of 03-05N-09W; TD 11,260.
Garvin: Red Rocks Oil & Gas Operating LLC; Harrison Investments No. 1 Well; C SW1/4 SW1/4 NE1/4 of 01-04N-04W; 11,365.
SOURCE Enverus
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Oil and Gas prices effective April 12, 2021 Staff reports
Natural Gas (Henry Hub) as of 4 p.m. EST Friday.
Natural Gas $2.56 per MMBtu
Oklahoma crude oil prices effective Friday.
Oklahoma Sweet
COMPLETION
INTENT TO DRILL
Caddo: Territory Resources LLC; Furiously No. 1-3 Well; SW1/4 NE1/4 NE1/4 SE1/4 of 03-05N-09W; TD 11,260.
Garvin: Red Rocks Oil & Gas Operating LLC; Harrison Investments No. 1 Well; C SW1/4 SW1/4 NE1/4 of 01-04N-04W; 11,365.
SOURCE Enverus
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