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Emmerson Resources ltd.

Publié le 17 avril 2008

Maiden Drilling Program Commences at West Gibbet Prospect, Tennant Creek

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Emmerson Resources Limited (ASX:ERM)

 

ASX RELEASE                                                  17 APRIL 2008

 

Maiden Drilling Program Commences at West Gibbet

Prospect, Tennant Creek

 

 

  • RC drilling commences on the first of a number of Au-Cu targets identified by Emmerson.
  • Initial 8-hole program underway at the West Gibbet Prospect targeting gold hosted by quartz-magnetite ironstone (best historical results of 3.96m @ 37.1g/t Au).

 

Announcement

 

Emmerson Resources Limited (ASX:ERM Emmerson”) is pleased to announce the commencement of its maiden drilling program within its 100%-owned tenements within the Tennant Creek Mineral Field in the Northern Territory.

 

The first hole of an 8-hole drilling program has commenced at the West Gibbet Prospect, one of many target areas that have been identified by Emmerson as part of its brownfields exploration program.

 

The West Gibbet Prospect is located approximately 6km west of Tennant Creek and was originally defined in the 1950’s by a large magnetic anomaly. Drill testing by previous explorers confirmed that the source of the magnetic response was a quartz-magnetite ironstone, carrying significant gold grades, the best being 3.96 metres at 37.1g/t from 240.8 metres down-hole.

 

Subsequent drilling by the previous explorers failed to repeat these grades, either at depth or from the near surface environment.

 

The West Gibbet “target” was developed by Emmerson after remodelling of the position of the ironstone bodies and reinterpretation of the structural control on the gold mineralisation.

 

The current drill program will test the potential for new ore positions, both between the previous shallow and deep intercepts and also for extensions along strike. This program is the start of a planned 30,000m program  designed to drill test a pipeline of both brownfields and greenfields opportunities.

 

Yours Sincerely

 

Mr. Rob Bills

Managing Director and Chief Executive Officer

 

For further information, please contact Mr. Rob Bills on (08) 9489 7079

 

Background – Emmerson Resources

Emmerson Resources (ASX: ERM – “Emmerson”) is an Australian-based gold company focused on the exploration and development of the richly-endowed Tennant Creek Mineral Field (TCMF) in the Northern Territory of Australia, where it has a dominant ground position covering some 2,700km2. The Company listed on the ASX in December 2007 following a successful A$20 million IPO.

 

Emmerson has implemented an aggressive exploration program aimed at delineating extensions to existing mineralisation in the brownfields environment and also to discover a new generation of Au-Cu deposits in the greenfields environment. The strategy is based around the application of modern and innovative exploration techniques to reactivate the world class Tennant Creek Mineral Field - a field which produced over 5.5 million ounces of gold and 470,000 tonnes of copper since its discovery in the 1930s.

 

The Company’s asset base also includes ownership of the only gold treatment facility in the region (the Warrego carbon-in-pulp processing plant) and a substantial geological database plus extensive infrastructure and equipment. Emmerson is headed by a group of experienced Australian mining executives including former MIM and WMC mining

executive Andrew McIlwain as Non-Executive Chairman, and former senior BHP Billiton and WMC executive Rob Bills as Managing Director and CEO.

READ CORPORATE
Public Relations Corporate Communications
T: (+61-8) 9388-1474 | F: (+61-8) 9388-1472 | E: info@readcorporate.com.au | Web: www.readcorporate.com.au 

 

Emmerson Resources ltd.

CODE : ERM.AX
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Emmerson est une société développant des projet miniers basée en Australie.

Emmerson est cotée en Australie. Sa capitalisation boursière aujourd'hui est 17,1 millions AU$ (11,2 millions US$, 10,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 18 novembre 2011 à 0,31 AU$, et son plus bas niveau récent le 17 avril 2015 à 0,02 AU$.

Emmerson possède 379 429 984 actions en circulation.

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Projets de Emmerson Resources ltd.
15/10/2009(Tennant Creek)Tennant Creek Drilling and Exploration Update
26/08/2009(Tennant Creek)Executes Tennant Creek Mineral Field Exploration Joint Ventu...
08/12/2008(Tennant Creek)New Generation of Undercover Gold-Copper Targets Defined at ...
02/09/2008(Tennant Creek)Significant Intercepts at the Golden 40 Project, Tennant Cre...
29/07/2008(Tennant Creek)Further High-Grade Gold Intersections at Golden Kangaroo Eas...
14/07/2008(Tennant Creek)High-Grade Gold Mineralisation Confirmed at Golden Kangaroo ...
26/05/2008(Tennant Creek)Significant Gold Intersection Returned From West Gibbet Pros...
17/04/2008(Tennant Creek) Maiden Drilling Program Commences at West Gibbet Prospect, ...
Communiqués de Presse de Emmerson Resources ltd.
22/10/2015September 2015 Quarterly Presentation
20/04/2010Launches Landmark 2010 Drilling Program
15/09/2009MD Presenting in Sydney and Brisbane
31/07/2009June 2009 Quarterly Report
21/07/2009Drilling to Commence on New Geophysical Models at the Trinit...
09/06/2009Ivanhoe Australia Limited receives notice of "no objection" ...
04/06/2009Drilling Confirms Strike Extension - Analytic One Target
18/05/2009Commences Geophysical Survey at Trinity
29/01/2009December 2008 Quarterly Activities Report
31/07/2008June 2008 Quarterly Activities Report
29/04/2008Quarterly Activities Report
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