First Gold Mine Approval in NT for over a Decade
MD Rob Bills Speaks About Starting Gold Production
Production is now pending at the company's flagship deposit, the "Edna Beryl". This is an historical gold mine that has been developed by Emmerson in recent times with exploration funding from Evolution Mining Ltd. (ASX:EVN).
Mr Bills also outlines the new processing facility that is currently under evaluation by the NT Government that will provide a tolling and treatment facility that will centralize production for miners in the Tennant Creek area.
With a head grade for initial production running at over one ounce to the tonne makes this gold mine the richest grade mined in Australia.
The company is currently drilling to extend the resource with a recent discovery of a "look alike" deposit similar to the Edna Beryl.
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About Emmerson Resources Limited
Emmerson Resources Limited (ASX:ERM) (FRA:42E) recently commenced exploration on new gold-copper projects in NSW, identified (with our strategic alliance partner Kenex Limited) from the application of 2D and 3D predictive targeting models – aimed at increasing the probability of discovery. The highly prospective Macquarie Arc in NSW hosts >80Mozs gold and >13Mt copper with these resources heavily weighted to areas of outcrop or limited cover. Emmerson's five exploration projects contain many attributes of the known deposits within the Macquarie Arc but remain under explored due to historical impediments, including an overlying cover (plus farmlands) and a lack of exploration focus. Kadungle is a JV with Aurelia Metals covering 43km2 adjacent to Emmerson's Fifield project.
In addition, Emmerson is exploring the Tennant Creek Mineral Field (TCMF), one of Australia's highest-grade gold and copper fields producing over 5.5 Mozs of gold and 470,000 tonnes of copper from deposits including Warrego, White Devil, Orlando, Gecko, Chariot and Golden Forty. These high-grade deposits are highly valuable exploration targets, and to date discoveries include high-grade gold at Edna Beryl and Mauretania, plus copper-gold at Goanna and Monitor. These are the first discoveries in the TCMF for over a decade.
Evolution Mining Limited
Emmerson Resources Limited