Emmerson Resources (ASX: ERM) - Bonanza-grade gold play

MineLife
The best way to appreciate Emmerson Resources' (ASX: ERM) exploration achievements is to examine its share price performance - which is up by more than 326% since our initial recommendation just a year ago. Most will have never heard of this ASX gold junior, but the company's been a dedicated explorer in the Tennant Creek region for almost a decade. Now that takes some patience and persistence - and just as importantly belief in the prospectivity of what the company's trying to achieve. To its credit, Emmerson attracted one of Australia's best-performing independent gold producers, Evolution Mining (ASX: EVN), as a $15m farm-in partner at Tennant Creek. The results so far are outstanding, with Emmerson this week announcing bonanza-grade gold results from drilling at its Edna Beryl deposit comprising 8 metres at 157g/t gold, 34.5g/t silver and 0.5% copper from 146 metres depth – but also including 5 metres at 251g/t gold, 2 metres at 613g/t gold and 1 metre at 1,043g/t gold!. These results open up the entire Tennant Creek field to a new generation of potential gold deposits.
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
5 topics

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
Expertise

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).