Emmerson Resources engaged in major Tennant Creek exploration program with Evolution Mining
Emmerson Resources (ASX: ERM) is one of our most highly-regarded copper-gold exploration plays, employing innovative exploration techniques to identify company-making copper-gold discoveries within the Tennant Creek Mineral Field (TCMF), a historic production region. Emmerson has consolidated 95% of the mineral field, where amazingly just 8% of the historical drilling has penetrated below 150 metres depth. Some of the most prospective rocks in the field lie hidden beneath recent cover. Emmerson has recently completed an 18,000-metre RAB drilling program at its Billy Boy prospect, identifying new massive iron alteration that typically hosts high-grade gold mineralization within the TCMF. Billy Boy is just one of numerous outstanding, large scale, multi-element geochemical anomalies that are being tested under its farm-out/joint venture deal with high-profile gold play Evolution Mining (ASX: EVN), where Evolution can invest up to $29 million in both Tennant Creek exploration and Emmerson itself - over the next five years. Evolution’s commitment reinforces our long-held view on the vast resource potential of Emmerson’s Tennant Creek portfolio.
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).