We’re pleased to advise the completion of an initial Mineral Resource Estimate for the Golden Forty Gold deposit within the Tennant Creek Mineral Field ➡️ Some highlights: - Total Mineral Resource: 935Kt @ 4.5g/t for 133,900oz of gold. - Indicated Resource: 706Kt @ 5.0g/t for 113,200oz. - Initial metallurgical sampling shows >95% gold recovery. Michael Dunbar, our Managing Director commented, "The Golden Forty Resource has exceeded all expectations, with the recent drilling identifying a very high-grade domain which contains 77,000oz of gold at 9.3g/t and is mainly Indicated, leading to an increase to the previous JORC 2004 resource by around 300% to 133,900oz of gold.” Development studies being progressed by our Joint Venture partner, Tennant Consolidated Mining Group, are expected to lead to a substantial increase in the current Tennant Creek Ore Reserves of 79,140oz. Read the full announcement here ➡️ https://bit.ly/3QzJyXn #EmmersonResources #ERM #GoldMining #ASXNews
Wow! It’s tripled from what was predicted!! Well done to the exploration team…
Company Director / Strategic Advisor/ Governance Consultant MAICD
4moThe Tennant Creek Mineral Field continues to deliver, and with the gold price remaining strong, what a great asset.