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Emmerson Resources Limited ( (AU:ERM) ) just unveiled an announcement.
Emmerson Resources Limited has completed its initial drilling program at the White Devil Gold Project in Tennant Creek, with significant mineralization found in 27 out of 40 drill holes. The drilling results indicate that mineralization extends beyond the current resource, suggesting a potential increase in the Mineral Resource Estimate (MRE) for the site. Additionally, exploration at the Nobles Nob West Prospect revealed narrow zones of copper and gold mineralization, with further downhole magnetic modeling planned to explore extensions of the mineralized ironstone bodies. These developments could enhance Emmerson’s resource base and strengthen its position in the mining sector.
More about Emmerson Resources Limited
Emmerson Resources Limited operates in the mining industry, focusing on the exploration and development of gold and copper resources. The company is primarily engaged in projects located in the Tennant Creek region of the Northern Territory, Australia, with a market focus on expanding its mineral resource base and developing significant mining deposits.
Technical Sentiment Signal: Strong Buy
Current Market Cap: $49.96M
For a thorough assessment of ERM stock, go to TipRanks’ Stock Analysis page.