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Emmerson Resources Limited ( (AU:ERM) ) has shared an announcement.
Emmerson Resources Limited announced significant results from its recent RC drilling at the Hermitage Project, revealing high-grade gold and copper mineralisation. The drilling extended mineralisation at depth to the west and shallowly to the east, with notable intersections including copper grades up to 1.57% and gold grades up to 43.1 g/t. The results indicate potential for multiple revenue streams due to the presence of valuable byproducts like cobalt and bismuth, enhancing the project’s economic prospects.
More about Emmerson Resources Limited
Emmerson Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily targets copper and gold prospects, with a significant focus on the Tennant Creek Mineral Field in Northern Territory, Australia. Emmerson Resources owns several projects, including Hermitage, Jasper Hills, Edna Beryl, and North Star, which are rich in copper and gold mineralisation.
Average Trading Volume: 692,033
Technical Sentiment Signal: Buy
Current Market Cap: A$185.3M
Find detailed analytics on ERM stock on TipRanks’ Stock Analysis page.