EMMERSON RESOURCES LIMITED
EMMERSON RESOURCES LIMITED
- AUD (-)
- End-of-day data - Australia Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ERM
ISIN: AU000000ERM4

Emmerson Resources Limited (ERM.AX) Presentation RIU Explorers Conference

  • 48
Perth, Australia (ABN Newswire) - Emmerson Resources Limited (ASX:ERM) (OTCMKTS:EMMRF) is pleased to provide the Company's latest Presentation at RIU Explorers Conference.

Highlights include:

- 19 May 2016 - High Grade Gold at Edna Beryl West
o 5m at 27g/t gold incl. 2m at 51g/t gold
o 13m at 8.7g/t gold incl. 7m at 15g/t gold

- 5 July 2016 - High Grade Gold at Edna Beryl West
o 13.2g/t gold incl. 3m at 15.7g/t gold
o 3m at 11.2g/t gold
o 9m at 5.33m g/t gold incl. 3m at 10.4g/t gold

- 2 August 2016 - Further High Grade "Bonanza" Gold at Edna Beryl West
o 5m at 35.6g/t gold from 120m
o 2m at 30.1g/t gold from 128m
o 3m at 36.6g/t gold from 227m

- 31 October 2016 - Bonanza and visible gold at Tennant Creek
o 8m at 157g/t gold, 34.5g/t silver, 0.5% copper

- 6 December 2016 Bonanza Gold continues
o 5m at 83.6g/t gold from 89m
o 4.3m at 24.6g/t from 249m

Threefold Strategy

- Application of new technology/ideas to make new discoveries in Tennant Creek (Goanna copper, Mauretania gold, Edna Beryl gold)

- Small Mines - monetise existing resources and provide opportunities for "near mine" discoveries (Edna Beryl under development and will be one of Australia's highest grade gold mines plus pipeline of others)

- Leverage new technology/ideas outside of the Tennant Creek Project New gold-copper projects in New South Wales and the NT

Summary and Conclusions

Tennant Creek Exploration fully funded by Evolution Mining - have spent ~$11.7m of the $15m to earn 65% of the Tennant Project

- 2017 Exploration Program yet to be finalised but will include a detailed ground gravity survey at Edna Beryl and Deep Penetrating IP at Rover - ahead of drilling (strategy 1)

- Small Mines to monetise existing high grade resources and expand near mine exploration (strategy 2)

- New technology and ideas continue to drive exploration.....both in Tennant Creek (strategy 1) and identifying new gold-copper opportunities (strategy 3)

- ERM remains well funded ~$4.7m in cash plus potential for risk free cash from small mines

- Highly leveraged to success across all strategic horizons

To view the presentation, please visit:
http://abnnewswire.net/lnk/SMHMRW60



About Emmerson Resources Limited:

Emmerson Resources Limited (ASX:ERM) is an ASX listed gold resource company that recently (July, 2014) secured a landmark Joint Venture agreement with Evolution Mining (ASX:EVN).

- Has an aggressive exploration program and dominant position in the world class Tennant Creek Mineral Field.

- Is applying new exploration concepts and technologies to unlock the next generation of gold and copper deposits.

- Owns the only carbon-in-pulp gold plant in the region.

- Has an experienced Board and Management team.



Source:

Emmerson Resources Limited



Contact:

Investor Enquiries:
Mr Rob Bills
Managing Director & Chief Executive Officer
Tel: +61-8-9381-7838
www.emmersonresources.com.au
 
ABN Newswire
ABN Newswire

ABN Newswire is a business newswire and press release distribution service for listed companies on stock exchanges globally. ABN Newswire distributes company announcements to the professional platforms, finance portals and syndicates important corporate news to a wide variety of news aggregators and financial news systems.