ERM command a 2,200km2 tenement position in the world class Tennant Creek Mineral Field. This field is characterised by extremely high grades of gold (average gold grades of 15-20 g/t) and gold-copper (average copper grade of 2-4%), and historical production in excess of 5.5 million ounces of gold and 488,000 tonnes of copper.
Recent exploration update at Mauretania Discovery;
RC drill hole MTRC0015 intersected high grade gold of 1m at 4.16g/t gold, 2m at
2.14g/t gold and 3m at 2.50g/t gold within 15m at 1.67 g/t gold from 98m.
RC drill hole MTRC016 intersected a high grade zone of 3m at 4.22% copper and
0.12% Bismuth within a thick 14m at 1.94% copper from 118m.
Diamond drill hole MTTDD002 intersected 0.4m at 35g/t silver, 0.25g/t gold and
0.36% bismuth from 154.6m and 3m at 1.49% copper, 4.75g/t silver from 182m.
1 metre re-split assay results previously reported from the Mauretania discovery include:
Gold rich zone in hole MTRC006 based on 1 metre samples now reported as:
31m at 3.49g/t Au, 18.0g/t Ag, 0.45 % Cu and 809 ppm Bi from 57m
incl. 19m at 5.51g/t Au,17.2g/t Ag, 0.11% Bi, 0.33% Cu from 60m; or
2m at 36.2g/t Au, 7.20g/t Ag, 0.32% Bi, 0.40% Cu from 63m; and
26m at 1.08% Cu, 15.1g/t Ag, 0.48g/t Au from 77m from the lower copper rich zone
The co-funded regional seismic traverse combined with an emerging new interpretation
of the Northern Project Area suggests the presence of similar deep seated thrusts that
remain largely unexplored yet control the location of major historical deposits in the
south of the Tennant Creek Mineral Field (TCMF).
Chart showing Bullish Divergence, set up for a possible reversal !
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