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5.6¢ emmerson resources limited

Ann: New Gold Zones and Drill Campaign to Commence, page-4

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martie

680 Posts.

6

14/04/15

11:03

Post #: 15082865
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Originally posted by martie ↑

These Tennant Creek deposits are smallish, but high grade. They are costly, and time consuming to drill. REM have promised that they would crack the code - have they?

I am not sure what 10,000m drilling gets in that environment. These types of deposits can be a large distraction. Yes they assisted the birth and growth of companies such as Normandy.

It's been some 6 years now for money and exploration spent on this area - what's actually come out of it. With any good gold story you do have a limited shelf life and you continually need results to keep the momentum up. Unfortunately no real success stories here to fuel the fire.

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Sorry 18,000m and not 10,000m. All RAB drilling so targets are shallow. This could be the decider for EVN if they can't establish good targets?

ERM Price at posting: 2.1¢ Sentiment: None Disclosure: Not Held
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