ERM emmerson resources limited

Waiting patiently for Assay Results for first 31 of 35 Hole...

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    Waiting patiently for Assay Results for first 31 of 35 Hole program.

    From 23 December 2024 Announcement

    "Emmerson Resources Limited (ASX: ERM) is pleased to advise that RC drilling at its White Devil Gold Project in Tennant Creek
    project in the Northern Territory (Figure 1) has been completed for 2024. A total of 31 holes (3,050m of RC drilling) of the 35 hole
    (3,500m of RC drilling) program were completed prior to the RC rig shutting down for the Christmas and New Year break.

    Drilling of the final four RC holes is currently scheduled to recommence during the week starting the 13 January 2025.

    The White Devil Gold Project is a high-grade gold mine that remains open to the east and at depth. The mine produced over 760,000
    ounces of gold from 1.6Mt of ore at a recovered grade of 14.6 g/t gold, predominately from underground mining. The mine was
    closed in 1999, primarily as a result of low gold price of the time, with accessible mineralisation known to remain.

    Notably, the mined cut-off grade was 5-8 g/t gold and the gold price has increased approximately 10 fold since the mine closed.
    All of the high priority holes have been completed with samples dispatched to the laboratory for analysis"

    Results will be the next catalyst for the SP and possible move by Pan African
 
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Change
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