Drill results imminent and with these previous results, bodes well for more Bonanza grades to be revealed.
These previous results are very impressive, both in grade and the more impressive depth. (28 meters at 84.6 gpt ....Wow!)
That's nearly 3 ounces per ton, or at todays POG $9,000.00 per processed ton.
COH $4.9 mil
SOI 544 mil
MC 29.9 mil
The program of seven holes is underway and will test for extensions to the wide and very high-grade gold mineralisation announced
in late 2022 and early 2023. It is expected that we will finish the drilling in mid-November prior to the onset of the west season,
with results expected in mid-December or early January 2024
RC Drilling has Commenced at the High-Grade Golden Forty Project in Tennant
Creek
The Golden Forty Project, which is located approximately 14km east of Tennant Creek in the Northern Territory, consists of a
historical underground mine, which produced 144,056t at a recovered head grade of 11.9 g/t gold for approximately 55,000 ounces
of gold and a number of unmined ore positions and extensional zones of high-grade gold mineralisation (see ASX announcement
dated 17 November 2022).
In late 2022, Emmerson completed an RC and diamond drill programme, which resulted in the discovery of several new high-grade
lodes and extensions to the known mineralisation (see ASX Announcements dated 17 November and 12 December 2022 and 21
March 2023).
The 2022 drilling intersected very significant and high-grade zones including:
o 28m at 28.3 g/t gold from 141m (GFRC063) including:
▪ 9m at 84.6 g/t gold from 145m
o 15m at 8.4g/t gold from 103m (GFDD059)
o 6m at 41.2 g/t gold from 120m (GFRC060)
o 13m at 4.1 g/t gold from 87m (within 35m @ 1.8g/t Au from 69m in GFRC058)
o 6m at 5.4g/t gold from 155m (GFRC066)
o 3m at 8.0 g/t gold from 132m (GFRC061)
o 4m @ 6.8 g/t gold from 140m (within 21m @ 1.9 g/t Au in GFRC065)
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Drill results imminent and with these previous results, bodes...
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