EMMERSON Resources (ERM) continues to report encouraging results from Tennant Creek in the Northern Territory. The results at the Golden Kangaroo East prospect included several high-grade gold intercepts near the surface.
Assay results have been returned for 18 holes from the 32-hole drill program, with eight containing significant gold mineralisation. The prospect is 15km east of Tennant Creek and occurs along-strike from the historic Golden Kangaroo underground workings. The Golden Kangaroo East prospect was discovered by the former Giants Reef Mining in late 2004. Managing director Rob Bills said drilling in late May confirmed the presence of potentially economic gold mineralisation within a shear zone located under a few metres of cover. Gold mineralisation has been intersected over a strike length of at least 30m and extends to about 50m below surface. ERM shares closed at 16.5c.
Anyone know if this is near Psp current drilling ?
PSP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
