Emmerson Resources completes maiden high-grade golden forty mineral resource estimate

Emmerson Resources Limited (ASX: $ERM) has completed the maiden Mineral Resource Estimate (MRE) for the Golden Forty Gold deposit within the Tennant Creek Mineral Field, Northern Territory. The estimate includes 935,000t @ 4.5 g/t gold for 133,900oz of contained gold using a 0.5g/t gold cutoff grade, with approximately 85% of the ounces classified as Indicated. The resource is insensitive to cutoff grade, with the global resource ounces only decreasing by approximately 5% when the cutoff grade is doubled to 1.0g/t gold. Initial metallurgical sampling using leachwell analysis has shown high gold recovery using a standard CIL flowsheet with recoveries >95% achieved.

Emmerson's Managing Director, Mike Dunbar, on the Golden Forty Mineral Resource Estimate

'Emmerson's high-grade gold inventory is rapidly growing: The completion of the Golden Forty Mineral Resource Estimate is a very substantial step forward for the Tennant Creek Project as a whole, as it adds over 75% more high-grade gold ounces to the Company's inventory, which now stands at over 300,000oz of gold at 5.2 g/t gold with the Indicated portion of the Mineral Resource now standing at over 256,000oz of gold at 6.0g/t,' said Emmerson's Managing Director, Mike Dunbar.

Summary of Golden Forty Mineral Resource Estimate and Outlook

The completion of the maiden Mineral Resource Estimate for the Golden Forty Gold deposit marks a significant milestone for Emmerson Resources, adding substantial high-grade gold ounces to the company's inventory. The resource, insensitive to cutoff grade, demonstrates the robust and consistent nature of the mineralisation, with high gold recovery achieved. Emmerson's ambitions include further development studies by their Joint Venture partner, Tennant Consolidated Mining Group, which are expected to lead to a substantial increase in the Probable Ore Reserves. The company expects the Golden Forty deposit to be transferred into their 'small mines joint venture' (SMJV), potentially impacting TCMG's plans to revitalize gold mining and processing in the high-grade Tennant Creek Mineral Field and benefit the Northern Territory.