Impact: Positive
Emmerson Resources reported final drill results from its 26-hole (4,500m) 2022 drill program at the Golden Forty area of its 1,700 km2 Tennant Creek project in Northern Territory, Australia. Drilling confirmed remnant mineralization around the past-producing Golden Forty mine and expanded its footprint with high-grade gold and base metals intersections at Golden Forty North and Golden Forty East. We view the further delineation of new zones at both Golden Forty North and East as positive results. As well, this validates the company’s utilization of high-resolution magnetic data to identify drill targets.
