Emmerson Resources Limited (ASX: ERM) Commences Drilling at White Devil Gold Project
Drilling Activities Initiated
Emmerson Resources Limited (ASX: ERM) has commenced Reverse Circulation (RC) drilling at the White Devil Gold Project in the Northern Territory. The program encompasses 35 holes and approximately 3,500m of drilling, focusing on the eastern extension of previously untested high-grade gold mineralisation.
The White Devil Gold Project, which produced over 760,000 ounces of gold from 1987 to 1999, has remained open to both the east and at depth. The mine primarily ceased operations due to low gold prices at that time. Given the significant increase in gold prices since then, the unmined areas present an attractive opportunity for Emmerson.
Future Outlook
The drilling is expected to conclude before Christmas, with assay results anticipated in early 2025. The White Devil site has historical significance, with previously mined gold cut-off grades ranging from 5-8 g/t.
Additionally, Emmerson has completed drilling at the Nobles Nob West prospect, comprising seven holes. Samples are being prepared for laboratory analysis. This prospect is situated approximately 1,500m from a processing plant, which is currently under construction and on track for commissioning in Q2 of 2025.
Executive Comments
Mike Dunbar, Managing Director and CEO of Emmerson, stated, “We are excited about the potential of the White Devil Gold Project, given its historical performance and the heightened gold prices. We look forward to sharing assay results and continuing to develop our projects.”
Further updates will be provided as data becomes available.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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