Emmerson Resources Limited (ASX: ERM) Announces Resource Drilling Update
Drilling Completion and Future Plans
Emmerson Resources Limited (ASX: ERM) has completed 31 holes of its RC drilling program at the White Devil Gold Project, totalling 3,050 metres. The program included a total of 35 planned holes, and drilling will resume for the final four holes starting the week of January 13, 2025.
The White Devil Gold Project, a historically high-grade mine, has produced over 760,000 ounces of gold and remains open to further exploration. As the mine was closed in 1999 due to low gold prices, more accessible mineralisation may still exist. The historical mining cut-off grades were 5-8 g/t gold, and the gold price has increased tenfold since then.
Sample Analysis and Expected Results
Emmerson Resources confirmed that all high-priority holes have been drilled and samples have been dispatched for laboratory analysis. Results from this phase of drilling in 2024 and from nearby Nobles Nob West are anticipated to be available early in 2025.
Outlook
Ongoing drilling programs are planned to further understand the geology and mineral potential of the untested areas. The company highlights its strategic and expansive land holdings in one of Australia’s most productive gold fields as key components of its future growth strategy.
Motley Fool contributor Lianne Eastty 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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