Emmerson Resources Limited announced Further High-Grade Precious and Base metal mineralisation at Tennant Creek. The Golden Forty project is within the 100% Emmerson owned Southern Project Area where JV partner TCMG is earning an interest by funding the exploration. All assay results from the latest drill campaign at the Golden Forty project have now been received and reported.

This campaign consisted of 20 RC and six diamond drill holes, totaling some 4,500m, that targeted both extensions to existing mineralisation in the Golden Forty Mine and new zones of mineralisation at Golden Forty North and East. No holes were drilled at Golden Forty South however this area remains prospective based on the new high-resolution magnetics. These new results from Golden Forty North of 15m at 8.4g/t gold and 0.34% bismuth (from 103m), including 6m at 17.5g/t gold and 0.6% bismuth (in drill hole GFDD059), and 6m at 5.4g/t gold from 155m (in GFRC066) confirm a major high-grade extension to the historic Golden Forty Mine.

This extension is some 40m to the north and consists of an east-west striking ironstone with a steep northerly plunge that remains open and has potential for shallow mineralisation within a conceptual open pit. The high-grade nature of the gold mineralisation is attributed to extensive brecciation and pervasive hematite-chlorite alteration of the magnetite host. The base and precious metal results from the new Golden Forty East area provides some possibilities both down plunge and along strike toward Golden Forty South.

GFRC074 intersected a shallow but thick zone of 28m at 3.5% lead, 0.31% copper and 0.36% zinc from 91m, which included 2m at 12.3% lead and 0.55% zinc and 0.24g/t gold. This mineralisation is associated with intense dolomite-talc-chlorite alteration typically found on the periphery of higher-grade gold . GFDD063 intersected 4.6m at 9g/t gold (from 67m) to the south-west and indicates a gold vector toward Golden Forty South and the subject of further drilling.

The diamond drill holes, two of which were drilled at G40 East (GFDD058 and GFDD063) were part of the collaborative funding with the NTGS (under the NT Government Resourcing the Territory initiative). Drilling within the Golden Forty Mine environment was aimed at confirming remanent ore within the historical mine void model. The assay results from GFRC072 of 7m at 3.6g/t gold from only 45m below the surface indicate excellent potential for shallow, up plunge extensions.

A significant portion of the Golden Forty magnetic anomaly remains unexplained and untested by drilling and is where work is currently underway with the CSIRO on refining the processing of the magnetics. This cutting-edge research project aims to accurately locate the magnetic source relative to that measured by the drone survey and as such has been awarded co-funding with the NTGS through the Geophysics and Drilling Collaboration. Follow-up activity, including further drilling for the upcoming 2023 Tennant Creek field season.