Emmerson Resources (ASX:ERM) said it intersected high-grade mineralization outside the current resource at 27 of the 40 drill holes completed as part of its recent reverse circulation drilling campaign at its White Devil gold project in the Northern Territory, according to a Monday Australian bourse filing.
It reported that the last nine lower priority drill holes at the project also intersected mineralization, including 10 meters at 1.2 grams per tonne grade of gold from eight meters, seven meters at 1.2 g/t grade of gold from 118 meters, and four meters at 1.7 g/t grade of gold from 80 meters.
The campaign confirmed that mineralization extends into the eastern shallow portion of the deposit. It is completing an updated mineral resource estimate.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.