Emmerson Resources Limited announced that a maiden Mineral Resource Estimate (MRE) for the Mauretania Gold Project at Tennant Creek, Northern Territory. The MRE is an important part of the mining studies being undertaken by JV partner TCMG and provides a further boost to the previously announced Chariot MRE with a view to commencing future mining and processing. A total of 28,974 ounces of gold have been estimated and classified as Indicated and Inferred under the JORC 2012 Code.

The MRE is reported above a 0.5g/t gold cut-off grade and above the 190mRL (within 140m of surface). In 2021, TCMG engaged Optiro, (as part of TCMG's obligations under the Small Mines Joint Venture with Emmerson) to complete an MRE on the Mauretania gold prospect. This scope of work included geologically modelling the ironstone and the surrounding, gold-bearing chlorite alteration halo incorporating all results from Emmerson drilling.

The Mauretania orebody remains open and poorly explored at depth. For instance, the recently announced intersection from MTDD010 of 3.95m at 57g/t gold and 0.23% copper from 207m sits 70m below the base of the currently reported MRE. The recent results from the high-resolution drone geophysical survey also indicates that the host ironstone continues at depth.

The Mauretania MRE is reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 (JORC Code) and the Australian Securities Exchange Listing Rules. Highlights: Shallow, high grade maiden Mineral Resource Estimate (MRE) for the Mauretania gold deposit at Tennant Creek: 256,216t at 3.5g/t Au for 28,974oz Au Emmerson is entitled to a free carried 6% gold revenue royalty at Mauretania. Mauretania resource remains open and unexplored at depth.

Significant scope exists to increase the resource with further drilling: Drill hole MTDD010 returned a bonanza intercept 70m below this reported resource of 3.95m at 57g/t gold and 0.23% copper from 207m. Preliminary high-resolution magnetic drone survey results indicate the host ironstone unit to continue at depth. Joint Venture partner, Tennant Consolidated Mining Group (TCMG) is undertaking advanced studies across several future mines including Mauretania and the recently announced Chariot MRE, ahead of finalising mining and production schedules within the Joint Venture areas.