Emmerson Resources identified high-grade mineralisation, with gold grades reaching up to 43.2 g/t through extensional reverse circulation drilling at the Golden Forty deposit.

Intersections include 20m @ 4.7 g/t gold, 6m @ 15.2 g/t gold, and 18m @ 1.3 g/t gold, with 10m @ 2.1 g/t gold. The drilling extended known mineralisation at depth below historical high-grade levels.

Mineral resource estimation is underway and expected to conclude this quarter. Cyanide leaching tests have been initiated to confirm recoveries from the historical processing flowsheet.

A scoping study will follow, facilitating a mining joint venture with a 6% production royalty for Emmerson.