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The hole recorded 94.4m grading 2.7% copper, 5.6 grams per tonne gold, 17.9gpt silver and 0.44% bismuth from 85m including multiple higher-grade intervals highlighted by 5m at 19.4% copper, 214gpt gold and 13.75% bismuth and 0.12% cobalt from 164m.
The discovery hole was 116m at 3.4% copper and 0.9gpt gold.
"The relatively constrained plan/horizontal footprint is on scale with many of the other Tennant Creek orebodies - the differentiator being that Hermitage is shaping up as a high grade, multi commodity discovery," Emmerson said.
"Following the receipt of the final assays in this program, the geological model will be updated, and more drilling planned to test the extent of the high-grade mineralisation, particularly beneath the fault."
Emmerson had cash at the end of June of $9 million.
Shares in Emmerson have been trading at 11c, capitalising the company at $60 million.
