Emmerson Resources Limited announced Bonanza Gold from an emerging new ore zone at Tennant Creek. Key highlights include: New assay results from RC drill holes at Golden Forty include: 28m at 28.3g/t gold in drill hole GFRC063 (from 141m) in a significant down plunge extension to the north of the existing underground mine workings. The intercept includes: 9m at 84.6g/t gold and 1.14% bismuth from 145m; 4m at 109g/t gold and 2.08% bismuth; 3m at 8g/t gold in GFRC061 (from 132m) including: 1m at 16.2g/t gold from 133m; 21m at 1.9g/t gold in GFRC065 (from 140m) including: 4m at 6.8g/t gold from 140m.

A further thick zone of hematite - magnetite - chlorite alteration, the typical host to high-grade gold mineralization was intersected a further 15m down plunge of GFRC063 with assays pending. This follows previous results within the Golden Forty ore zone of: 6m at 41.2g/t gold in GFRC060 (from 120m) including: 4m at 60.6g/t gold and 1m at 203g/t gold; 35m at 1.8g/t gold in GFRC058 (from 69m) including: 13m at 4.1 g/t gold and 0.62% bismuth and 1m at 41.4g/t gold and 7.08% bismuth; 30m at 1.1g/t gold in GRFC059 (from 87m) including: 3m at 4g/t gold and 2m at 4.5g/t gold and 0.23% bismuth. Assay results from the remainder of the 18 drill holes are expected in January - February 2023, including the results from diamond drilling.