The Northern Territory (NT) has seen an eruption in excitement over prospects of a new gold rush after exploration teams believe they have unearthed an extraordinary high-grade deposit of the precious metal. Emmerson Resources (ER), a mineral exploration organisation, stumbled upon the remarkably rare find in the heart of the territory at Mauritania, Tennant Creek following surveying done by drones equipped with magnetic-field-detecting instruments. “There is absolutely buzz around the town,” NT Mining and Industry Minister Nicole Manison told reporters on Wednesday. “There are companies making great discoveries. We have the real potential to bring Tennant Creek back to its glory days of being a thriving mining town.” Mansion said that the NT currently had 20 mining projects working towards final investment decisions, worth a combined value of $6.2 billion (US$4.5 billion). Prior surveying technology saw planes flying at a height of 30 metres taking magnetic field measurements every 50 …
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