RNS Number : 0350W
Empire Metals Limited
20 December 2021
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Empire Metals Limited / AIM: EEE / Sector: Natural Resources
20 December 2021
Empire Metals Limited ('Empire' or the 'Company')
Exploration update for the Eclipse Gold Project
Empire Metals Limited, the AIM-quoted resource exploration and
development company, is pleased to announce an exploration update
for the Eclipse Gold Project (the 'Project') located within the
Eastern Goldfields of Western Australia.
-- A strategic technical review has revisited all data collected
over the Project licence area and focused on developing a more
advanced understanding of the structural controls on the known gold
-- The current database highlights the potential of significant
additional mineralisation discovery within the licence area as it
demonstrates only 20% of the Reverse Circulation ('RC') holes
drilled to date have penetrated below the gold-depleted regolith
zone into fresh rock.
-- A new series of drilling programmes, utilising both RC and
Diamond Drill ('DD') holes, is scheduled to commence Q1 2022 and
has been designed to gather further geological and structural
information around the Eclipse shaft ('Eclipse') and Jack's Dream
shaft ('Jack's Dream') and to prove continuity of the gold
mineralisation below the gold-depleted zone of weathering.
-- The design of a larger-scale exploration programme is also
underway to test gold targets to the north and northwest areas of
the licence area.
Shaun Bunn, Managing Director, said: " A thorough and rigorous
assessment of the data collected to date has been completed,
leading to a much better understanding of the geological and
structural controls of the gold mineralisation, which is vital for
designing and implementing the next phase of exploration. The
analysis by our technical team has confirmed that gold
mineralisation at Eclipse is associated with a NW-striking and
steeply SW-dipping shear zone with significant gold mineralisation
known to extend over a strike length of more than 200 metres.
"This interpretation has only been possible thanks to data
collected from the recent diamond drilling programme, as there was
limited structural data from the previous RC holes drilled,
particularly as only 20% of the RC holes drilled within the licence
area have been deep enough to penetrate the gold-depleted zone of
weathering into fresh rock."
Strategic Review Completed
The gold mineralisation at Eclipse is hosted in sheared felsic
to intermediate volcanics and volcaniclastic sediments, and
associated with pyrite, pyrrhotite and quartz veining. Analyses of
the structural data collected during the diamond drilling earlier
this year has confirmed the gold mineralisation to be associated
with shear foliation within the volcaniclastic sediments.
Results from previous drilling also indicate that gold
mineralisation likely continues to greater depths, and that further
drilling is warranted to test the strike and depth extensions of
multiple gold structures at Eclipse.
Figure 1: Plan view of the southern half of the Eclipse
Magnetics (RTP), with drill intercepts indicating Eclipse and
Jack's Dream area and lines delineating the long-sections shown in
Figures 2 and 3 below.
Eclipse Ore Zone
Two diamond holes drilled near the Eclipse shaft successfully
penetrated fresh rock (ECDD21_01 and ECDD21_03) and these have
provided valuable structural information pertaining to what
controls the gold mineralisation. A total of 60 structural
measurements were taken from the diamond holes, measuring the
bedding, foliation, and quartz-carbonate veining of the fresh rock.
These were plotted onto a 'stereonet' with Au assays, which showed
the high-grade mineralisation to be associated with a
steeply-dipping, northwest-southeast trending foliation. This is
vital information for planning future drillholes and targeting the
mineralisation along strike.
When the drillhole and assay data are plotted into 3D modelling
software, and a cross-section is defined along strike of the
foliation, it shows the mineralisation is open at depth and
along-strike within the fresh rock (Figure 2), highlighting areas
which to date have been completely untested. In doing so, Empire
has defined several priority drill targets for the next phase of
exploration at Eclipse.
Figure 2: Long-section of Eclipse orientated along strike of the
Viewing northeast through a 20m wide window. Shaded zone
indicates the higher grade gold mineralisation which remains open
at depth, and to the northwest, where it could potentially link to
At Jack's Dream, where only RC holes have been drilled, a
similar approach has been employed using the structural
measurements from Eclipse (Figure 3). This shows again the upside
and exploration potential for discovering more gold mineralisation
within the fresh rock at depth, which remains untested. It also
supports the idea that Eclipse and Jack's Dream are upper parts of
a larger, linked gold system at depth below the regolith horizon
between the two areas, although this concept has yet to be tested
Figure 3: Long-section of Jack's Dream along strike of the
foliation defined by DD holes from Eclipse.
Viewing northeast through a 40m wide window. Shaded area
indicates higher grade gold mineralisation which remains open at
depth, and towards the southeast.
Further Exploration Planned
The current database for the Project shows only 20% of the RC
holes drilled to date have penetrated below the gold-depleted
regolith zone into fresh rock. This is an exciting development for
the Company as it highlights the potential for significant
additional mineralisation to be discovered within the licence area,
and certainly merits further drilling. The planned drilling will be
executed as a phased approach, maximising the data collected in
each phase to guide the following phase. It is important that
additional data be collected from the fresh rock to fully
understand lithological and structural contacts, at both Eclipse
and Jack's Dream, which influence controls on the gold
mineralisation. The final design and implementation planning for
the next drilling programme is underway, which will include both RC
and DD drilling, and is expected to commence in Q1 2022.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014, as incorporated into UK law by the
European Union (Withdrawal) Act 2018, until the release of this
For further information please visit www.empiremetals.co.uk or
Shaun Bunn Empire Metals Ltd Company Tel: 020 7907
Mike Struthers Empire Metals Ltd Company Tel: 020 7907
Ewan Leggat S. P. Angel Corporate Nomad & Broker Tel: 020 3470
Finance LLP 0470
Adam Cowl S. P. Angel Corporate Nomad & Broker Tel: 020 3470
Finance LLP 0470
Damon Heath Shard Capital Partners Joint Broker Tel: 020 7186
Susie Geliher St Brides Partners Ltd PR Tel: 020 7236
Selina Lovell St Brides Partners Ltd PR Tel: 020 7236
About Empire Metals Limited
Empire Metals is an AIM-listed (LON: EEE) exploration and
resource development company with a project portfolio comprising
gold interests in Australia and Austria.
The Company strategy is to develop a pipeline of projects at
different stages in the development curve. Its current focus is on
the high-grade Eclipse Gold Project and the Central Menzies Gold
Project in Western Australia, with the goal to expand through the
addition of further projects in the region to develop a viable and
compelling portfolio of precious metals assets.
Empire also holds a portfolio of three precious metals projects
located an historically high-grade gold production region
comprising the Rotgulden, Schonberg and Walchen prospects in
The Board continues to evaluate opportunities through which to
realise the value of its wider portfolio and reviews further assets
which meet the Company's investment criteria.
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(END) Dow Jones Newswires
December 20, 2021 01:59 ET (06:59 GMT)
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