TIDMEEE
RNS Number : 6324W
Empire Metals Limited
27 April 2021
To view the announcement with the illustrative images please use
the following link:
http://www.rns-pdf.londonstockexchange.com/rns/6324W_1-2021-4-26.pdf
Empire Metals Limited / AIM: EEE / Sector: Natural Resources
27 April 2021
EMPIRE METALS LIMITED
Drilling Recommences Alongside Initial Non-Compliant Resource
and
Other Studies at Eclipse Gold Project
Empire Metals Limited ('Empire' or the 'Company') , the
AIM-quoted exploration and resource development company, is pleased
to confirm that the next phase of works at the Company's Eclipse
Gold Project, located 55km north-east of Kalgoorlie, Western
Australia ('Eclipse' or the 'Project'), as announced on 17 March
2021, has commenced.
Drill Programme
The fully funded drill programme is focussed on two main
objectives:
1. Resource drilling at Eclipse Mine target - 200m of diamond
drilling in three holes to duplicate selected recent reverse
circulation ("RC") drillholes for resource estimation purposes, to
enable initial geotechnical core logging as input to a preliminary
pit design, and to provide samples for metallurgical testing.
2. Expansion drilling at new Jack's Dream discovery - 1,700m of
RC drilling in 17 holes, mainly focussed on infill drilling
adjacent to wide intersections of mineralisation and high-grade
intercepts around the Jack's Dream workings, north-west of the
Eclipse shaft, to further expand the mineralisation and potential
resources.
Maiden Resource at Eclipse
An initial non-compliant resource has been prepared for the
Eclipse shaft area. The non-compliant resource, based on a cut-off
grade of 1.3 g/t Au and a minimum downhole length of 2m, is
below.
Tonnes Au (g/t) Au ounces
(cut*) (cut*)
92,913 2.25 6,706
--------- ----------
* The data was top-cut at 22 g/t Au
The current diamond drilling and other works (metallurgical
testing etc) will enable an updated resource estimate to be
prepared, compliant with JORC 2012.
Eclipse Mine Target
Work is also continuing at the Eclipse Mine Target on
optimisations for a potential open pit which may be suitable for
initial trial mining utilising toll treatment. Metallurgical test
work on samples from the diamond drill programme will also feed
into these studies along with geotechnical logging to confirm slope
design assumptions, and an initial environmental study which is
currently underway.
Mike Struthers, Director of Empire Metals, said: "This next
phase of drilling around the Jack's Dream old workings will be
especially interesting to see if we can extend the wide
near-surface mineralised intercepts we reported previously. There
is potential for this to become a satellite to the Eclipse Mine
target, expanding the resources and open pit mining
opportunity.
"Meanwhile our work on resources, pit optimisations and related
studies at the Eclipse Mine target continues. Initial assessments
indicate an open pit operation at Eclipse would fall within the
small-scale mining legislation in Western Australia, which provides
a fast-track route to production whilst minimising the
environmental footprint, but further technical data are required to
confirm certain design assumptions. The trial mining route,
utilising toll treatment, would provide invaluable metallurgical
and operational data.
"We look forwards to updating the market as results from
drilling and other works becomes available."
Competent Person
The technical information in this report that relates to the
Eclipse Gold Project has been compiled by Mr Darryl Mapleson, a
full-time employee of BM Geological Services. Mr Mapleson is a
Fellow of the Australian Institute of Mining and Metallurgy. Mr
Mapleson has been engaged as a consultant by Empire Metals Limited.
Mr Mapleson has sufficient experience that is relevant to the style
of mineralisation and type of deposit under consideration and to
the activity being undertaken to qualify as a Competent Person as
defined in the 2012 Edition of the 'Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves'. Mr
Mapleson consents to the inclusion in this release of the matters
based on his information in the form and context in which it
appears.
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 until the release of this
announcement.
**ENDS**
For further information please visit www.empiremetals.co.uk or
contact:
Mike Struthers Empire Metals Ltd Company Tel: 020 7907
9327
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
LLP 9950
Susie Geliher St Brides Partners Ltd PR Tel: 020 7236
1177
Cosima Akerman St Brides Partners Ltd PR Tel: 020 7236
1177
About Empire Metals Limited
Empire Metals' primary focus is on the Eclipse Gold Project in
Western Australia which produced 954 tonnes @ 24.6 g/t Au for
754.25 oz Au from the Eclipse shaft which operated up to 1910.
Empire owns 75% of Eclipse with a right to acquire a further
25%.
The Company also has a 50% joint venture in Georgia which covers
an area of over 860 sq km and has a 30-year mining licence. The
joint venture covers a variety of targets and projects ranging from
greenfield exploration / target definition phase through
intermediate target-testing phases to more advanced projects
including Kvemo Bolnisi East which is due to advance to Feasibility
Study.
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
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