Empire Metals Limited Initial Drilling Results at Eclipse Gold Project (4026D)
October 28 2020 - 3:00AM
UK Regulatory
TIDMEEE
RNS Number : 4026D
Empire Metals Limited
28 October 2020
Empire Metals Limited / AIM: EEE / Sector: Natural Resources
28 October 2020
Empire Metals Limited ('Empire' or the 'Company')
Positive Initial Drilling Results at Eclipse Gold Project
Empire Metals Limited, the AIM-quoted resource exploration and
development company, is pleased to announce the first reverse
circulation ('RC') drilling assay results at the Eclipse Gold
Project, located 55km north-east of Kalgoorlie, Western Australia
('Eclipse' or the 'Project').
The 2,300m drill programme has initially focused on the Eclipse
target within the licence, where a total of 1,710 metres has been
drilled to date. The first assay results returned are for drillhole
ECRC20_039, which intersected the main vein at Eclipse at
approximately 85m from surface: 14m @ 2.57 g/t gold ('Au') from 94m
downhole (using a 0.5 g/t Au cut-off), including 4m @ 4.98 g/t Au
from 97m.
Site preparation is also underway at the second of three key
targets, Houdini, approximately 1.2km north-west of Eclipse, where
drilling is expected to commence shortly.
Mike Struthers, CEO, said: "These first results from the RC
programme are encouraging. The drill programme at the Eclipse
deposit itself is now nearing completion and we look forward to
publishing further assay results and geological details as they
become available. It will also be very interesting to see what we
find from the first drilling at the Houdini target, which should
commence shortly. I look forward to providing more updates in due
course."
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
Soltan Tagiev 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
Beth Melluish St Brides Partners Ltd PR Tel: 020 7236
1177
Competent Person Statement
The information in this announcement that relates to Drilling
Results is based on information reviewed by Mr. Mike Struthers, who
is a Member of the Institute of Mining, Metallurgy and Materials
(IOM3), a Chartered Engineer with the IOM3, and a Member of the
Australian Institute of Mining and Metallurgy.
Mr. Struthers is an employee of Empire Metals Ltd. He has
sufficient experience, relevant to the style of mineralisation and
type of deposit under consideration and to the activity which he is
undertaking, 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' and as a qualified
person as defined in the Note for Mining and Oil & Gas
Companies which form part of the AIM Rules for Companies. Mr
Struthers has reviewed this announcement and consents to the
inclusion in the announcement of the matters based on his
information in the form and context in which it appears.
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. In
addition to the known mineralisation at and surrounding the Eclipse
old workings, recent geophysics and geochemistry work has
highlighted further potential mineralisation at two additional
targets north-west of Eclipse, the Houdini and Easy prospects.
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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