TIDMEEE
RNS Number : 1415X
Empire Metals Limited
24 April 2023
Empire Metals Limited / LON : EEE / Sector: Natural
Resources
24 April 2023
Empire Metals Limited
("Empire " or "the Company")
Completion of Maiden Drilling Campaign at the Pitfield
Project
Empire Metals Limited (LON: EEE), the AIM-quoted resource
exploration and development company, is pleased to announce that
the Company's maiden Reverse Circulation ('RC') drill programme has
been completed at the Pitfield Copper Project ("Pitfield") located
in Western Australia, with a total of 3,206 metres drilled.
Highlights
-- A maiden, reconnaissance RC drilling campaign has been
successfully completed at Pitfield, with samples dispatched to the
assay laboratory.
-- Drilling was focused primarily on the Mt Scratch prospect
area of the licence where the Company has identified an extensive,
highly chargeable-highly resistive anomaly.
-- The drill campaign consisted of 21 RC drill holes covering a
total of 3,206 metres, with the average downhole depth of each hole
being approximately 150 metres.
-- A key objective of this maiden drill programme was to better
understand the geology and to determine the significance of the
highly chargeable-highly resistive zones identified from the
Dipole-Dipole Induced Polarisation ('DD-IP') survey results
(announced 6 February 2023).
Shaun Bunn, Managing Director, said: " I am pleased to announce
that field activities for the maiden, reconnaissance drilling
campaign at Pitfield have now been completed and that the drill
samples have been dispatched to our laboratory assay provider,
Intertek Minerals located in Perth Western Australia.
"We have also completed another campaign of soil sampling and
further DD-IP surveying activities in March and expect soil assay
results and the geophysical data assessment to be available
shortly. I look forward to providing further updates in due course
as we continue our high impact exploration campaign at
Pitfield."
The Pitfield Copper Project
Empire holds a 70% interest in Pitfield which is comprised of
four granted Exploration Licences (E70/5465, E70/5876, E70/6320 and
E70/6323) covering 1,042km(2) . Pitfield is located near Three
Springs, a town 313km north of Perth, Western Australia on the
Midlands Road, which until the opening of the Brand Highway in 1975
was the main road route from Perth to the state's north (refer
Figure 1).
Figure 1. Pitfield Project Location
Pitfield Maiden Drilling Campaign
Empire commenced its maiden drilling campaign at Pitfield on 27
March 2023 with the main objective of testing the highly
chargeable-highly resistive zones identified by DD-IP survey. This
reconnaissance RC drilling was performed by Perth based Strike
Drilling Pty Ltd, under the supervision of Empire's Exploration
Manager, Mr Andrew Faragher.
The drilling campaign was successfully completed, on time and
within budget, with the final hole being drilled by 15 April. In
total 21 RC holes were drilled covering a total of 3,206 metres,
with the average downhole depth of each hole being approximately
150 metres. Samples were taken at 2m intervals from surface for
assaying purposes and at the conclusion of the campaign these
samples were shipped to Intertek Minerals, in Perth, for
multi-element analysis with a subset of samples sent for
mineralogical analysis.
The majority of the drilling was performed near Mt Scratch, with
the first 11 holes focusing on the 800m long highly chargeable
anomaly, adjacent to where the Company previously found high-grade
copper-silver rock specimens (announced 30 January 2023). A further
seven holes were drilled across two other highly chargeable targets
lines within a few kilometres south of Mt Scratch. The final three
holes were spaced separately and located much further to the south
of Mt Scratch, again targeting highly chargeable anomalies. The
drill hole collar locations are presented in Figures 2 and 3.
Figure 2. Drill Hole Locations within E70/5465 (background magnetic intensity image)
Figure 3. Mt. Scratch Drill Hole Locations (background magnetic intensity image)
**ENDS**
For further information please visit www.empiremetals.co.uk or contact:
Empire Metals Ltd Tel: 020 7907 9327
Shaun Bunn / Greg Kuenzel
S. P. Angel Corporate Finance LLP Tel: 020 3470 0470
(Nomad & Broker)
Ewan Leggat / Adam Cowl
-------------------
Shard Capital Partners LLP (Joint Tel: 020 7186 9950
Broker)
Damon Heath
-------------------
St Brides Partners Ltd (Financial Tel: 020 7236 1177
PR)
Susie Geliher / Ana Ribeiro / Max
Bennett
-------------------
About Empire Metals Limited
Empire Metals is an AIM-listed (LON: EEE) exploration and
resource development company with a project portfolio comprising
copper and gold interests in Australia and Austria.
The Company's strategy is to develop a pipeline of projects at
different stages in the development curve. Its current focus is on
the Pitfield Project in Western Australia, which has demonstrated
strong potential to be a new "Giant" copper mineral system. The
Company is also advancing the Eclipse-Gindalbie Project in Western
Australia, which is prospective for high-grade gold and also
kaolin, which is used extensively in a number of industries and is
considered to be a desirable feedstock for the production of
high-purity alumina - an essential component in lithium-ion
batteries.
The Company also has two further exploration projects in
Australia; the Walton Project in Western Australia, and the Stavely
Project in the Stavely Arc region of Victoria, in addition to three
precious metals projects located in a historically high-grade gold
production region in central-southern Austria.
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