Initial Drilling Results at Eclipse Gold Project

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: [phone]
Ewan Leggat	S. P. Angel Corporate Finance LLP	Nomad & Broker	Tel: [phone]
Soltan Tagiev	S. P. Angel Corporate Finance LLP	Nomad & Broker	Tel: [phone]
Damon Heath	Shard Capital Partners LLP	Joint Broker	Tel: [phone]
Susie Geliher	St Brides Partners Ltd	PR	Tel: [phone]
Beth Melluish	St Brides Partners Ltd	PR	Tel: [phone]

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.

 

END

 

 

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