Empire Resources Limited (ERL:ASX)
1.6¢ 0.001 (6.67%)
Empire Resources Limited is principally engaged in the mineral exploration and evaluation of properties in Australia. The Company is a gold and copper focused explorer and mine developer. The Company's projects include Penny's Find gold project and Yuinmery copper-gold project. Penny's Find gold project is a near surface, gold deposit located in the Eastern Goldfields of Western Australia, within the gold mining centers of Kalgoorlie and Kanowna Belle. The gold mineralization at Penny's Find gold project is associated with quartz veining developed at the sheared contact between mafic volcanics and sediments. The Yuinmery copper-gold project is located near the town of Sandstone approximately 475 kilometers northeast of Perth in Western Australia. The Yuinmery copper-gold project lies within the Archaean Youanmi greenstone belt and covers a synclinal sequence of chloritised felsic tuffaceous rocks, sulfide bearing chert horizons, gabbro, basalt and ultramafics.