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- Empire Resources (ERL) has intersected broad sulphide mineralisation while drilling at the Yuinmery Copper-Gold Project in Western Australia
- Drilling at the site’s Smith Well Prospect intersected 0.5 per cent copper, 0.25 per cent nickel and 0.03 per cent cobalt across 16 metres
- At the site’s YT01 Prospect, one-metre composite sampling intersected 0.47 per cent copper and 0.07 grams per tonne of gold
- Further drilling is planned around the Smith Well Prospect in the current quarter, based on the results of a recent downhole electromagnetic survey
- Empire Resources shares are trading just under eight per cent lower today, currently worth 1.2 cents each
Empire Resources (ERL) has intersected broad sulphide mineralisation while drilling at its Yuinmery Copper-Gold Project in Western Australia.
At the site’s Smith Well Prospect, the company intersected 0.5 per cent copper, 0.25 per cent nickel and 0.03 per cent cobalt across 16 metres.
Within this result was a higher-grade intercept of 0.88 per cent copper, 0.32 per cent nickel and 0.04 per cent cobalt across one metre.
Empire also performed a downhole electromagnetic survey at the prospect, which identified a highly conductive mineralised pyrrhotitic shale horizon.
Further drilling is planned around the prospect in the current quarter, which will target the electromagnetic plates.
Further, the company has released the copper and gold results from one-metre composite sampling taken at the site’s YT01 Prospect back in March.
The sample returned a result of 0.47 per cent copper and 0.07 grams per tonne of gold. The highest-grade one-metre segment within this result was one per cent copper and 0.18 grams per tonne of gold.
Empire’s Managing Director, Sean Richardson, is very encouraged by the results.
“The presence of broad zones of disseminated to matrix sulphide mineralisation and a strong DHEM conductor further enhance the potential for the prospect to host significant copper-nickel mineralisation,” Sean explained.
“The excellent results generated so far from all Yuinmery prospects highlight the potential for discovery of new copper-gold deposits within the project limits. The company’s systematic approach to its exploration is steadily exposing Yuinmery’s secrets,” he said.
Sean went on to say that the company looks forward to exploring the project during the upcoming season.
Empire Resources shares gained over 18 per cent yesterday, but this morning have pared back some of the wins. Shares are trading 7.69 per cent lower in mid-morning trade, currently worth 1.2 cents each.
