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- Shares in Empire Resources (ERL) were up as much as 25 per cent after receiving results from its Yuinmery base and precious metals project in WA
- Throughout June and July, the company undertook reverse circulation drilling to establish the continuity of the YT01, Smith’s Well and A Zone prospects
- Overall, grades peaked at 1.90 per cent copper, 0.16 per cent nickel, 0.039 per cent cobalt, 0.64g/t palladium, 0.06g/t platinum and 0.15g/t gold
- Diamond drilling will now be undertaken to test deep copper, nickel and platinum group metal targets
- Shares in Empire are still up a healthy 16.7 per cent on the market and are trading at 1.4 cents at 2:22 pm AEST
Shares in Empire Resources (ERL) were up as much as 25 per cent after receiving results from its Yuinmery base and precious metals project.
The Yuinmery Project lies 475 kilometres northeast of Perth in Western Australia and consists of six continuous mineral tenements that cover an area of 106.7 square kilometres.
Throughout June and July, Empire completed 2244 metres of reverse circulation (RC) drilling to outline the lateral extent and establish the continuity of the mineralisation at the YT01 Prospect, the Smith’s Well Prospect and the A Zone Prospect.
Overall, grades peaked at 1.90 per cent copper, 0.16 per cent nickel, 0.039 per cent cobalt, 0.64 grams of palladium per tonne (g/t), 0.06g/t platinum and 0.15g/t gold.
Empire has designed diamond drilling programs to test deep copper, nickel and platinum group metal (PGM) targets with work to begin once drill contractors have been engaged.
Managing Director Sean Richardson commented on the results and future drilling programs.
“The RC drilling results from Yuinmery are extremely encouraging and reinforces our belief that the Yuinmery Project offers significant opportunities for further mil-element mineral discoveries,” Mr Richardson commented.
“The deep RC drilling has yielded strong copper, nickel, cobalt and palladium results supporting the hypothesis that mineralisation at Yuinmery will continue at depth.”
“Diamond core drilling is planned to test the continuity of the mineralisation which is currently open at depth and along strike.”
Shares in Empire were still up a healthy 16.7 per cent on the market and were trading at 1.4 cents at 2:22 pm AEST.
