Empire Resources Limited is an ASX listed and Perth based precious and base metal focused explorer and project developer.
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An ongoing drilling campaign at the ‘A Zone’ prospect is likely to lead to a maiden JORC resource in the coming months. Reinterpretation of geophysical data has identified two new drilling targets between the Just Desserts deposit and A Zone. If this area is mineralised, it would significantly enhance the economics of the project. The acquisition of the Point Kidman gold project, near Laverton, was done so under highly attractive terms and provides a prospective early stage gold exploration project.
Empire’s flagship Yuinmery project currently hosts the Just Desserts deposit with a JORC (Indicated and Inferred) resource of 1.07Mt @ 1.82% Cu and 0.8g/t Au. The nearby ‘A Zone’ prospect, located ~1.3km north of Just Desserts, has recently been the subject of a drilling campaign where intercepts include 10m @ 1.8% Cu and 0.87g/t Au from 222m and 19m @ 1.8% Cu and 0.3g/t Au from 240m with mineralisation still open at depth. A new 6 diamond hole drill program is set to commence imminently ahead of the estimation of a maiden JORC Resource.
Reinterpretation of geophysical data over the Yuinmery project has identified an additional two ‘extensional targets’ between A Zone and Just Desserts which appear on the same horizon and may well link the two deposits. The identification of mineralisation in this area would have major positive implications, significantly enhancing the economic viability of the project.
Empire also recently acquired a 70% interest (under highly attractive terms) in a prospective gold exploration project at Point Kidman, 40km east of Laverton, WA. No previous drilling or old gold workings exists over the licence area, however recent prospecting has identified a 2.5km anomalous gold zone where numerous gold nuggets have been found. The anomalous zone demonstrates similar geological characteristics to that of the nearby and world renowned 4Moz Granny Smith Gold Mine.
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