Empire Metals hails 'new type' of titanium anomaly at Pitfield
3D graphics show the deposit extends 6 kilometres (km) down as well as 40 km by 8 km on surface
Company
LON:EEE
Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource development company focused on the commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂. With excellent logistics and established infrastructure, Pitfield is strategically positioned to supply the growing global demand for titanium and other critical minerals.
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3D graphics show the deposit extends 6 kilometres (km) down as well as 40 km by 8 km on surface
"The discovery of titanium-rich minerals in my view tells us we have a 'Land of Giants' to explore“
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Historical geochemical sampling indicates high background values for copper, silver, zinc and nickel, including up to 2.3% copper and 20.8 grammes a tonne silver
Exploration work at Pitfield will now be accelerated in 2023
“The large area contained within and around the margins of this feature is considered highly prospective for sediment-hosted copper," Shaun Bunn, Empire managing director said
“We now benefit from both a comfortable cash position and also a portfolio of high-quality exploration projects"
"This is a tremendous result for Empire,” said managing director Shaun Bunn
"These results are very encouraging having returned multiple significant intercepts which supports our hypothesis that the combined Eclipse-Gindalbie project has the potential to support a significant gold resource,” said managing director
In April, Empire acquired three copper-gold projects in Australia, Pitfield, Walton and Stavely
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Drilling will focus on the most prospective targets within the project, including Homeward Bound
Pitfield's favourable geology has attracted major mining companies that have historically carried out preliminary exploration activities within the area
Significant drilling is planned for the Eclipse-Gindalbie gold project
It plans to drill 13 of the 26 drill holes at Homeward Bound
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Mining first began in the area more than a hundred years ago
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The new investment will fund work on the Eclipse and Gindalbie projects in Western Australia
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The new projects lie within mining regions well known for world-class and significant copper and/or gold discoveries
"We are extremely pleased with the results from our initial drilling campaign at Gindalbie, which was a purely speculative effort aimed at identifying priority targets for further, more detailed exploration activities," said managing direct
The project lies within the highly concentrated gold mining region of the Yilgarn
Gindalbie lies adjacent to Empire's high-grade Eclipse gold project
Empire has plenty of cash and plenty of ground prospective for gold
Empire has an option to acquire a 75% interest in the Central Menzies project.
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“This is an exciting opportunity, significantly expanding our exploration camp in the Gindalbie goldfields," said Empire managing director Shaun Bunn.
"A thorough and rigorous assessment of the data collected to date has been completed"
Exploration will be focused on the mineralised trend known as Nugget Patch
Further drilling is warranted along the western flank of the Nugget Patch trend and adjacent to the historical Teglio mine shaft
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“Our Eclipse and Central Menzies projects have provided us with a foothold in one of the most productive gold regions globally," said Neil O'Brien.
There's likely to be plenty of newsflow in the coming months as the pace of work accelerates
"In considering how best to approach the next phase of exploration at the Eclipse gold project it has become apparent that we need to determine what controls the gold mineralisation," said managing director Shaun Bunn
Twenty-six holes are planned for a total of 2,140m targeting two prospects, Teglio and Nugget Patch
Empire Metals has significant exposure to gold exploration in Australia
Empire is dropping the open-pit strategy at the project near Kalgoorlie
More than 9,000 metres were drilled over the past year, which has confirmed there are several parallel veins
It marks the start of what the explorer describes as a substantial drilling campaign that comes with "a high degree of confidence"
Drilling results confirmed the presence of additional mineralised zones
Empire Metals has an option to buy a 75% interest in the four exploration licences
The new focus is principally within the Western Australian gold sector, where it has interests in the Eclipse and Central Menzies gold projects
The Central Menzies project is owned by Kalgoorlie prospector, Mel Dalla-Costa, who has been responsible for many significant discoveries in the Western Australia gold fields over the past 50 years
The company's main focus is on the high-grade Eclipse gold project in Western Australia which produced around 750 ounces of gold from the Eclipse shaft up until 1910
Empire Metals has hit the ground running with its exploration programmes on the recently acquired Eclipse project
Empire is beginning to build up a good store of knowledge on the Eclipse project
The exploration and resource development company noted that the programme is fully funded
Empire Metals has been able to secure equipment and personnel to proceed with the work
Empire has been working at Eclipse for some time, with highly encouraging results
The company said the second phase of drilling at the site in Western Australia has confirmed the existence of a number of parallel veins in addition to the main Eclipse vein
The focus is now firmly on Australia, where drilling continues to intercept gold
It is a 4,000-metre drilling programme, comprising over 40 holes, designed to infill the first phase drilling as well as test extensions to the mineralisation at the project
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The company has added confidence in the project through its early work programme.
The Eclipse project is located in a highly prospective and well-established mining district in Australia
Empire Metals' Eclipse project is in one of the best gold addresses in the world
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