Empire Resources (ASX: ERL) has received a $498,000 funding boost with the company's exploration activities north of Kalgoorlie recognised with a Federal Government research and development tax offset payment.
The Government support breaks down to an R&D Tax offset payment for the metallurgical and processing techniques used by the company to evaluate and advance the high grade A Zone deposit at its wholly-owned Yuinmery copper-gold project.
Empire is currently focused on delivering a maiden JORC Resources for the A Zone, where high grade copper – gold mineralisation remains open at depth, and highlighting the prospectivity of the area - Empire has already identified an Indicated and Inferred resource of 1.07 million tonnes at 1.8% copper and 0.8g/t gold at the Just Desserts deposit directly south of A Zone.
An Important factor for these two prospects, Just Desserts and A Zone, (the most advanced at the project, is that they occur in the same mineralised horizon which has been disrupted and offset by faulting.
Empire continues to drive the expansion of the Yuinmery resource as its central focus, generating additional targets in between known mineral deposits - where no drilling or sampling has been carried out previously.
The impact is that if the company can prove mineralisation exists then this could have a positive impact on the size and economics of the Yuinmery project as it targets increasing JORC Resources - and progresses toward a development decision.
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