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Pin to quick picksEmpire Metals Share News (EEE)

Share Price Information for Empire Metals (EEE)

London Stock Exchange
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Share Price: 9.65
Bid: 9.50
Ask: 9.80
Change: -0.85 (-8.10%)
Spread: 0.30 (3.158%)
Open: 10.30
High: 10.30
Low: 9.65
Prev. Close: 10.50
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Empire Metals announces potential titanium mineralisation at Pitfield

Tue, 29th Aug 2023 14:15

(Alliance News) - Empire Metals Ltd on Tuesday said results for an airborne gravity survey identified the potential for higher grade titanium mineralisation at the Pitfield project in Western Australia.

The London-based minerals explorer and developer said a "very dense" core was identified within the 40 kilometres long magnetics anomaly, which indicates "thick high-grade iron-titanium mineralised beds or large zones of hematitic iron oxides that may be associated with copper mineralisation," the company said.

A 1,500 diamond core drill programme is set to begin in September, Empire added.

Managing Director Shaun Bunn said: "There is clearly potential to discover even higher-grade mineralisation and/or zones of new economic minerals within this high-density core, and we are looking to expand our next reverse circulation drilling campaign to ensure we cover as much of these high-density targets as possible."

Shares in Empire Metals were up 0.9% at 5.35 pence each in London on Tuesday afternoon.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Empire Metals hires former Rio Tinto geologist as exploration manager

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Empire Metals hails kaolin mineralisation at Eclipse-Gindalbie project

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IN BRIEF: Empire Metals has enough cash for drilling at copper project

Empire Metals Ltd - London-based minerals explorer and developer - Says that current cash position is around GBP1.3 million and that cash reserves are sufficient for the initial soil sampling and planned maiden drill programme at the Pitfield copper project in Western Australia.

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(Alliance News) - Empire Metals Ltd on Monday said the results of surveys carried out at the Pitfield copper project in Western Australia were encouraging.

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(Alliance News) - Empire Metals Ltd on Wednesday said it has commenced exploration field work at Pitfield, Australia, ahead of schedule.

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