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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: 9.85
Bid: 9.70
Ask: 10.00
Change: -0.65 (-6.19%)
Spread: 0.30 (3.093%)
Open: 10.30
High: 9.85
Low: 9.60
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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