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Pin to quick picksEmpire Metals Share News (EEE)

Share Price Information for Empire Metals (EEE)

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Share Price: 9.60
Bid: 9.20
Ask: 10.00
Change: -0.30 (-3.03%)
Spread: 0.80 (8.696%)
Open: 9.95
High: 9.75
Low: 9.40
Prev. Close: 9.90
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Empire Metals kicks off exploration campaign at Pitfield

Thu, 29th Feb 2024 13:49

(Sharecast News) - Empire Metals initiated a significant exploration campaign at its Pitfield Project in Western Australia on Thursday, marking a pivotal step forward in its resource development endeavours.

The AIM-traded firm said the project, aimed at evaluating high-grade titanium-mineralised zones conducive to shallow open-pit mining, would see the completion of 800 metres of diamond core drilling by the end of March, followed by a 40-hole reverse circulation drilling campaign spanning 6,000 metres, expected to conclude in about 10 weeks.

It said the comprehensive drilling effort aimed to quantify the extent of two identified high-grade titanium-mineralised zones, strategically chosen for resource evaluation work.

Secondly, the diamond core drilling component was poised to furnish essential core samples for further mineralogical analysis and metallurgical testing, expediting the economic assessment and subsequent development phases of the project.

The company said the diamond core drilling programme was designed to comprise four angled boreholes, each to a depth of 200 metres.

Those holes would specifically target the confirmation of near-surface, high-grade titanium mineralization previously identified through initial drilling campaigns and surface sampling efforts.

At the same time, the upcoming reverse circulation drilling phase, constituting the project's third campaign to date, would serve to both expand on and delineate the known high-grade, bedded mineralisation zones.

Additionally, it would explore newly-identified targets along the length of the magnetics-gravity anomaly, further enhancing the project's understanding of its geological potential.

"I am delighted to announce that we have commenced drilling the first of the next four diamond core holes we have planned for Pitfield," said managing director Shaun Bunn.

"The diamond core drilling, the second campaign of diamond drilling at Pitfield, represents the start of a major project development push, aimed at providing key samples for mineralogical and metallurgical characterisation, with a view to establishing an economic processing route to produce high-value products.

"The diamond core holes are focussed in areas of known titanium-enriched mineralisation, based on the results of our previous drilling campaigns, and the information we will gain from these four, 200 metres deep, drill cores will be invaluable in terms of increasing our understanding of the nature of the titanium minerals and their metallurgical characteristics."

At 1330 GMT, shares in Empire Metals were down 4.26% at 9p.

Reporting by Josh White for Sharecast.com.

More News
29 Aug 2023 14:15

Empire Metals announces potential titanium mineralisation at Pitfield

(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.

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2 Aug 2023 11:29

IN BRIEF: Empire Metals completes airborne gravity survey at Pitfield

Empire Metals Ltd - London-based minerals explorer and developer - Says an airborne gravity survey has been completed at its Pitfield project in Western Australia. Says gravity data will be used to identify potential drill targets. Adds a drill programme will be carried out to confirm the scale of the titanium-enriched mineral system.

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Empire Metals shares surge on presence of ilmenite at Pitfield project

(Alliance News) - Empire Metals Ltd on Tuesday said it has confirmed the presence of ilmenite, a key titanium mineral, at its Pitfield mine in Western Australia.

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3 Jul 2023 10:46

IN BRIEF: Empire Metals sees high-grade titanium footprint at Pitfield

Empire Metals Ltd - London-based minerals explorer and developer - Says that maiden reconnaissance drilling programme confirms extensive titanium-rich minerals associated covering virtually the entire 40 kilometre by 8.0 kilometre magnetics anomaly found in September 2022 aeromagentic data at its Pitfield project, Western Australia. Empire Metals said Pitfield has the potential to be one of the largest primary titanium mineral sources in the world. Empire Metals notes that titanium is on the "critical mineral list" in countries including the US, EU, Japan and Australia.

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Empire Metals annual loss narrows as Australian footprint grows

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Empire Metals reports very positive results from Pitfield drilling

(Sharecast News) - Empire Metals announced successful results from its maiden reverse circulation drill programme at the Pitfield Project in Western Australia on Tuesday, which confirmed the presence of a vast hydrothermal mineral system enriched in titanium and copper.

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30 May 2023 10:50

Empire Metals shares surge on 'giant' titanium and copper discovery

(Alliance News) - Empire Metals Ltd on Tuesday confirmed the presence of a giant-scale hydrothermal titanium and copper mineral system at its Pitfield project in Western Australia.

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Empire Metals says exploration licence granted for Walton project

(Alliance News) - Empire Metals Ltd on Wednesday said an exploration licence for the Walton copper-gold-lithium project in Western Australia has been granted.

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26 Apr 2023 13:08

Empire Metals granted exploration licence for Walton

(Sharecast News) - Resource explorer and developer Empire Metals announced the granting of the exploration licence for the Walton copper-gold-lithium project in Western Australia on Tuesday, in which it holds a 70% interest.

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23 Mar 2023 14:44

Empire Metals to start maiden drill programme at Pitfield

(Sharecast News) - Empire Metals announced on Thursday that its maiden drill programme would begin by 31 March at the Pitfield Copper Project in Western Australia.

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Empire Metals set to start maiden drilling at Pitfield project

(Alliance News) - Empire Metals Ltd on Thursday celebrated progress at its Pitfield copper project in Western Australia, as maiden drilling looks set to begin.

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