We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEmpire Metals Share News (EEE)

Share Price Information for Empire Metals (EEE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 6.95
Bid: 6.70
Ask: 7.20
Change: 0.10 (1.46%)
Spread: 0.50 (7.463%)
Open: 6.85
High: 7.00
Low: 6.90
Prev. Close: 6.85
EEE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Empire reports drilling results from Eclipse Gold Project

Mon, 16th May 2022 13:44

(Sharecast News) - Empire Metals announced the assay results of the diamond drill programme at the Eclipse Gold Project in Western Australia on Monday.

The AIM-traded firm said the programme - the second it carried out at Eclipse - was designed to gather further geological and structural information on the mineralised shear, and to test for lodes below the gold-depleted zone of weathering.

It said recent drilling confirmed that the gold mineralisation associated with the NW-striking and steeply SW-dipping 'Eclipse' shear zone extended over a strike length of more than 500 metres - an increase of over 300 metres from the previously-reported extent of mineralisation along the shear.

Six diamond drill holes, for a total of 999 metres, were completed, focussed mainly on demonstrating that the gold mineralisation persisted at depth around the Eclipse shaft and Jack's Dream shaft, and to test for continuity along strike between Eclipse and Jack's Dream and to the north-west of Jack's Dream.

Five of the six holes intercepted mineralisation within the Eclipse shear, with significant intercepts including 0.54 metres at 2.61 grams of gold per tonne from 138.72m downhole at ECDD22_002, 0.61 metres at 1.63 grams per tonne from 164.69 metres downhole at ECDD22_003, 0.33 metres at 4.28 grams per tonne from 165.3 metres downhole at ECDD22_003, and 0.41 metres at 2.16 grams per tonne from 78.79 metres downhole at ECDD22_005.

It also highlighted 0.48 metres at 1.64 grams of gold per tonne from 81.09 metres downhole at ECDD22_005, 0.5 metres at 1.78 grams per tonne from 121.15 metres downhole at ECDD22_006, and 0.4 metres at 1.25 grams per tonne from 122.98 metres downhole at ECDD22_006.

The board said it was "noteworthy" that ECDD22_003 and ECDD22_005 had proven the continuity of gold mineralisation to the north-west of the Eclipse shaft, indicating the potential for Jack's Dream mineralisation to link directly to the Eclipse lode.

Additionally, it said ECDD22_006 demonstrated that the mineralisation at Jack's Dream was open to the north-west, with both areas previously under-explored.

The significant intercept at depth in ECDD22_002, which was drilled below the Eclipse shaft demonstrated that the Eclipse lode remained open at depth, the company added.

It said the structural data from all six holes, which was currently under assessment, would provide "important" geological and structural data which would allow Empire to update and improve the geological model at Eclipse.

"We are pleased to report the success of this strategically important diamond drill programme, which has intercepted significant mineralised zones in areas previously under-explored," said managing director Shaun Bunn.

"The geological and structural data being gathered from the analysis of the diamond core will greatly assist in the development of a robust geological model for Eclipse and will allow us to focus our exploration on higher-grade targets along the Eclipse shear.

"We now look forward to moving the focus of our drilling campaigns to the high-grade lodes recently identified at Homeward Bound and extensions to the Eclipse shear, north-west of Jack's Dream."

At 1221 BST, shares in Empire Metals were down 13.85% at 1.4p.

Reporting by Josh White at Sharecast.com.

More News
11 Jul 2023 10:29

AIM WINNERS & LOSERS: STM surges on potential takeover offer

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Read more
11 Jul 2023 10:26

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.

Read more
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.

Read more
19 Jun 2023 10:06

Empire Metals annual loss narrows as Australian footprint grows

(Alliance News) - Empire Metals Ltd on Monday said its annual loss narrowed and its administrative expenses declined.

Read more
30 May 2023 16:53

LONDON MARKET CLOSE: FTSE 100 in the red ahead of US debt ceiling vote

(Alliance News) - The FTSE 100 closed firmly in the red on Tuesday despite investors breathing a sigh of relief that an agreement had been reached between US President Joe Biden and House Speaker Kevin McCarthy to temporarily suspend the US debt ceiling.

Read more
30 May 2023 16:22

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.

Read more
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.

Read more
30 May 2023 10:31

AIM WINNERS & LOSERS: Empire Metals surges on Pitfield results

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Read more
26 Apr 2023 14:16

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.

Read more
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.

Read more
24 Apr 2023 17:26

TRADING UPDATES: Cobra ups Wudinna ownership; DX Group opens new sites

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
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.

Read more
23 Mar 2023 10:07

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.

Read more
13 Mar 2023 16:55

Empire Metals raises GBP1.3 million in placing to fund exploration

(Alliance News) - Empire Metals Ltd on Monday it raised GBP1.3 million via placing new shares in order to advance its exploration plans at the Pitfield copper project in Western Australia.

Read more
1 Mar 2023 11:32

Empire Metals hires former Rio Tinto geologist as exploration manager

(Alliance News) - Empire Metals Ltd on Wednesday said it hired former Rio Tinto PLC geologist Andrew Faragher as its new exploration manager with immediate effect.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.