Roundtable Discussion; The Future of Mineral Sands. Watch the video 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
16 May 2022 12:05

Empire Metals says drilling confirms gold mineralisation at Eclipse

(Alliance News) - Empire Metals Ltd on Monday said recent drilling at the Eclipse gold project, Western Australia, has confirmed gold mineralisation.

Read more
28 Apr 2022 11:36

IN BRIEF: Empire Metals raises GBP1.7 million to accelerate drilling

Empire Metals Ltd - minerals exploration and development in Australia - Places new shares to move faster on drilling. Raises GBP1.7 million through placing 85.0 million new shares at 2 pence each. The net proceeds will be used to accelerate drill programmes at the Eclipse and Gindalbie gold projects in Western Australia, scheduled for the third and fourth quarter. "Empire is now fully funded for the expanded drilling campaigns targeting the high-grade discoveries at Eclipse and Gindalbie and for further regional exploration activities across the recently acquired copper-gold projects at Pitfield, Stavely and Walton," Empire says.

Read more
6 Apr 2022 11:15

Empire Metals acquires 70% stake in three Australian projects

(Alliance News) - Empire Metals Ltd on Wednesday purchased a 70% stake in three "highly prospective" Australian-based copper-gold projects from Century Minerals Pty Ltd.

Read more
30 Mar 2022 16:06

LONDON MARKET CLOSE: FTSE 100 keeps head above water on oil strength

(Alliance News) - The FTSE 100 was able to outperform European peers on Wednesday - a reversal from Tuesday - as the commodity-heavy index was getting a lift from oil companies and miners.

Read more
30 Mar 2022 13:14

Empire Metals surges on recent drilling results

(Sharecast News) - Empire Metals updated the market on the reverse circulation drilling programme recently completed at the Gindalbie Gold Project in Western Australia on Wednesday, over which it holds a tribute agreement granting exploration, development and mining rights.

Read more
30 Mar 2022 10:06

AIM WINNERS & LOSERS: Belluscura in China pact; Team17 warns on costs

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

Read more
30 Mar 2022 09:56

IN BRIEF: Empire Metals rises on high-grade intercepts at Gindalbie

Empire Metals Ltd - London-based exploration and development company focused on Australia - Completes reverse circulation drilling at its Gindalbie Gold project, Western Australia. Empire Metals holds the exploration, development and mining rights for the project. Company says four roles drilled the Homeward Bound target returned three "very high-grade" intercepts. Intercepts at the target include: 5 metres at 8.99 grams per tonne of gold from 31 metres downhole, 3 metres at 8.96 grams per tonne of gold from 98 metres downhole and 3 metres at 9.88 grams per tonne of gold from 46 metres downhole.

Read more
17 Mar 2022 20:35

IN BRIEF: Empire Metals hails recent drilling at Eclipse asset

Empire Metals Ltd - Gold and copper miner with assets in Australia, Georgia and Austria - Drilling at Eclipse gold project spots gold mineralisation found to extend over strike length of more than 200 metres. "Seven RC holes for a total of 960m have been completed so far, focused mainly on demonstrating that the gold mineralisation persists at depth around the Eclipse shaft and Jack's Dream shaft, and to test for continuity along strike to the south-east," Eclipse says.

Read more
24 Feb 2022 14:47

IN BRIEF: Empire Metals shares rise as it starts drilling at Gindalbie

Empire Metals Ltd - Gold and copper miner with assets in Australia, Georgia and Austria - Signs tribute agreement with Maher Mining Contractors Pty Ltd for Gindalbie gold project located near Gindalbie, Australia.

Read more
8 Feb 2022 18:10

TRADING UPDATES: Mattioli reaches record client assets in first half

TRADING UPDATES: Mattioli reaches record client assets in first half

Read more
28 Jan 2022 21:20

IN BRIEF: Empire Metals notes results from Central Menzies drilling

IN BRIEF: Empire Metals notes results from Central Menzies drilling

Read more
20 Dec 2021 21:59

TRADING UPDATES: Silver Bullet faces cyber attack; Zoltav to delist

TRADING UPDATES: Silver Bullet faces cyber attack; Zoltav to delist

Read more
20 Dec 2021 11:02

Empire Metals upbeat on review of data from Eclipse project

(Sharecast News) - Exploration and development company Empire Metals updated the market on the Eclipse Gold Project in the Eastern Goldfields of Western Australia on Monday, reporting that a strategic technical review had revisited all data collected over the licence area.

Read more
2 Dec 2021 19:23

TRADING UPDATES: Oxford Metrics rebounds; Fulcrum reaffirms guidance

TRADING UPDATES: Oxford Metrics rebounds; Fulcrum reaffirms guidance

Read more
3 Nov 2021 16:07

Empire reports latest drilling results from Central Menzies

(Sharecast News) - Resource exploration and development company Empire Metals announced the results of its recently-completed reverse circulation drilling programme at the Central Menzies Gold Project in Western Australia on Wednesday, over which it holds an option to acquire a 75% interest.

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.