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
1 Feb 2021 14:32

IN BRIEF: Empire Metals Progresses Eclipse, CEO And Director Step Down

IN BRIEF: Empire Metals Progresses Eclipse, CEO And Director Step Down

Read more
7 Jan 2021 17:46

IN BRIEF: Empire Metals Starts Second Phase Of Drilling At Eclipse

IN BRIEF: Empire Metals Starts Second Phase Of Drilling At Eclipse

Read more
30 Dec 2020 14:43

IN BRIEF: Empire Metals Gets Approval To Buy Eclipse Gold Project

IN BRIEF: Empire Metals Gets Approval To Buy Eclipse Gold Project

Read more
10 Dec 2020 18:23

IN BRIEF: Empire Metals Completes Initial Work At Eclipse Gold Project

IN BRIEF: Empire Metals Completes Initial Work At Eclipse Gold Project

Read more
10 Dec 2020 12:28

Empire Metals upbeat on assay results from Eclipse

(Sharecast News) - Exploration and development company Empire Metals updated the market on the Eclipse Gold Project on Thursday, reporting that the initial work programme had increased its confidence in the project's potential to host a profitable small-scale high-grade open pit gold mine.

Read more
24 Nov 2020 21:50

IN BRIEF: Empire Metals Raises GBP2 Million For Eclipse Stake Buy

IN BRIEF: Empire Metals Raises GBP2 Million For Eclipse Stake Buy

Read more
6 Nov 2020 15:15

IN BRIEF: Empire Metals Continues Drilling At Eclipse Gold Project

IN BRIEF: Empire Metals Continues Drilling At Eclipse Gold Project

Read more
6 Nov 2020 10:29

UK WINNERS & LOSERS SUMMARY: Urban&Civic Jumps As It Agrees Buyout

UK WINNERS & LOSERS SUMMARY: Urban&Civic Jumps As It Agrees Buyout

Read more
28 Oct 2020 17:43

UK TRADING UPDATE SUMMARY: Shoe Zone Ends Financial Year On Back Foot

UK TRADING UPDATE SUMMARY: Shoe Zone Ends Financial Year On Back Foot

Read more
26 Oct 2020 17:45

IN BRIEF: Empire Metals Sells Georgian Assets For Up To CAD7 Million

IN BRIEF: Empire Metals Sells Georgian Assets For Up To CAD7 Million

Read more
22 Oct 2020 15:00

UK TRADING UPDATE SUMMARY: Secure Trust Reports Pick Up In Lending

UK TRADING UPDATE SUMMARY: Secure Trust Reports Pick Up In Lending

Read more
5 Oct 2020 11:58

Empire Metals Identifies Two New Targets At Eclipse, Drilling Delayed

Empire Metals Identifies Two New Targets At Eclipse, Drilling Delayed

Read more
18 Sep 2020 17:18

IN BRIEF: Empire Metals To Kick Off Eclipse Drilling Soon

IN BRIEF: Empire Metals To Kick Off Eclipse Drilling Soon

Read more
10 Sep 2020 16:01

UK TRADING UPDATE SUMMARY: Prime People Hurt As Covid Hits Job Market

UK TRADING UPDATE SUMMARY: Prime People Hurt As Covid Hits Job Market

Read more
4 Sep 2020 10:50

Empire Metals Begins Work Programme At Eclipse Gold Project

Empire Metals Begins Work Programme At Eclipse Gold Project

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.