Empire Metals Share News (EEE)

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36.25 -0.35 (-0.96%)

Bid:

36.15

Ask:

38.00

Spread: 1.85 (5.118%)

Market Cap: £267.37m

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IN BRIEF: Empire Metals reports intercepts from Eclipse-Ginalbie

Tue, 16th Aug 2022 17:33

Empire Metals Ltd - London-based minerals exploration and development in Australia - Following the reverse circulation drilling programme completed at the Eclipse-Gindalbie gold project in Australia, several holes have discovered significant intercepts at the Homeward Bound, Budd's Find and Bulletin targets.

"These results are very encouraging having returned multiple significant intercepts which supports our hypothesis that the combined Eclipse-Gindalbie project has the potential to support a significant gold resource. In particular, the holes completed at the Homeward Bound shaft and Budd's Find open pit have provided important structural data on the direction of the gold mineralised veins which will advance our technical team's understanding of the structural model of the wider project area," says Managing Director Shaun Bunn.

Current stock price: 1.05 pence, down 6.4% in London.

12-month change: down 47%

By Dayo Laniyan; dayolaniyan@alliancenews.com