Empire Metals completes "major" drilling campaign at Pitfield project

(Alliance News) - Empire Metals Ltd on Tuesday said it has completed the "major" drilling campaign at the Pitfield titanium project in Western Australia.

Shares in the London-based mining firm with exploration assets in Australia were trading 10% higher at 34.20 pence on Tuesday morning in London.

The company said initial assay results confirm and extend the high-grade core at the Thomas prospect.

Empire Metals noted results from the first 88 holes in the 712-hole programme demonstrated multiple thick, near-surface intercepts above 7% titanium dioxide, with individual intervals over 10% titanium dioxide, and with a peak grade of 17.83% titanium dioxide.

"These results underscore Pitfield's position as one of the largest and highest-grade titanium systems globally," said Empire Metals.

The company noted this was its largest drill campaign to-date, with 712 drill holes for 34,844 metres.

"This campaign is a defining moment for Pitfield.The initial results from Thomas confirm what we have long believed: a continuous, near-surface, high-grade core within a titanium system of genuine district scale, globally unprecedented and of potential strategic significance," said Managing Director Shaun Bunn.

"With over 67,000 metres now drilled across the project, we have the geological foundation to advance both resource definition at Thomas and a substantial resource expansion at Cosgrove, while the assay results to come will increasingly underpin the economic case for Pitfield's development."

By Christopher Ward, Alliance News reporter

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