Empire Metals says Australia site testing yielding high-grade titanium

(Alliance News) - Empire Metals Ltd on Tuesday said test results from diamond drilling at the Pitfield project in Western Australia had confirmed a high-grade central deposit zone.

Empire Metals shares were up 9.5% to 32.84 pence on Tuesday morning in London.

The London-based mining firm with exploration assets in Australia and Austria said it had completed diamond core drilling, having drilled eight holes for a total of 745 metres.

High-grade intervals of titanium dioxide were identified near the surface within the weathered zone, the company said, with one yielding over 10.13% titanium dioxide at an interval of 9.3 metres.

Other high-grade intercepts yielded over 6% titanium dioxide at various intervals close to the surface.

Empire Metals said the campaign, which began in February and is due to end in April, is "progressing well", yielding higher grades than the average of the Thomas prospect, of which this area represents a central zone.

The campaign was designed to upgrade the resource classification at the Thomas prospect and expand the Cosgrove resource, with an updated mineral resource estimate targeted in the third quarter.

Managing Director Shaun Bunn commented: "Excellent drill core recovery, averaging over 97% across the programme, together with the extensive weathered profile encountered, has provided a substantial and representative sample set for the in-situ weathered zone".

"This will underpin the next phase of bulk metallurgical test work, while the geological and geotechnical data generated from the campaign will feed directly into mine design and process engineering workstreams as we advance towards the scoping study," he added.

By Martin Miraglia, Alliance News reporter

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