RNS Pitfield!18 Aug 2022 08:19
G'day!
Coppa
Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce the results of the airborne magnetic survey carried out in June 2022 at the Pitfield Copper-Gold Project ('Pitfield'), located in Western Australia.
Highlights
· Close spaced (50m line spacing) airborne magnetic and radiometric survey completed over the previously reported magnetic anomaly extending from near the western boundary and through much of the 615 sq km Pitfield licence area.
· A significant structure has been interpreted along the western boundary of the magnetic anomaly that closely aligns with a surface copper anomaly stretching over 7km, previously identified by CRA (which became part of Rio Tinto Group) when conducting surface sampling in the early 1990s.
· Pitfield is located immediately adjacent to the historic Baxters copper mine at Arrino which produced 106 tonnes of copper ('Cu') at a grade between 20-30% Cu which, along with numerous other prospects, demonstrates high regional prospectivity for copper
· The highly magnetic anomaly seen from the airborne survey, which extends for over 20km north-south along the western margin of the licence, indicates potential for the presence of magnetite which could be associated with a regional scale alteration event.
· Excellent resolution of stratigraphy and structure has been achieved with the new survey which will greatly assist in understanding the geological location of known copper anomalism, and in targeting areas with the highest exploration potential during our field activities.
Shaun Bunn, Managing Director, said: "This is a tremendous result for Empire, and clear evidence of the mineralised potential of this geologically significant asset. Our early success from the airborne magnetic survey has confirmed that the historical geochemical sampling closely aligns with a significant magnetic anomaly.
"We are very much looking forward to receiving the detailed analysis of our recently completed airborne electro-magnetic survey in the next few weeks, which was designed to complement this magnetic and radiometric survey work programme. These surveys, combined with the historical geochemical mapping completed by CRA and others, will allow our technical team to develop a comprehensive geological map and database for the Pitfield project, with the expectation that over time we can define several highly prospective copper resource targets."
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