Ding Ding30 Mar 2022 08:09
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Very High-Grade Intercepts Reported: Gindalbie Gold Project
Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to provide an update on the reverse circulation ('RC') drilling programme recently completed at the Gindalbie Gold Project in Western Australia ('Gindalbie' or the 'Project'), over which Empire holds a Tribute Agreement granting exploration, development and mining rights.
Highlights:
· 1,676m of RC drilling completed, focused mainly on known mineralised trends based on historical workings, soil geochemistry mapping and previous RAB/RC drill results, being Homeward Bound, Laurel-Bulletin, South Gippsland #3, Golden Puzzle and Bud's Find.
· Of the four RC holes drilled at the Homeward Bound target, three reported very high-grade intercepts:
Ø 5m @ 8.99 g/t Au from 31m downhole, including 1m at 40.90 g/t Au
Ø 3m @ 8.96 g/t Au from 98m downhole, including 2m at 13.28 g/t Au
Ø 3m @ 9.88 g/t Au from 46m downhole, including 1m at 26.20 g/t Au
and the fourth hole encountered 2m at 3.0 g/t Au from 43m downhole.
· Significant intercepts were also reported at Bud's Find and Laurel-Bulletin:
Ø 3m @ 1.15 g/t Au from 27m downhole at Laurel
Ø 2m @ 0.64 g/t Au from 89m downhole at Bud's Find
Shaun Bunn, Managing Director, said: "We are extremely pleased with the results from our initial drilling campaign at Gindalbie, which was a purely speculative effort aimed at identifying priority targets for further, more detailed exploration activities. To hit such high-grade shoots at Homeward Bound on the first pass is very encouraging, and to have a 100% success rate on all four holes drilled at this target bodes well for future, more targeted drilling campaigns.
"In addition, we have encountered significant gold mineralisation at depth, below the small open pit at Bud's Find and we have intercepted a 3m wide mineralised lode at Laurel, both of which merit follow-up drilling.
"In parallel with this work at Gindalbie, we are completing a 900m strategic diamond drilling programme on our adjacent Eclipse Gold Project, which will provide further geological and structural information on the mineralised system and give further evidence on the potential scope and scale for a significant mining operation focussed on this expanded licence area."
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