RNS9 Sep 2021 08:26
9 September 2021
Empire Metals Limited ('Empire' or the 'Company')
Drilling Commences at the Central Menzies Gold Project
Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce the commencement of the Reverse Circulation ('RC') drilling campaign at the Central Menzies Gold Project ('Central Menzies' or the 'Project').
Overview:
· Commencement of a drill programme of 26 RC holes for a total of 2,140 metres at the Central Menzies Gold Project, targeting two prospects, both of which are along strike from the Yunndaga deposit (Figure 1), historically the largest gold mine in the Menzies field with over 270,000oz produced.
· A detailed review of the historical dataset identified several prospects within the Project area. Two of these, known as Teglio and Nugget Patch, have been prioritised in this initial RC drilling campaign based on their elevated gold concentrations, and the potential to generate significant strike and lateral extension.
· 13 RC holes for 1,100 metres has been designed at Teglio, testing a strike length of 520 metres.
· At Nugget Patch, a further 13 RC holes for 1,040 metres are planned.
· Further drilling targets are expected to be generated within the Project area once the geochemical soil sampling results are received. The soil sampling targeted areas of the greatest prospectivity based on the location of historical workings as well as areas of limited previous drilling.
Shaun Bunn, Managing Director, said: "The commencement of our first drill campaign at Central Menzies represents another major milestone for the Company and one I am pleased to say we have reached in accordance with our development plans. This demonstrates that whilst we are operating in a major mining boom here in Western Australia, where drillers and rigs are booked out months in advance and geological support is difficult to secure, the Company is well supported by its own staff and our external contractors. Despite slow assay turnaround from our recent soil sampling programme, we remain on schedule and budget to complete the RC drilling campaign and remain confident that the exploration programme envisaged under the current Option Agreement will meet its objectives."
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