RE: Does anybody know31 Jul 2023 18:31
Hi Mischief,
My guess (and that’s all it is) is that they are still focussed on finding the source of the copper anomalies within the licence area.
They know it’s there & I’m confident they’ll find it at some point during the next phases of drilling.
I’ll put it another way, one that I liken to a real world example that happened to me recently. I lost the keys to my Volkswagen California Camper Van whilst on a beach in Connemara a few months back, I have an app to find my keys (Drilling results) using a fob attached to the key ring!
It beeps but also locates to within 20m of exact position (Pitfield). I couldn’t hear the beep as they had been buried (copper not visual on the surface) but all indicators on my app (Geophysical surveys / Dipole Induced Polarisation Surveys / highly chargeable anomalous copper values) told me it was definitely on the beach and within a 20m area (Pitfield licence).
I broke it up into sections (target drilling from 3D maps) and raked the area with a child’s rake (next drilling phase & more geological mapping) and found the keys after about 6 minutes and almost 40% of the area raked (98% of Pitfield still to be explored).
It’s a silly example I know, but just scale the operation up, throw in some mining professionals, better equipment and a longer lead time & it illustrates the theory of what Shaun Bunn said ‘WE KNOW ITS THERE BUT WE’VE JUST GOT TO FIND IT!’
I’m in no rush & I’m sure they’ll find it eventually.
Now the only difference with my keys was that I could afford to look all day & night for days without running out of finances which Empire would have to worry about in an ordinary situation, however, they have the luxury of a spare camper van (Globally significant Titanium project) parked up on the campsite beside the beach :-)
These guys are top of their game, they’ll progress everything in a methodical & logical way & not at the timelines of PI’s trading or exit targets.
Cannot wait for Empire to one day be the company I had hoped would assist my pension plans but as I’m still 25 years off I’m not entirely dependent on them reaching the end goal just yet. Sooner would be better, but getting there is more important.
GL
ML