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$EEE Empire Metals CEO thrilled by signs of "giant" copper deposit at Pitfield https://tinyurl.com/2abo8j2s
@Empiremetalsltd
#EEE
https://mobile.twitter.com/proactive_UK/status/1585605246914641920
Trafigura warns the world is running low on copper
Commodities trader expects further shortages as demand rises in energy transition
Harry Dempsey, Shotaro Tani and David Sheppard in London
OCTOBER 20 2022
https://www.ft.com/content/80fdd315-2db4-46fa-a76e-6d3d4eff83e5
Empire should pick up more and more media attention over the next few months ahead as the significance of these world class assest(s) will become largely known to the wider mining community.
Much more news to be announced soon...
Highlights
· Pitfield confirmed as having all the hallmarks of a "Giant" copper mineralised system, potentially containing multiple sediment-hosted stratabound copper (SSC) deposits.
· An exceptionally large, magnetic anomaly, extending over 40km N-S has been identified at Pitfield.
· SSC deposits are globally significant geological systems which deliver ~20% of copper production globally and are often very large and high-grade deposits.
· The Pitfield geological setting compares favourably with the sandstone sub-type of SSC, exemplified by the massive Udokan Ore Region in Russia.
· Empire to accelerate exploration activities at Pitfield in Q1 2023 including surface mapping, Induced Polarisation (IP) surveying and geochemical sampling with multiple exploration targets already identified
· Expert Review undertaken by the Company's exploration team under the supervision of Ed Baltis (Exploration Consultant) who has more than 30 years' experience with Western Mining Corporation, Gold Fields and as a consultant in gold, copper and nickel exploration with a strong focus in Western Australia, and Dr Neil O'Brien, a PhD economic geologist and former mining executive with 35 years of international experience including with Giant copper deposits worldwide.
Shaun Bunn, Managing Director, said: "We previously held a strong belief that Pitfield had the potential to contain a major copper deposit with world-wide significance. The results of this expert review, which drew on the findings of the recently completed geophysical surveys, confirm the accuracy of the historical data we inherited and have identified the regional geological features consistent with a Giant copper mineralised system. This makes Pitfield an exciting exploration target for a SSC deposit and an exceptional project for us to focus our exploration efforts on.
"SCC type deposits are often very large and high-grade deposits and account for approximately 20% of the world's copper production. We are looking forward to increasing our understanding of Pitfield as we embark on our next phase of exploration which will include surface mapping, Induced Polarisation (IP) surveying and geochemical sampling. Work is expected to commence in Q1 2023."
https://mobile.twitter.com/Empiremetalsltd/status/1585195474935775233
Gerard Brandon will step down as Chief Executive remaining on the board as Executive Director with responsibility for the Modern Water Division.
Dr Nigel Burton will become interim Chief Executive while the Company commences the search for a new Group Chief Executive.
Even way before covid GDR's share price was substantially higher, but don't have all the details like dilution etc.
Hopefully sales figures soon.
Also Q1 is coming closer as we're nearly in November already.
https://mobile.twitter.com/genedriveplc/status/1583130683182297089
Find out more about the role clinical geneticists play in healthcare 2:24-3:15 Professor Newman discusses the role of MT-RNR1 testing in babies and our partnership in developing the Genedrive test for antibiotic induced hearing loss
https://uk.advfn.com/stock-market/london/genedrive-GDR/share-chat