Last checked at 4 Sep 2020 07:00
Empire Metals Limited / AIM: EEE / Sector: Natural Resources
4 September 2020
Empire Metals Limited ('Empire' or the 'Company')
Commencement of Work Programme at Eclipse Gold Project
Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce that it has commenced field work at the high-grade Eclipse gold mining licence, located 55km north-east of Kalgoorlie, Western Australia ('Eclipse' or the 'Project').
Overview:
· Phased work programme commenced at Eclipse, initially with systematic soil sampling and geochemistry
· 490 samples planned over the north-eastern and south-western areas of the licence, testing the areas adjacent to existing geochemistry results
· Soils / geochemistry results expected by end September
· Designed to test potential mineralisation at two additional targets north-west of Eclipse, the Houdini and Easy prospects
· Soil sampling represents the first phase of the work programme to include:
· Ground magnetic survey and sub audio magnetic survey
· Structural geological interpretation and mapping
· Reverse circulation drilling
Mike Struthers, CEO, said: "We're very pleased to have started our fieldwork at Eclipse. Historical production records from the Project were well preserved, and together with recent geophysics and drilling we already have robust understanding of the gold mineralisation and the potential for significant high-grade gold resource development. With this in mind, we have high expectations for the results over the coming weeks and months during our option period and look forward to providing further updates in due course."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
**ENDS**
For further information please visit www.empiremetals.co.uk or contact:
Mike Struthers | Empire Metals Ltd | Company | Tel: 020 7907 9327 |
Ewan Leggat | S. P. Angel Corporate Finance LLP | Nomad & Broker | Tel: 020 3470 0470 |
Soltan Tagiev | S. P. Angel Corporate Finance LLP | Nomad & Broker | Tel: 020 3470 0470 |
Damon Heath | Shard Capital Partners LLP | Joint Broker | Tel: 020 7186 9950 |
Susie Geliher | St Brides Partners Ltd | PR | Tel: 020 7236 1177 |
Beth Melluish | St Brides Partners Ltd | PR | Tel: 020 7236 1177 |
About Empire Metals Limited
Empire Metals Limited (formerly Georgian Mining Corporation) has 50% ownership of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines. The Bolnisi concession covers an area of over 860 sq km and has a 30-year mining licence with a variety of targets and projects ranging from greenfield exploration / target definition phase through intermediate target-testing phases to more advanced projects including Kvemo Bolnisi East which is due to advance to Feasibility Study.
The Company is assessing the potential for expanding the Company's portfolio through the addition of new assets, which have the ability to add value in the short term.