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Highlights
- Empire Resources has announced the recommencement of reverse circulation (RC) drilling at its Yuinmery project.
- The company has completed a 924m drill program to test highly prospective copper-gold targets at the project site.
- ERL had discovered encouraging copper and gold mineralisation in assays during its 2022 drilling campaigns.
In the latest announcement, Empire Resources Limited (ASX:ERL) revealed that it is restarting drilling at the Yuinmery Copper-Gold Project. The company had found encouraging copper and gold mineralisation in assays from its 2022 drilling programs at the site.
The company has finished a 924m reverse circulation (RC) drilling program at its Yuinmery Copper-Gold Project, ~470km northeast of Perth in Western Australia. During the campaign, the strike extents approximately 100m east and west of the identified mineralisation on section 687,250mE were targeted at the YT01 prospect. The firm extended the drilling to a depth of about 220m to test if sulphide mineralisation was present within the fresh rock.
Other work, including geological logging, sample collection and submissions will be done in coming days. Empire Resources is expecting that the laboratory assays will be declared in next six weeks.
YT01 Prospect 687,250mE Cross Section (image source: company update)
RC drilling at Yuinmery Copper-Gold Project
The company decided to undertake drilling after receiving Cu-Au assays within two broad pyrite-chalcopyrite sulphidic zones at the YT01 prospect.
The YT01 prospect is located ~1.5km along strike of the company’s Just Desserts deposit, hosting a JORC 2012 Resource of 2.52Mt @ 1.31% copper & 0.49g/t gold.
Campaign to aid in planning future targeted drilling
Data source: Company update, Image source: Company update © 2023 Krish Capital Pty. Ltd.
ERL shares last traded at AU$0.007 on 14 February 2023.
To know about Empire Resources’ December quarter developments, read here
