| Announcement Date: | 2022-10-25 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Empire Resources Ltd. |
| Project name: | Penny’s |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 8m at 2.89g/t Au from 64m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Empire Resources (ASX:ERL, Empire) advises that it has received the first batch of results from its recently completed AC drilling campaign at its 100% owned Penny’s Gold Project 45km east of Kalgoorlie in Western Australia. The Penny’s Gold Project targets lie immediately adjacent to and along strike of the existing 270,000t @ 4.99g/t Au for 43,000oz [1] Resource at the Penny’s Find Gold Mine. Empire is entitled to royalties on gold production from mining operations undertaken at the Penny’s Find Gold Mine which is currently owned by Horizon Minerals Limited (ASX:HRZ). Empire completed 69 air core holes for 5,289m, testing multiple gold prospects including previously drilled aircore gold anomalies [2] , aeromagnetic structural trends and historic MMI anomalies. The first batch of assays returned multiple mineralised intervals including highgrade gold ±arsenic; the final batch of assays are expected to be reported early November. |
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