Empire Metals (AIM:EEE) has announced further reverse circulation ('RC') drilling results at its Eclipse Gold Project which is located 55km north-east of Kalgoorlie in Western Australia.
The resource exploration and development firm said that to date, a total of 2,178 metres have been drilled of a total planned 44-hole, 2,600m programme with drilling focused on the Eclipse target within the licence in the area to the immediate north and south of the Eclipse shaft.
The reverse circulation drilling results at the Eclipse gold project which have been described as “encouraging” include three metres at 21.96g of gold per tonne and 8m at 3.2g per tonne.
Today’s results provide confirmation of extensions to previously defined mineralisation both along strike from the old workings, and at depth. Grade-thickness contours and other interpretations of the data will also be updated as more information becomes available.
Downhole surveys are now in progress, including optical televiewer surveys which provide a digital image of the drillhole walls that can be used in subsequent geological interpretations.
Shares in Empire Metals have jumped by over 80% in the past three months to open 22.99% higher this morning to 5.35p following the announcement.
The company highlighted that drilling has also now commenced at the Eclipse Gold Project’s second target called Houdini, which is approximately 1.2km north-west of the Eclipse target.
"Confirmation that the Eclipse mineralisation remains open at depth and along strike is very encouraging, and the high-grade intersection in drillhole ECRC20_009 supports extensions to the high-grade vein exploited in the old workings,” said Chief Executive, Mike Struthers.
He added, “The geological interpretation of the Eclipse mineralisation is still in its early stages, and the Company continues to interpret the data as it becomes available. I look forward to providing more updates in due course."
The Eclipse Gold Project in Western Australia produced 954 tonnes @ 24.6g per tonne of gold for 754.25 oz of gold from the Eclipse shaft which operated up to 1910. Recent geophysics and geochemistry work at the project has highlighted further potential mineralisation at two further targets north-west of Eclipse, the Houdini and Easy prospects.
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