Empire Metals Limited Next Phase to Commence at Eclipse Gold Project (6034S)
March 17 2021 - 8:35AM
UK Regulatory
TIDMEEE
RNS Number : 6034S
Empire Metals Limited
17 March 2021
Empire Metals Limited / AIM: EEE / Sector: Natural Resources
17 March 2021
Empire Metals Limited ('Empire' or the 'Company')
Next Phase to Commence at Eclipse Gold Project
Empire Metals Limited, the AIM-quoted exploration and resource
development company, is pleased to confirm that the next phase of
works at the Company's Eclipse Gold Project, located 55km
north-east of Kalgoorlie, Western Australia ('Eclipse' or the
'Project'), as announced on 16 March 2021, is fully funded and will
commence very soon.
Re-Start of Drilling
The reverse circulation ("RC") drilling component of the next
phase of work at Eclipse is expected to commence next week followed
by the diamond drilling in early April. The latter will generate
sample for further studies, including geotechnical logging and
metallurgical testing. Everything outlined in this phase of work,
including the RC drilling, resource modelling and pit
optimisations, diamond drilling and metallurgical testwork, is
fully funded.
Mike Struthers, Director of Empire Metals, said: " We are very
pleased to be able to start to execute this next phase of fully
funded work at Eclipse within the next few days. As noted in our
recent press release, we believe this phase will allow the Company
to map out the path to an initial open pit operation, along with
improved definition of possible extensions to resources and the
scope for additional future open pits and we look forwards to
providing more information on progress 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 Nomad & Broker Tel: 020 3470
Finance LLP 0470
Adam Cowl S. P. Angel Corporate Nomad & Broker Tel: 020 3470
Finance LLP 0470
Damon Heath Shard Capital Partners Joint Broker Tel: 020 7186
LLP 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' primary focus is on the Eclipse Gold Project in
Western Australia which produced 954 tonnes @ 24.6 g/t Au for
754.25 oz Au from the Eclipse shaft which operated up to 1910.
Empire owns 75% of Eclipse with a right to acquire a further
25%.
The Company also has a 50% joint venture in Georgia which covers
an area of over 860 sq km and has a 30-year mining licence. The
joint venture covers 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 Board continues to evaluate opportunities through which to
realise the value of its wider portfolio and reviews further assets
which meet the Company's investment criteria.
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END
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