EMPIRE RESOURCES LIMITED Results include 28m @ 0.60% Cu & 0.20g/t Au from 32m including 8m @ 1.09% Cu & 0.37g/t Au from 44m (YRC20-03) and 24m @ 0.54% Cu & 0.08g/t Au from 56m including 4m @ 0.89% Cu & 0.12g/t Au from 56m (YRC20-02) at prospect YT01.
The >3.5km target horizon recently identified by the Company is notable for its lack of modern exploration activity. The results from the RC drilling confirm continuity of mineralisation first identified in late 2019 by Empire from aircore drilling and demonstrates the potential for discovery of multiple copper-gold deposits within this horizon.
Drilling at Smiths Well returned a broad down hole intercept in sulphide mineralisation of 68m @ 0.37% Cu & 0.13% Ni from 50m (YRC20-10), including 1m @ 1.26% Cu from 60m; 1m @ 1.03% Cu & 0.23% Ni from 67m and, 2m @ 1.22% Cu from 91m. Smiths Well demonstrates the potential for additional sulphide copper-nickel discoveries to be made within the
Empire Managing Director,
YUINMERY PROJECT DRILLING
In
The
A >3.5km horizon was identified by the Company in late 2019 from historical geochemical, geological mapping, drilling and geophysics datasets3. By the end of 2019 the Company had undertaken maiden aircore reconnaissance drilling in this area of the project, identifying copper-gold anomalism in the regolith1. The identified horizon between YT01 and YT19 is notable for its minimal drilling and limited modern exploration activity, offering an exciting opportunity for the Company to explore for new copper-gold deposits.
RC drilling at YT01 and YT19 followed up the encouraging results from the aircore drilling, testing for down dip continuation of anomalous copper-gold mineralisation. Broad zones of mineralisation were intercepted with higher grade zones ranging from 4m to 8m of malachite (copper oxide mineral) returning copper grades >1% and gold up to 0.4 g/t Au. The identified anomalous copper-gold envelopes also sit within horizons of broader alteration effects consisting of iron, chlorite, talc and apatite, which are present at the Just Desserts deposit. Traces of chalcopyrite were also observed in the fresh rock material at the base of YRC20-02.
Preliminary 4m composite samples were collected across complete hole length and submitted to the laboratory for multi-element analysis. 1m split samples from selected mineralisation intervals will be submitted for further analysis. Drilling to date has only tested the upper oxide / transition zone with follow up drilling planned to test down dip into the fresh rock targeting sulphide mineralisation.
Two holes were drilled at Smiths Well to follow up historical drill hole anomalism and to establish orientation parameters for the prospect. YRC20-10 was drilled to the northwest and intercepted a broad zone of sulphides (including chalcopyrite, pyrrhotite and pyrite) with several copper intercepts >1% Cu, elevated nickel (>0.2% Ni) and low level gold values. Hole YRC20-11 was drilled to the southeast and also intercepted a broad zone of copper anomalism and elevated nickel values.
These intercepts occur on the interface of the original volcanic rocks with the later intruding gabbro. The presence of the gabbro is interpreted to have introduced nickel mineralisation into the original volcanic sequence. Further staged exploration is required to establish the potential of this exciting prospect.
Contact:
Tel: +61 8 9386 4699
Web: www.resourcesempire.com.au
About Empire
(C) 2020 Electronic News Publishing, source
