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An announcement from Empire Resources Limited ( (AU:ERL) ) is now available.
Empire Resources Limited has reported preliminary assay results from a 1,631-metre, 45-hole aircore drilling campaign completed in January at its Yuinmery Copper-Gold Project in Western Australia. The program, targeting new gold mineralisation across multiple prospects including YT01-YT19, Smiths Well, YT12, Battlers, YT14, Microbe Well and Marcus, returned several encouraging gold and copper intercepts.
At Smiths Well, shallow drilling confirmed at least two separate quartz vein sets up to four metres wide, supporting a new vein model that will now be tested at depth with reverse circulation drilling. Results at YT19, particularly from hole YAC26-07, demonstrated that near-surface gold-copper mineralisation can be extended toward YT01, outlining a mineralised shear system exceeding 1,600 metres in strike that could materially enhance the project’s exploration upside.
More about Empire Resources Limited
Empire Resources Limited is an Australian exploration and mining company focused on copper and gold, with its flagship Yuinmery Copper-Gold Project in Western Australia. The project hosts the Just Desserts and A-Zone volcanogenic massive sulphide deposits, which together hold a JORC 2012-compliant resource of 3.59 million tonnes at 1.25% copper and 0.46 grams per tonne gold at a 0.5% copper cut-off.
Average Trading Volume: 6,935,879
Technical Sentiment Signal: Sell
Current Market Cap: A$26.79M
For detailed information about ERL stock, go to TipRanks’ Stock Analysis page.