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Empire Resources Limited ( (AU:ERL) ) has shared an update.
Empire Resources has completed a 37-hole, 4,401-metre reverse circulation drilling program at its Yuinmery Copper-Gold Project in Western Australia. The campaign targeted new gold prospects at Hillside, Smiths Well and Microbe Well, added resource drilling at the Just Desserts copper-gold deposit and followed up earlier work along the YT01-YT19 copper-gold corridor.
At the Hillside prospect, nine holes totalling 1,266 metres intersected native metallic copper over extensive widths below the weathering profile, indicating mineralisation in the primary zone that appears open along a 250-metre strike. Most samples have been dispatched to Perth for multi-element assays, with initial composite results expected in about four weeks, which will clarify the grade and potential significance of the Hillside discovery for the broader Yuinmery project.
More about Empire Resources Limited
Empire Resources Limited is an Australian exploration company focused on copper and gold projects. Its flagship asset is the Yuinmery Copper-Gold Project in Western Australia, where the company targets both gold prospects and copper-gold mineralisation across multiple prospects and corridors.
Average Trading Volume: 2,854,981
Technical Sentiment Signal: Sell
Current Market Cap: A$27.13M
Learn more about ERL stock on TipRanks’ Stock Analysis page.