Samples at the Yuinmery project, Western Australia. (2022) Source: Empire Resources
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Empire Resources (ERL) restarts reverse circulation (RC) drilling at its Yuinmery project in Western Australia
  • A 924-metre drilling campaign has now wrapped up, testing highly prospective copper and gold targets
  • Drilling tested strike extents to the highly prospective YT01 prospect, where “a deep, wide zone of copper mineralisation” was previously identified
  • Geological logging, sample collection and sample submissions will be completed within the coming days, with assays expected in around six weeks
  • ERL shares remain steady, trading at 0.7 cents at 2:55 pm AEDT

Empire Resources (ERL) has restarted reverse circulation (RC) drilling at its Yuinmery project in Western Australia.

The company completed a 924-metre RC drilling campaign, testing highly prospective copper and gold targets.

Empire Managing Director Sean Richardson said the restart follows on from “encouraging” copper and gold mineralisation discovered in last year’s drilling campaigns.

“Mineralisation at Yuinmery has been observed within broad zones of massive to disseminated pyrrhotite-chalcopyrite-pyrite and pyrite-chalcopyrite sulphides, demonstrating the compelling nature of these exploration targets,” he said.

“This RC drilling program aims to test for strike extents to the highly prospective YT01 prospect, where we have already identified a deep, wide zone of copper mineralisation.”

“The results from this campaign will contribute to assessing the extents of the mineralisation, providing vector data for future targeted drilling campaigns,” Mr Richardson added.

The “encouraging” copper and gold assays appeared from within two broad pyritechalcopyrite sulphidic zones at the YT01 prospect.

The YT01 Prospect resides roughly 1.5 kilometres along strike of Empire’s Just Desserts deposit, which hosts a current JORC 2012 resource of 2.52 million tonnes at 1.31 per cent copper and 0.49 grams per tonne gold.

Drilling at YT01 targeted the strike 100 metres east and west of the identified mineralisation. It was extended to reach 220 metres in depth, testing for untapped sulphide mineralisation.

Empire said geological logging, sample collection and sample submissions will be completed in the coming days, with assays expected in around six weeks.

ERL shares remained steady, trading at 0.7 cents at 2:55 pm AEDT.

ERL by the numbers
More From The Market Online
The Market Online Video

Market Close: Green light launches ASX lift off as US inflation ebbs

The ASX200 closed nearly 1.6% up. Every sector – aside from energy – ended in the green.
The Market Online Video

Market Update: ASX accelerates ahead of future forecasts

The ASX200 delivered a sweet surprise this morning, surging 1.7 per cent to deliver growth far in excess of future’s predictions.

The home PC changed retail stores forever. Shekel Brainweigh can do it again

Retail store automation demands tech to prevent shoplifting and give business owners peace of mind. Shekel…

Pivotal Metals unveils copper continuity at Quebec play Horden Lake

Drilling work at the Horden Lake project in Quebec has revealed continuously thick zones of copper…