Raw copper
Source: Adobe Stock
The Market Online - At The Bell

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

Empire Resources (ASX:ERL) has confirmed the extension of mineralisation at YT01, a standout prospect in its Yuinmery copper-gold project in Western Australia which includes a large zone of copper-nickel-PGM.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

The prospect was discovered in late 2019 and is connected to a multi-element (gold-copper-zinc-nickel) east-west trending geochemical anomaly.

Its extension was confirmed as part of Empire’s 15-hole, 1,236-metre reverse circulation drilling program from January, from which all assays have now been received.

Among other achievements of the program were intersections of high-grade copper at another prospect, YT12, which included six metres at 8,821 parts per million copper and 0.26 grams per tonne gold from 82 metres, including one metre at 3.69% copper and 0.77g/t Au from 83 metres.

The drilling sought to test mineralisation in five different copper-gold target areas across the project, which is located 470 kilometres northeast of Perth.

More market news

Levy beef: Trump whacks Oz with 10% tariffs on “Liberation Day”

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

Other results – from three different holes – included 16 metres at 4,140ppm Cu and 0.11g/t Au from 96 metres; 12 metres at 4,549ppm Cu from 76 metres; and 12 metres at 4,633ppm Cu & 0.10 g/t Au from 32 metres.

Empire followed this work up with more RC drilling in March; results are pending.

ERL shares have been trading at 0.3 cents this morning.

Join the discussion: See what HotCopper users are saying about Empire Resources and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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

Market Close: ASX Ltd drops on ASIC $150M raise request; iron ore offsets gold bounceback

Good Afternoon and welcome to Market Close for Monday of Week 51, I’m Jon Davidson.
HotCopper Daily Market Trends Graphic

Monday’s HotCopper trends: Winsome, 4D Medical, and other daily topics | Dec 15

With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front
A dirt road running through the Antimony Canyon project in Utah.

American Tungsten and Antimony leaves ‘Trigg’ name behind to start next era (and set fresh focus)

American Tungsten and Antimony has entered a new era, leaving the name "Trigg Minerals" behind to…
The Market Online Video

How to manage money on the average Aussie income

This week on Money and Investing, Mitch Olarenshaw and I break down how to manage money on the average Australian income, using practical