- Empire Resources (ERL) begins aircore drilling at its Penny’s gold project east of Kalgoorlie in Western Australia
- The 5000-metre program will test five highly-prospective targets that lie adjacent to and along strike of the Penny’s Find gold mine, owned by Horizon Minerals
- Drilling will also follow up on anomalous gold results from previous drilling in the area
- Empire expects the drilling program to take about two weeks, and assays will be received six weeks after that
- ERL shares are trading grey at 0.9 cents on the market at 3:07 pm AEST
Empire Resources (ERL) has begun an aircore drilling program at its Penny’s gold project, 45 kilometres east of Kalgoorlie in Western Australia.
The 5000-metre program will test five highly-prospective targets that lie immediately adjacent to and along strike of the existing Penny’s Find gold mine resource. Penny’s Find is owned by Horizon Minerals (HRZ).
The new program will also follow up on anomalous gold intercepts from previous drilling at the Penny’s gold project.
Empire Managing Director Sean Richardson said the company was pleased to be drilling again at its Penny’s gold project where it reportedly had “great success” in targeting and drilling previously unidentified gold mineralisation.
“This aircore drilling program will follow up anomalous gold intercepts from our previous drilling campaigns as well as target historic gold-in-soil anomalies that have yet to be tested by modern drilling techniques,” Mr Richardson said.
“We look forward to seeing the results of this work in the coming weeks.”
Empire expects the program to take two weeks to complete, with assays scheduled to arrive six weeks after.
ERL shares were trading grey at 0.9 cents on the market at 3:07 pm AEST.