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- Empire Resources (ERL) intersects more multi-element mineralisation at its Yuinmery project in Western Australia
- Today’s assay results come from a previously-reported 22.38 metres of massive to disseminated pyrrhotite-chalcopyrite-pyrite sulphides at the Smiths Well prospect
- Assays from the first two drill holes have returned wider intercepts of copper, nickel and cobalt mineralisation
- The company completed down-hole electromagnetic surveys on the drill holes and will use the results to plan future work
- Empire Resources shares close higher by 14 per cent at 0.8 cents
Empire Resources (ERL) has intersected more multi-element mineralisation at its Yuinmery project in Western Australia.
The company completed a four-hole diamond drilling program across the project covering 1612 metres.
Today’s assay results come from a previously-reported 22.38 metres of massive to disseminated pyrrhotite-chalcopyrite-pyrite sulphides at the Smiths Well prospect.
Assays from the first drill hole at Smiths Well, YDD22-04, included 23.09 metres at 0.45 per cent copper, 0.15 per cent nickel and 364 parts per million cobalt from 328.42 metres downhole.
A second hole, YDD22-05, intersected 4.4 metres at 0.4 per cent copper, 0.1 per cent nickel and 251 parts per million cobalt from 387 metres downhole.
Empire’s Managing Director, Sean Richardson, said the results supported the company’s proposition that there was potential at the project to discover multiple economic multi-element mineral deposits.
“The latest assays received for Smiths Well demonstrate the thickness and continuity of
sulphide mineralisation at depth,” Mr Richardson said.
Assay results are pending for YDD22-06, though Empire completed downhole electromagnetic geophysical surveys on this drill hole as well as YDD22-05 to determine the presence and extent of sulphide-conducting bodies.
Mr Richardson said the company was keenly awaiting the results from the survey work, which it would use to plan and execute further work.
Empire Resources shares closed higher by 14 per cent at 0.8 cents.
