Empire completes drilling program at Yuinmery, confirms mineralisation

The Market Herald
04-08

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.

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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.

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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.

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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.

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