TIDMEEE
RNS Number : 2914M
Empire Metals Limited
13 September 2023
Empire Metals Limited / LON : EEE / Sector: Natural
Resources
13 September 2023
Empire Metals Limited
('Empire ' or the 'Company')
Drilling to Commence at Pitfield:
Focusing on the Scale and Structure of the Giant
Titanium-Enriched Mineral System
Empire Metals Limited (LON: EEE), the AIM-quoted resource
exploration and development company, is pleased to announce that
the first phase of the Company's next major exploration campaign at
the Pitfield Project in Western Australia ('Pitfield' or the
'Project') is scheduled to commence next week, with a total of
1,500 metres of Diamond Core drilling planned over the coming
weeks.
Highlights
-- Major exploration campaign launched to confirm the scale of
this giant, titanium-enriched mineral system and to provide more
information about key parameters such as mineralogy, grades,
tonnage potential and geological controls on the thicker,
higher-grade mineralisation.
-- The drilling programme will consist of three angled, 500m
deep, diamond core drill holes focused on confirming the
continuation of the high-grade titanium mineralisation discovered
during the Company's maiden drill campaign.
-- Particular focus on the large, very dense core mapped by
airborne gravity survey which is believed to be indicative of the
thicker and higher-grade parts of this extensively altered, giant
titanium-rich mineral system which extends over 40km x 8km.
-- The highest density areas identified by the airborne gravity
survey are outside areas tested in the maiden drilling campaign,
which consisted of 21 Reverse Circulation (RC) holes totalling
3,206 metres.
-- The next phase of RC drilling, scheduled for Q4 2023, will
involve a much larger programme along the length of the
high-density gravity core within the regional magnetics
anomaly.
Shaun Bunn, Managing Director, said: "I am delighted to announce
we are in the final stages of mobilising our drilling contractor,
in readiness to commence drilling next week the first of the three
diamond core holes we have planned for Pitfield. The diamond core
drilling is the first phase of a major exploration push aimed at
understanding the grade, mineralogy, thickness and extent of this
extensively altered, giant titanium-rich mineral system.
"The diamond core holes are focussed in areas of known titanium
enriched mineralisation, based on the results of our maiden RC
drill campaign, and the information we will gain from these three,
500m deep, drill cores will be invaluable in terms of increasing
our understanding of the thickness and geological controls on the
titanium mineralisation, as well as providing a greater insight
into the nature of the titanium minerals and their metallurgical
characteristics."
The Pitfield Project
Empire holds a 70% interest in Pitfield which is comprised of
four granted Exploration Licences (E70/5465, E70/5876, E70/6320 and
E70/6323) covering 1,042km(2) . Pitfield is located near Three
Springs, a town 313km north of Perth, Western Australia on the
Midlands Road, which until the opening of the Brand Highway in 1975
was the main road route from Perth to the state's north (refer
Figure 1).
Figure 1. Pitfield Project Location showing the scale of the
magnetics anomaly and coincident alteration footprint.
Regional gravity and magnetics surveys, carried out historically
by the Geological Survey of Western Australia (GSWA), identified
strong, extensive and coincident gravity and magnetics anomalies
within the Yandanooka Basin but lacked detail due to the wide line
spacing of these historical surveys.
The more detailed airborne magnetics (AM) and airborne
electromagnetics (AEM) surveys undertaken by Empire (announced 21
September 2022) confirmed a field-mapped massive alteration
footprint within the host sedimentary rocks that was coincident
with the historical gravity anomaly and the new, detailed magnetic
and electromagnetic anomalies extending over a 40km north-south
distance (Figure 1).
The results of the recent airborne gravity survey have
highlighted a high-density, central core, which is a regional-scale
feature, covering an area 30km in length and up to 6km wide. The
gravity data matches the airborne magnetics flown by Empire whereby
the more magnetic rocks are also located within the same central
core.
Planned Diamond Core Drilling Programme
The maiden, reconnaissance RC drilling campaign (announced 30
May 2023) was focused on areas where Empire had previously
identified highly chargeable-highly resistive anomalies from
Induced Polarisation (IP) ground surveys. This has now been shown
to be associated with stratabound iron and titanium oxide
mineralisation hosted within hydrothermally altered
sandstone-siltstone and conglomerate beds. None of these holes was
drilled into any of the discrete high-density anomalies identified
from the recent detailed airborne gravity survey (Figure 2).
Figure 2. Grey-scale magnetics map overlain by airborne gravity
survey results with indicative highest density zones (solid yellow
outlines) and locations of planned diamond core drill holes and
maiden RC drill holes/IP survey lines.
The extensive, high grade titanium mineralisation (between 4%
and 10% TiO(2) ), identified in all but one of 21 RC holes
previously drilled, has provided Empire with a globally
significant, world class exploration target that requires diamond
core drilling to fully assess its economic potential. The three
diamond core drill holes have been strategically positioned to
provide maximum coverage across the 30km length of the
high-density, central core of the magnetics anomaly (refer Figure
2).
Future Work
The gravity data shows a distinct linear gravity high of at
least 15km in length, associated with the very dense rocks,
flanking the eastern margin of the regional gravity anomaly but
largely corresponding to rocks of lower magnetic susceptibility.
This is an unexpected outcome which potentially highlights new
zones of concentrated titanium mineralisation. A separate strong
but discrete gravity high also occurs towards the northern end of
the regional gravity core feature. These two gravity highs infer
subsurface rock densities up to four times greater than the
surrounding rocks. At the south-western end of the regional gravity
core lies an additional distinct gravity high that infers rock
densities of up to three times that of surrounding rocks. These
very dense zones may be represented by extensive concentrated Fe-Ti
oxide mineralised beds.
The next drill programme, scheduled for late 2023, will involve
a significant RC drilling campaign, which will be carried out along
the length of the high-density gravity core and, in particular,
focusing on the very dense zones that have now been identified
within the magnetics anomaly. The objective of this drill programme
is to not only confirm the scale of this giant, titanium-enriched
mineral system but to also understand the distribution of key
factors better, such as grade, mineralogy, thickness and extent of
mineralised beds and controls on high-grade TiO(2)
mineralisation.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014, as incorporated into UK law by the
European Union (Withdrawal) Act 2018, until the release of this
announcement.
**ENDS**
For further information please visit www.empiremetals.co.uk or contact:
Empire Metals Ltd
Shaun Bunn / Greg Kuenzel Tel: 020 4583 1440
S. P. Angel Corporate Finance LLP Tel: 020 3470 0470
(Nomad & Broker)
Ewan Leggat / Adam Cowl
---------------------
Shard Capital Partners LLP (Joint Tel: 020 7186 9950
Broker)
Damon Heath
---------------------
St Brides Partners Ltd (Financial Tel: 020 7236 1177
PR)
Susie Geliher / Ana Ribeiro
---------------------
About Empire Metals Limited
Empire Metals is an AIM-listed (LON: EEE) exploration and
resource development company with a project portfolio comprising
copper, titanium and gold interests in Australia and Austria.
The Company's strategy is to develop a pipeline of projects at
different stages in the development curve. Its current focus is on
the Pitfield Project in Western Australia, which has demonstrated
to contain a newly recognized giant mineral system that hosts a
globally significant titanium discovery. The Company is also
advancing the Eclipse-Gindalbie Project in Western Australia, which
is prospective for high-grade gold and also kaolin used to produce
high-purity alumina, an essential component in lithium-ion
batteries.
The Company also has two further exploration projects in
Australia; the Walton Project in Western Australia, and the Stavely
Project in the Stavely Arc region of Victoria, in addition to three
precious metals projects located in a historically high-grade gold
producing region of Austria.
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END
MSCDZGMLKFNGFZG
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September 13, 2023 02:00 ET (06:00 GMT)
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