Empire Resources (ASX:ERL) advises that it has commenced a circa 3,500m aircore (AC) drilling campaign at its 100% owned Penny’s Gold Project 45km east of Kalgoorlie in Western Australia.
The drilling is planned to follow up strong gold intercepts from drilling undertaken by Empire during September 2022 at the Penny’s Gold Project, testing the extents of the mineralisation encountered.
The campaign will take approximately two weeks to complete with laboratory assay returns expected approximately six weeks following thereafter.
The Penny’s Gold Project targets lie immediately adjacent to and along strike of the existing 270,000t @ 4.99g/t Au for 43,000oz Resource at the Penny’s Find Gold Mine. Empire is entitled to royalties on gold production from mining operations undertaken at the Penny’s Find Gold Mine which is owned by Horizon Minerals Limited
Empire is pleased to be drilling again at our Penny’s Gold Project east of Kalgoorlie where we encountered excellent gold in assays during our September 2022 aircore drill campaign,” Managing Director, Sean Richardson, said.
“Strong gold results received from 1.0m samples taken from the original 4.0m drilling composites further reinforces the potential for the project and gives confidence to continue drilling.
“This aircore drilling programme follows up the results of the September 2022 drilling by testing the lateral and strike extents of the identified mineralisation. The results from this campaign will contribute to the identification of deeper primary mineralisation targets.
“The potential of the Penny’s Gold Project continues to grow with each campaign, we look forward to delivering market updates as our exploration progresses.”
Gold mineralisation within the Penny’s Gold Project is interpreted to be similar to that encountered at Penny’s Find Gold Mine and the Garibaldi Depositwhere gold is associated with shear related quartz veining within mafic volcanic rocks, shales (including black shales) and minor altered felsic rocks. The mineralised Penny’s Find Shear Zone extends through E27/593 along with subparallel structures.
Empire completed 69 aircore holes for 5,269m in September 2022. Assays from the complete drill program returned multiple anomalous and high-grade gold±arsenic results across all prospects. In December 2022 Empire geological staff collected 1m re-split samples from select composite aircore intervals >0.40g/t Au. The results of the 1m re-split sampling reinforces the tenor of gold mineralisation encountered and improves targeting of future drilling.
For further information please visit: https://www.resourcesempire.com.au/