Business
Emperor Metals Commences Phase I Drilling at High-Grade Duquesne West Gold Project in Quebec
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2023) - Emperor Metals Inc. (CSE: AUOZ) ("Emperor" or the "Company") is pleased to report that drilling i
About this update from Emperor Metals, Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 15, 2023) - Emperor Metals Inc. (CSE: AUOZ) (\"Emperor\" or the \"Company\") is pleased to report that drilling is now underway at the Duquesne West Gold Project in Quebec. CEO John Florek commented: \"We are excited to commence the fully funded, 7,000 to 10,000 m drilling campaign on schedule, despite some recent challenging weather. Our first hole will intercept several known gold lenses for resource expansion and target previously unexplored areas. The newly developed A.I. Geological Model identified other opportunities where competency contrasts between intrusives and volcanics could provide additional discoveries for gold deposition.\" Our inaugural 2023 drilling campaign is designed to expand the resource potential of an overlooked deposit. Our target selection for the initial drill program is strategic, focusing on both the existing footprint and areas outside of it at varying depths. By efficiently exploring these areas, we aim to add more ounces to the current historical resource and maximize its expansion. Figure 1: Phase 1 Targeting About the Duquesne West Gold Project The Duquesne West Gold Property is located 32 km northwest of the city of Rouyn-Noranda and 10 km east of the town of Duparquet. The property lies within the historic Duparquet gold mining camp in the southern portion of the Abitibi Greenstone Belt in the Superior Province. Under an Option Agreement, Emperor agreed to acquire a one hundred percent (100%) interest in a mineral claim package comprising 38 claims covering approximately 1,389 ha, located in the Duparquet Township of Quebec (the \"Duquesne West Property\") from Duparquet Assets Ltd., a 50% owned subsidiary of Globex Mining Enterprises Inc. (TSX: GMX). For further information on the Duquesne West Property and Option Agreement, see Emperor's press release dated October 12, 2022, available on SEDAR. The Property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t Au.1,2 The mineral resource estimate predates modern CIM guidelines and a Qualified Person on behalf of Emperor has not reviewed or verified the mineral resource estimate, therefore it is considered historical in nature and is reported solely to provide an indication of the magnitude of mineralization that could be present on the prop...