Business
Emperor Metals Provides Drilling Update for Duquesne West Gold Project
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2023) - Emperor Metals Inc. (CSE: AUOZ) (OTC Pink: EMAUF) (FSE: 9NH) ("Emperor") is pleased to announce
About this update from Emperor Metals, Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 26, 2023) - Emperor Metals Inc. (CSE: AUOZ) (OTC Pink: EMAUF) (FSE: 9NH) (\"Emperor\") is pleased to announce the resumption of drilling operations at the Duquesne West Gold Project. The drilling activities had temporarily ceased between June 4th and June 30th due to a provincial ban on work in response to the significant forest fires in the Province of Quebec. CEO John Florek commented: \"We are excited to have resumed our fully funded, +7,000 m drilling campaign now that the province-wide wildfire ban on field exploration has been lifted. Our program was designed to test several new scenarios developed from Artificial Intelligence (A.I.) Models which highlighted evidence of the controls to mineralization following several gold-rich trends along a known plunge. Our drilling targets are designed to add ounces through several strategies based on our new understanding of these controls. Our exploration goals are to enhance grade and ounces internal to the deposit, to discover additional ounces external to the deposit, and to fill any data gaps in areas of trending gold-rich mineralization (See Figures 1 and 2). Strategically located near Rouyn-Noranda, Quebec, there are many opportunities for additional growth and discovery at the margin of this high-grade gold deposit on this property. Numerous mines are located nearby within a district dominated by Agnico Eagle, and Newmont. We have a tremendous opportunity to continue creating value on this property.\" Figure 1: Phase 1 Targeting Figure 2: Examples of historic drill intercepts Highlights Based on knowledge gained from in-house A.I. modelling, additional drilling permit applications were submitted on May 4th and granted on June 26th.. The additional permits will provide optionality to the Phase 1 drilling program as results emerge. Permits were also received for drilling in areas close to wetlands. Emperor's initial ~+7,000 meter Phase 1 Drill Program began on May 9th and a province-wide wildfire ban went into effect during the drilling of the second diamond drill hole. Geological processing for the first two holes was completed and samples have been sent to SGS Laboratories in Lakefield, ON. Drilling resumed on June 30th and the first three diamond drill holes have now been completed: DQ23-01: 1,068 meters DQ23-02:...