Business
Drilling Results & 75% Acquisition of Eclipse
Drilling Results & 75% Acquisition of Eclipse.
About this update from Empire Metals Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 1253I\n Empire Metals Limited\n 10 December 2020\n \n \n \n \n To view the announcement with the illustrative images and diagrams please use the following link: \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/1253I_1-2020-12-9.pdf\n \n \n \n \n \n Empire Metals Limited / AIM: EEE / Sector: Natural Resources\n \n \n 10 December 2020\n \n \n \n Empire Metals Limited \n \n \n ('Empire' or the 'Company')\n \n \n \n Further Positive Drilling Results & Completion of 75% Acquisition of Eclipse Gold Project\n \n \n \n \n \n Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce an update relating to its Eclipse Gold Project, located 55km north-east of Kalgoorlie, Western Australia ('Eclipse' or the 'Project').\n \n \n \n \n \n Overview\n \n \n · \n Initial work programme completed at Eclipse has increased confidence in the Project's potential to host a profitable small-scale high-grade open pit gold mine\n \n \n · \n Further significant assay results received to date include:\n \n \n o \n ECRC20_022: 14m @ 3.78 g/t gold ('Au') from 22m, including 1m @ 21.4 g/t Au, and 1m @ 16.65 g/t Au \n - This hole includes three different clusters of quartz veining mainly associated with the higher grades, confirming there is more than one mineralised structure\n \n \n o \n ECRC20_027: 8m @ 2.27 g/t Au from 32m including 3m @ 5.27 g/t Au\n \n \n o \n ECRC20_032: 5m @ 6.50 g/t Au from 26m, including 3m @ 9.29 g/t Au\n \n \n o \n ECRC20_017: 3m @ 3.18 g/t Au from 49m including 1m @ 6.49 g/t Au\n \n \n o \n ECRC20_026: 1m @ 6.93 g/t Au at surface, and 1m @ 4.50 g/t Au from 10m \n \n \n o \n ECRC20_021: 14 m @ 1.70 g/t Au from 9m depth including 1m @ 7.76 g/t Au at 9m and 4m @ 2.37 g/t Au from 19m\n \n \n · \n Additional work programme to commence before year end including infill and extension drilling at Eclipse to better define the near-surface potential resource and extensions at depth and along strike, in addition to target testing at Houdini and others defined from geochemistry\n \n \n · \n Completion of 75% acquisition of Eclipse through execution of option agreement following fund raising completed on 24 November 2020\n \n \n \n Mike Struthers, CEO, said:\n \n \n \"We are pleased to ha...