Business
Exploration Licence Area Expanded at Pitfield
Exploration Licence Area Expanded at Pitfield.
About this update from Empire Metals Limited
[{"type":"text","content":"\n \n \n Empire Metals Limited /\n LON\n : EEE / Sector: Natural Resources\n \n \n \n \n \n 13 December 2022\n \n \n \n Empire Metals Limited\n \n \n \n \n (\"Empire\n \n \n \" or \"the Company\")\n \n \n \n \n \n \n \n \n \n Exploration Licence Area Expanded to cover the Potential \"Giant\" Copper Province at Pitfield\n \n \n \n \n \n \n \n \n Empire Metals Limited (LON: EEE),\n the AIM-quoted resource exploration and development company,\n is pleased to announce an expansion of the exploration camp at the Pitfield Copper Project ('Pitfield'), located in Western Australia, with the addition of two new Exploration Licence Applications covering extensions to the north and south of the massive alteration footprint previously announced by the Company. This is an important step for the Company which will provide additional exploration targets across what potentially could be a \"Giant\" copper mineralised system. \n \n \n \n \n \n Highlights\n \n \n ·\n Pitfield has the potential to contain multiple sediment-hosted stratabound copper (SSC) deposits lying within what may be a \"Giant\" copper mineralised system.\n \n \n ·\n A regionally extensive geophysical anomaly has been outlined over 40km N-S by three different physical properties; density, conductivity and magnetic susceptibility, likely caused by a massive, basin-scale alteration event.\n \n \n ·\n Empire currently holds the two Exploration Licences, covering 615km2, which extend over this massive alteration footprint and has applied for an additional two Exploration Licences covering a further 426.7 km2.\n \n \n ·\n Exploration field work, including soil sampling, geological mapping has commenced, and these activities will continue in Q1 2023 ahead of an intended drill programme to evaluate the economic significance of any SSC deposit.\n \n \n \n \n \n \n \n \n Shaun Bunn, Managing Director, said:\n \n \n \"Recent geophysical surveys and geochemical mapping has identified a massive quartz-magnetite alteration footprint, extending over 40km N-S, with indications that the associated copper anomalisms may extend even further north and south. Securing these additional exploration licences to the north and south at Pitfield is a major coup for the Company, ensuring that we have maximum coverage over what we believe is an emerging Gian...