Business
Giant Cu & Ti Mineral System Confirmed at Pitfield
Giant Cu & Ti Mineral System Confirmed at Pitfield.
About this update from Empire Metals Limited
[{"type":"text","content":"\n\nEmpire Metals Limited / LON: EEE / Sector: Natural Resources\n \n30 May 2023\nEmpire Metals Limited\n(\"Empire\" or \"the Company\")\n \n\"Giant\" Copper and Titanium Mineral System Confirmed at Pitfield Project\n Including New, High-Grade Titanium Discovery\n \n \nEmpire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce that results from the Company's maiden Reverse Circulation ('RC') drill programme at the Pitfield Project ('Pitfield'), located in Western Australia, have confirmed the presence of a giant-scale hydrothermal mineral system enriched in titanium and copper. A new corporate presentation has also been uploaded to the Company's website and can be found at www.empiremetals.co.uk/investors/reports-presentations.\n \nHighlights\n \n· Confirmed the presence of a giant (~40km by 8km) metal-rich mineral system, hosted by sedimentary rocks displaying extensive evidence of intense alteration by hydrothermal fluids. These fluids are thought to be responsible for the significant enrichment of both copper (Cu) and titanium (Ti) in these sedimentary host rocks.\n· Drilling has identified a new high-grade, titanium discovery with consistently high titanium grades returned in thick intersections over a wide area identified throughout the mineral system.\n· Titanium rich mineralisation (between 4% and 10% TiO2) was identified in all but one of 21 holes drilled, starting at or very near surface and with nearly a quarter of the holes still ending in high TiO2 values of up to 154 metres depth.\n· Highly anomalous copper values (+100ppm) were reported for 60% of the drill sample intervals, averaging 131ppm Cu and peaking at 605ppm Cu; over 25 times higher than the background copper-in-soil, indicating that this giant mineral system contains significant amounts of copper and potential for multiple copper deposits in other parts of the system.\n· Chalcopyrite, a copper-iron sulphide mineral, has been identified petrographically as well as in RC chip logging within samples that returned elevated Cu assay values.\n· Only 2% of this highly prospective, giant mineral system has been drilled to date demonstrating enormous potential for ad...