Empire Resources Limited (ASX: ERL) Announces Yuinmery Aircore Drilling Results
Drilling Results Overview
Empire Resources Limited (ASX: ERL) has announced significant outcomes from its recently completed aircore drilling program at the Yuinmery Copper-Gold Project in Western Australia. The final assay results confirm the extension of mineralisation at the YT01 prospect and reveal impressive copper grades, including 43m at 4294ppm Cu from 16m, with notable intervals such as 8m at 8230ppm Cu from 28m in the YAC24-29 drill hole.
Other highlights include 20m at 2917ppm Cu and 0.25g/t Au from 0m in YAC24-31, and 24m at 2240ppm Cu from 8m, featuring 12m at 2891ppm Cu and 0.28g/t Au from 12m in YAC24-26. Additionally, anomalous copper-gold results were encountered at the YT12 and YT19 prospects, indicating further potential within the project area.
Future Exploration Plans
The aircore drilling program comprised 31 holes totaling 1,483m to evaluate four distinct target areas, particularly at YT01 where previous efforts have identified extensive mineralisation. Follow-up drilling is scheduled for the first quarter of 2025, targeting the promising mineralised zones to evaluate their extension both in depth and laterally.
Michael Ruane, Non-Executive Chairman of Empire Resources, stated, “We are excited to receive such positive assay results from the Yuinmery project, confirming the extension of valuable copper-gold resources. This positions Empire for a strong follow-up drilling campaign next year.”
Project Background
The Yuinmery Project, located approximately 470km northeast of Perth, encapsulates the Just Desserts volcanogenic massive sulphide deposit, which has a JORC 2012 resource estimate of 2.52Mt at 1.31% Cu, 0.49g/t Au, and 1.76g/t Ag using a 0.5% Cu cut-off. The promising geological setting indicates strong potential for the discovery of further mineral resources as exploration continues.
Empire Resources Limited remains committed to advancing its exploration activities throughout the region, aiming to elevate its operational standing and deliver shareholder value during this pivotal period.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.