Empire Metals Ltd (AIM: EEE) has announced the completion of an airborne gravity survey over its Pitfield project located in Western Australia.
Empire’s shares have tripled in the previous quarter due to the discovery of a substantial titanium deposit at Pitfield, in addition to copper, which was the original focus.
The company, a junior miner, plans to integrate gravity data with existing geological information to determine drilling targets across the entirety of the identified anomaly.
Future Work
The maiden drill campaign consisted of only 21 RC drill holes totalling 3,206 metres, with the first 18 holes focused near the old Mt Scratch workings to the north and the final three holes spread evenly across a 30km distance to the south. The next fully funded drill programme, including both diamond core and additional RC drilling, will be carried out along the entire length of the magnetics anomaly to confirm the scale of this giant, titanium-enriched mineral system and to also understand the distribution of key factors better, such as grade, mineralogy, thickness and extent of mineralised beds and controls on high-grade TiO2 mineralisation.
Managing Director Shaun Bunn expressed progress in understanding the scope and magnitude of this globally significant titanium find. He explained the gravity survey’s primary aim is to chart variations in the underground rock density at Pitfield. The 40km by 8km magnetics anomaly will be examined at high resolution to aid in selecting drilling targets, with emphasis on identifying and examining the more dense and higher-grade sections of this enormous titanium-rich mineral system.
Bunn also added that the iron-titanium oxide mineralisation previously found at Pitfield is denser than the surrounding unaltered sediments, making it stand out significantly in the survey.
