Empire Metals Ltd (AIM: EEE) has informed its investors about the latest drilling outcomes from the Pitfield project in Western Australia, revealing significant titanium mineralization.
The company highlighted that the initial Diamond Core drill hole exhibited strong titanium mineralization consistently from the surface to its depth of approximately 408 meters.
These findings align with the company’s anticipation of a “district scale” system, which is believed to encompass multiple zones of thick, high-grade titanium.
Highlights
· Strong titanium mineralisation confirmed throughout entire first Diamond Core drillhole, from surface to end of hole at 408m, providing further support for the presence of a district-scale, metal-rich, hydrothermal mineral system containing multiple, thick higher grade titanium zones within the larger mineral system.
· Diamond drillhole #1 (DD23MTS001) intersected wide intervals of higher-grade titanium mineralisation:
· 276.5m @ 4.57% TiO2 from 80.5m; including
o 118.5m @ 5.13% TiO2 from 80.5m; and
o 144.8m @ 4.24% TiO2 from 207.2m
· RC drilling of higher-grade target areas has commenced, with approximately 40 RC holes totalling 6,000 metres currently planned to test the length of the coincident ~30 km long magnetics-gravity anomaly.
· Recent rock chip sampling identified broad higher grade TiO2 drill targets, covering 3km2 and 6km2 respectively, and these will be drill tested during the current programme.
· The Company expects to have lab results for the remaining two diamond drillholes available shortly and expects to be able to release more information about key parameters such as mineralogy, grades, and geological controls once the drill core assessment is completed.
Empire Metals is expecting detailed results from the diamond drilling soon. These results, combined with the current findings, are anticipated to shed light on the mineralogy, grades, and geological factors of the area.
Following this, a reverse circulation drilling initiative is planned, focusing on the areas with higher-grade mineralization.
Shaun Bunn, the managing director, expressed his enthusiasm about the laboratory results from the first diamond drill hole, located at the northern part of the extensive 40km by 8km by 5km deep hydrothermal mineral system.
Bunn further stated, “The next drilling phase has already started, involving 40 RC drill holes, which is double the number from our initial RC drilling campaign. We are optimistic about this campaign’s success, which we believe will not only confirm the vast scale of this mineral system but also the potential for widespread, high-grade titanium mineralization zones.”
