Empire Metals Ltd (EEE.L) Drilling Update at Eclipse Gold Project

Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce further reverse circulation (‘RC’) drilling results at the Eclipse Gold Project, located 55km north-east of Kalgoorlie, Western Australia (‘Eclipse’ or the ‘Project’).

To date a total of 2,178 metres have been drilled of a total planned 44-hole, 2,600m programme. Drilling to date has focused on the Eclipse target within the licence, specifically the area to the immediate north and south of the Eclipse shaft, which historically produced 954 tonnes @ 24.6 g/t Au for 754.25 oz Au.

Further significant results received include:

· Drillhole ECRC20_009: 3m @ 21.96 g/t gold (‘Au’) from 45m(including 1m @ 56.9 g/t Au) – this is 30m along strike of existing historical workings and represents a previously unidentified extension to the main high-grade lode

· Drillhole ECRC20_037: 8m @ 3.2 g/t Au from 133m(including 3m @ 4.45 g/t Au) – the deepest hole drilled to date and approximately 40m below the previously reported result of 11m at 3.04g/t (refer announcement 28 October 2020) indicating the mineralised structure remains open at depth and along strike

· Drillhole ECRC20_039 (refer announcement 28 October 2020) includes 4m @ 4.98 g/t Au

· Drillhole ECRC20_005: 8m @ 2.14 g/t Au from 42m

The results provide confirmation of extensions to previously defined mineralisation both along strike from the old workings, and at depth (refer Figure 1). Grade-thickness contours and other interpretations of the data will be updated as more information becomes available.

Downhole surveys are in progress, including optical televiewer surveys which provide a digital image of the drillhole walls that can be used in subsequent geological interpretations. Drilling has also now commenced at the second target, Houdini, which is approximately 1.2km north-west of the Eclipse target.

Mike Struthers, CEO, said: “Confirmation that the Eclipse mineralisation remains open at depth and along strike is very encouraging, and the high-grade intersection in drillhole ECRC20_009 supports extensions to the high-grade vein exploited in the old workings. The geological interpretation of the Eclipse mineralisation is still in its early stages, and the Company continues to interpret the data as it becomes available. I look forward to providing more updates in due course.”

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.


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