Empire Resources Penny’s Find gold mine

High-grade gold confirmed for Empire Resources

Further in-pit high grade gold has been confirmed by gold miner, Empire Resources Ltd following the latest round of grade control drilling undertaken at its Penny’s Find gold mine, 50km northeast of Kalgoorlie, WA.

This round of Reverse Circulation drilling was designed to provide grade control information from 60m depth to the planned 85m bottom of the Penny’s Find open-pit.

Mining is currently at 55m depth with Empire already well advanced in its feasibility studies to take the mine underground.

In the latest drill program, a total of 15 holes for 486 metres was completed on a 10m X 10m pattern at -60 degrees along the length of the gold ore zone.

As anticipated, the grade control drilling returned numerous high grade gold intersections from the lower part of the planned open pit.

Better results include:

? 7m @ 6.22g/t Au from 30m depth in hole PGC147

? 7m @ 12.14g/t Au from 30m depth in hole PGC148

? 4m @ 7.90g/t Au from 24m depth in hole PGC154

? 6m @ 9.60g/t Au from 16m depth in hole PGC157

? 7m @ 12.50g/t Au from 20m depth in hole PGC158

? 6m @ 8.78g/t Au from 24m depth in hole PGC159

? 9m @ 20.60g/t Au from 12m depth in hole PGC160

 

Results from all holes returning >1.30g/t Au* over 2m are presented in Table 2. True widths are 85% of down hole intersections.

* 1.30g/t Au is the lower cut-off for run of mine ore transported to a toll treatment plant.

Empire’s Managing Director, Mr David Sargeant:

“As expected, the open-pit mining operation is now accessing the higher grade part of the ore body. We are looking forward in the next couple of months to solid gold production through the Lakewood toll treatment facility at Kalgoorlie.

These results also bode well for the completion of our underground feasibility study as they indicate grades in the fresh part of the ore body are robust at depth”.

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