GCIEmpire Metals shares soar on record titanium grades at Pitfield Project
() , an AIM-listed critical metals explorer, announced lab results from the 2nd and 3rd diamond core drillholes completed at its Pitfield Project in Western Australia. The results confirm high-grade titanium mineralisation zones across thick bedded intervals to a vertical depth of c. 350m, confirming the high prospectivity of Pitfield's titanium mineral system. shares jumped 32% on the announcement.
Empire Metals reported the highest-grade drilling results to date from Pitfield, including drillhole DD23TOM001 (297.1m @ 6.10% TiO2 from 111.4m, including 51.6m @ 7.12% TiO2 from 326.0m) and drillhole DD23COS001 (173.2m @ 5.76% TiO2 from 18.6m, including 58.7m @ 6.32% TiO2 from 24.0m).
The latest results complement previously reported, thick high-grade interval (276.5m @ 4.57% TiO2 from 80.5m) from the 1st diamond drillhole DD23MTS001, announced on November 20, 2023. Empire Metals is conducting an extensive Reverse Circulation (RC) programme of Pitfield's high-grade target areas, with approx. 18 RC drill holes completed so far out of a total of 40 planned.
View from Vox
More positive results from Empire Metals' Pitfield Project, further testifying to the high-grade titanium enriched mineralised system at the site. All 3 diamond drillholes completed to date have intersected strong, sediment-hosted titanium mineralisation throughout the length of each hole. The latest 2 intersections are located close to a high-grade TiO2 surface target area (one covering 6km2 and the other covering 3km2) identified from Empire's recently completed sampling.
Results so far point to a strong and extensive titanium system with thick, high-grade bedded intervals close to surface. The company is now reporting TiO2 values in excess of 7% over greater than 50m thick, bedded intervals. The beds that carry the higher grades come to surface to the west of Empire's diamond drill collars. These shallower, higher-grade targets have been the focus of Empire's extensive 40-hole RC drill campaign.
Subject to the outcomes of the current RC drill programme, Empire expects to carry out a further 6,000m RC drill programme in Q1 2024.
Empire holds a 70% interest in Pitfield, which is comprised of 4 licences (E70/5465, E70/5876, E70/6320 and E70/6323) covering 1,042 km2. Pitfield is located near Three Springs, 313km north of Perth, Western Australia.
Follow News & Updates from Empire Metals:
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.