Empire 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.
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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.
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