Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH), an advanced stage gold exploration company focused on proving and developing the substantial resource potential of its flagship Duquesne West Gold Project located in the Tier 1 district of the Southern Abitibi Greenstone belt of Rouyn-Noranda, Quebec, recently announced that it is continuing to strengthen its position in gold exploration through recent advancements. These efforts show the company’s commitment to expanding its resource base and enhancing shareholder value.
The company has also announced an ambitious 8,000-meter drill program and 8,000-meter of historical core assaying at its Duquesne West Gold Project. This extensive drilling program is designed to expand the current resource base and explore new zones of mineralization within the project area. This strategic move not only aims to enhance Emperor’s asset portfolio but also demonstrates the company’s proactive approach to resource development.
In 2023, Emperor Metals conducted a successful drilling campaign at Duquesne West, achieving high-grade intercepts and identifying potential for a conceptual open-pit mining scenario. This approach could significantly improve the project’s economics by reducing stripping ratios and increasing recoverable ounces. Emperor Metals plans to continue this momentum with a fully funded Phase II drilling program, set to commence in May 2024. This program aims to further delineate resources and enhance the open-pit model.
Emperor Metals CEO John Florek, said the company was excited to resume drilling at Duquesne West Gold Project and continue its success in 2024 after a transformative year in 2023 with the revelation of a significant open pit concept above a high-grade gold deposit. “This gives Emperor the ability to add ounces more rapidly on this project due to the capability of adding potentially open pitable mineralization above the high-grade historical resource. Emperor is well funded with approximately $4 million in working capital and will advance the Duquesne West project towards an updated mineral resource,” Florek added (https://ibn.fm/Dk5Rc). “Gold prices continue to show strength, and we are confident that everything is now in place to give our shareholders the best chance of a successful upside on this project.”
The company is committed to updating the historical mineral resource estimate to comply with modern standards by Q1 2025. The company’s long-term objectives include advancing the project toward a Preliminary Economic Assessment (“PEA”) or more advanced studies. With a dedicated team of experienced professionals, Emperor Metals is well-equipped to navigate the complexities of gold exploration and development, ensuring sustained growth and value creation for its stakeholders.
These recent developments showcase Emperor Metals’ strategic vision and operational capabilities. By resuming drilling at Duquesne West, and securing significant financial investment, Emperor Metals is well-positioned to advance its exploration project and deliver value to its stakeholders. As the company progresses with its initiatives, it continues to reinforce its standing as a dynamic player in the gold exploration industry.
A strong show of faith in the company’s project is the $1 million investment made by industry legend Robert McEwen, CEO of McEwen Mining Inc., mentioned in a recent interview with Emperor Metals CEO John Florek (https://ibn.fm/022i4).
For more information, visit the company’s website at www.EmperorMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to EMAUF are available in the company’s newsroom at https://ibn.fm/EMAUF
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