Emperor Provides Drilling Update for the Duquesne West Gold Project
Emperor Provides Drilling Update for the
Duquesne West Gold Project
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2023) - Emperor Metals Inc. (CSE: AUOZ) (OTC
Pink: EMAUF) (FSE: 9NH) ("
Emperor
") is pleased to announce the resumption of drilling operations at
the Duquesne West Gold Project. The drilling activities had temporarily ceased between June 4th and
June 30th due to a provincial ban on work in response to the significant forest fires in the Province of
Quebec.
CEO John Florek commented:
"We are excited to have resumed our fully funded, +7,000 m drilling campaign now that the province-
wide wildfire ban on field exploration has been lifted. Our program was designed to test several new
scenarios developed from Artificial Intelligence (A.I.) Models which highlighted evidence of the controls
to mineralization following several gold-rich trends along a known plunge. Our drilling targets are
designed to add ounces through several strategies based on our new understanding of these controls.
Our exploration goals are to enhance grade and ounces internal to the deposit, to discover additional
ounces external to the deposit, and to fill any data gaps in areas of trending gold-rich mineralization (See
Figures 1 and 2).
Strategically located near Rouyn-Noranda, Quebec, there are many opportunities for additional growth
and discovery at the margin of this high-grade gold deposit on this property. Numerous mines are
located nearby within a district dominated by Agnico Eagle, and Newmont. We have a tremendous
opportunity to continue creating value on this property."
Figure 1: Phase 1 Targeting
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Figure 2: Examples of historic drill intercepts
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Highlights
Based on knowledge gained from in-house A.I. modelling, additional drilling permit applications were
submitted on May 4
th
and granted on June 26
th.
. The additional permits will provide optionality to the
Phase 1 drilling program as results emerge. Permits were also received for drilling in areas close to
wetlands.
Emperor's initial ~+7,000 meter Phase 1 Drill Program began on May 9
th
and a province-wide wildfire
ban went into effect during the drilling of the second diamond drill hole. Geological processing for the first
two holes was completed and samples have been sent to SGS Laboratories in Lakefield, ON.
Drilling resumed on June 30
th
and the first three diamond drill holes have now been completed:
DQ23-01: 1,068 meters
DQ23-02: 834 meters
DQ23-03: 948 meters
Drilling has commenced on the fourth diamond drill hole, DQ23-04.
The 2023 field program is expected to run until the end of September and complete 10 diamond drill
holes of about 700m each on average, for a total of about 7,000m. To date, 3,000m have been
completed. Each hole is carefully planned using the most current information and interpretation of results.
About the Duquesne West Gold Project
The Duquesne West Gold Property is located 32 km northwest of the city of Rouyn-Noranda and 10 km
east of the town of Duparquet. The property lies within the historic Duparquet gold mining camp in the
southern portion of the Abitibi Greenstone Belt in the Superior Province.
Under an Option Agreement, Emperor agreed to acquire a one hundred percent (100%) interest in a
mineral claim package comprising 38 claims covering approximately 1,389 ha, located in the Duparquet
Township of Quebec (the "Duquesne West Property") from Duparquet Assets Ltd., a 50% owned
subsidiary of Globex Mining Enterprises Inc. (TSX: GMX). For further information on the Duquesne West
Property and Option Agreement, see Emperor's press release dated October 12, 2022, available on
SEDAR.
The Property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade
of 5.42 g/t Au.
1,2
The mineral resource estimate predates modern CIM guidelines and a Qualified
Person on behalf of Emperor has not reviewed or verified the mineral resource estimate, therefore it is
considered historical in nature and is reported solely to provide an indication of the magnitude of
mineralization that could be present on the property. The gold system remains open for resource
identification and expansion.
Reinterpretation of the existing geological model was created using A.I. and Machine Learning. This
model shows the opportunity for additional discovery of ounces by revealing gold trends unknown to
previous workers and the potential to expand the resource along significant gold-endowed structural
zones.
1
Watts, Griffis, and McOuat Consulting Geologists and Engineers, Oct 20, 2011, Technical Report and Mineral Resource Estimate Update for the
Duquesne-Ottoman Property, Quebec, Canada for XMet Inc.
2
Power-Fardy and Breede, 2011. The Mineral Resource Estimate (MRE) constructed in 2011 is considered historical in nature as it was constructed
prior to the most recent Canadian Institute of Mining and Metallurgy (CIM) standards (2014) and guidelines (2019) for mineral resources. In addition,
the economic factors used to demonstrate reasonable prospects of eventual economic extraction for the MRE have changed since 2011. A qualified
person has not done sufficient work to consider the MRE as a current MRE. Emperor is not treating the historical MRE as a current mineral resource.
The reader is cautioned not to treat it, or any part of it, as a current mineral resource.
QP Disclosure
The technical content for the Duquesne West Project in this news release has been reviewed and
approved by John Florek, M.Sc., P.Geol., a Qualified Person pursuant to CIM guidelines.
About Emperor Metals Inc.
Emperor Metals Inc. is an innovative Canadian mineral exploration company focused on developing
high-quality gold properties situated in the Canadian Shield. For more information, please refer to
SEDAR (
www.sedar.com
), under the Company's profile.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ "John Florek"
John Florek
, M.Sc., P.Geol
President, CEO and Director
Emperor Metals Inc.
For further information, please contact:
Mr. Alex Horsley, Director
Phone:
778-323-3058
Email:
Website:
www.emperormetals.com
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE
CONTENT OF THIS PRESS RELEASE
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MADE AND INFORMATION CONTAINED HEREIN MAY CONSTITUTE "FORWARD-LOOKING
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