Emperor Metals Expands Eastward at Duquesne West, Intercepting 2.5 m of 10.27 g/t Au and 21.5 m of 0.6 g/t Au (55.2 m of 0.3 g/t Au) in Previously Untested Areas
Emperor Metals Expands Eastward at
Duquesne West, Intercepting 2.5 m of 10.27 g/t
Au and 21.5 m of 0.6 g/t Au (55.2 m of 0.3 g/t
Au) in Previously Untested Areas
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2024) - Emperor Metals Inc.
(CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) ("
Emperor
") is pleased to share additional results from
its 2024 drilling program. The program consisted of 8,166 meters of drilling across 19 new drill holes,
and approximately 8,000 meters of historical core assaying. To date, 50% of the new drilling assays
have been reported, but only 25% of the total assays for the 2024 season (combined 2024 drilling and
historical core resampling).
CEO John Florek commented:
"The drilling results continue to impress and suggest continued growth
potential for the deposit, especially eastward along the strike of the conceptual open pit. Results are
revealing underexplored near-surface opportunities within a historical "data gap" east of the deposit
where consistent, lower-grade bulk tonnage intervals will be key for lowering costs and reducing
stripping ratios in an open-pit scenario and vital for adding incremental ounces to our upcoming
Mineral Resource Estimate (MRE) in Q1 of 2025.
Highlights:
DQ24-04 intersects 17.0 meters (m) of 0.5 g/t gold (Au) which expands on the low-grade
bulk tonnage in the Conceptual Open Pit.
DQ24-05 intersected 2.5 m of
10.27 g/t Au beneath Nip Zone (1.1 km from Conceptual
Open Pit), enhancing and expanding this high-grade potential where previous historical
results had intersected 2.5 m of 51.9 g/t Au and 16.0 m of 6.1 g/t Au.
DQ24-08 intersects 21.5 m of 0.6 g/t Au (within 55.2 m of 0.3 g/t Au), 800 m east and along
strike of the open pit concept (see Figure 1); in an area previously lacking drilling.
Full results for DQ24-04 to DQ24-09 have been released from SGS Laboratories (
see Table 1
intercept
highlights). These results continue to identify significant potential for resource expansion within and along
strike of the open pit concept through previously unidentified low grade bulk tonnage zones. Emperor is
targeting a multi-million-ounce resource in a combination of conceptual open pit and underground mining
scenarios. 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
Emperor is committed to delivering a new Mineral Resource
Estimate in Q1 of 2025.
Figure 1:
Location of DQ24-04 to 09 DDH.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8461/233296_524f355784125945_002full.jpg
Drillhole Discussion:
DQ24-04 to 09
The 2024 drilling continues to validate low-grade bulk-tonnage and high-grade mineralization.
The
results of three strategies are reported in this Press Release.
1
.
Continue to add incremental ounces to the Conceptual Open Pit (DQ24-04);
2
.
Explore the potential to coalesce the Conceptual Satellite Pits east of the Deposit; and.
3
.
Expand the High-Grade Nip Zone (DQ24-05).
Emperor was pleased to see Drillhole DQ24-05 intersecting 2.5 m of 10.27 g/t Au associated with a
breccia zone within the mafic volcanic rocks.
This is beneath the Nip Zone that carries impressive
historical intercepts of 2.5 m of 51.9 g/t Au and 16.0 m of 6.1 g/t Au, demonstrating the expansion
capabilities of this zone and the robust, well-endowed mineralization along its 2.8 km strike length to
date.
Drill holes DQ24-5 to DQ24-9 were designed to explore the eastern extension along the strike of the
current open-pit model. Mineralization is hosted within and adjacent to previously unsampled Quartz
Feldspar Porphyries. These zones, which were previously overlooked, continue to potentially increase
future inferred ounces. Additional drilling is necessary to fully define its geological extent and mineralized
boundaries (Figure 1).
Particularly impressive was DQ24-08, which intersected 21.5 meters of 0.6 g/t gold, within a broader
interval of 55.2 m of 0.3 g/t Au.
This occurs within a zone of interlayered mafic volcanic and quartz-
feldspar porphyries in an area that may increase resources with additional drilling.
These findings are expected to significantly contribute to the upcoming mineral resource estimate. A
total of 25% of the assays for the 2024 season has been reported so far.
By focusing on near-surface
drilling for open-pit mining, Emperor aims to economically expand its resource base at lower grades
compared to underground mining by targeting near-surface drilling.
Deposits in the region with currently active open pits have been economic at grades equal 0.30 g/t Au
(
see Agnico Eagles press release dated Feb 15, 2024 - Detour Lake Deposit cut-off grade, pg. 52.
)
Emperor plans to deliver mineral resource update scheduled for Q1 of 2025.
Strategic Plan
The 2024 drilling campaign at Emperor's Duquesne West Gold Project in Quebec continues to identify
extensive low-grade bulk tonnage zones surrounding the previously known high grade areas. These
latest results further solidify the project's immense potential and underscore the company's commitment
to unlocking substantial value for its shareholders.
The 2024 season leverages advanced exploration techniques to test several scenarios to add ounces
and/or expand the footprint:
1
.
Explore Lower Grade Discoveries: Target additional discoveries within the host rock containing
high-grade gold lenses, focusing on the conceptual open-pit model.
2
.
Increase the Thickness of the High-Grade Lenses: Incorporate previously unaccounted lower-
grade gold from the margins of high-grade lenses to enhance their overall thickness.
3
.
Expand Mineralized Zones: Extend the lateral footprint of mineralized zones along strike and dip.
4
.
Discover New Zones: Explore potential new zones not yet included in the Conceptual Open Pit
Model, with a particular focus on eastward expansion.
These latest results continue to build on the strong momentum generated by last year's drilling program
and confirm the presences of extensive low grade bulk tonnage zones surrounding the known high-grade
regions.
Table 1 - Intercept Highlights-
Host Structures are interpreted to be steeply dipping and true widths
are generally estimated to 90%.
Hole No.
From (m)
To (m)
Interval (m)
Au (g/t Au)
DQ24-04
1
43.8
44.8
1
0.46
44.8
45.8
1
0.4
45.8
47
1.2
0.13
47
48
1
0.16
Wt. Avg.
4.2
0.3
DQ24-04
1
117
118
1
2.75
118
119
1
0.28
119
120
1
0.6
120
121
1
0.58
121
122
1
0.43
122
123
1
0.14
123
124
1
0.15
124
125
1
0.84
125
126
1
0.05
126
127
1
0.18
127
128
1
0.41
128
129
1
0.1
129
130
1
0.17
130
131
1
0.12
131
132
1
0.54
132
133
1
0.46
133
134
1
1.04
Wt. Avg.
17
0.5
Including: (117-125m)
8
0.72
DQ24-05
1
222.4
223.4
1
0.23
223.4
224.4
1
0.87
224.4
225.7
1.3
0.43
Wt. Avg.
3.3
0.5
DQ24-05
1
300.5
301.5
1
0.17
301.5
302.5
1
0.42
302.5
303.5
1
0.36
303.5
304.5
1
0.34
304.5
306
1.5
0.29
Wt. Avg.
5.5
0.3
DQ24-05
1
436.6
439.1
2.5
10.27
Wt. Avg.
2.5
10.27
DQ24-06
1
137.8
139.5
1.7
0.37
139.5
141.2
1.7
0.34
Wt. Avg.
3.4
0.4
DQ24-06
1
309.7
310.7
1
0.21
310.7
311.7
1
0.59
311.7
312.7
1
0.65
Wt. Avg.
3
0.5
DQ24-06
1
413.3
415.8
2.5
1.5
Wt. Avg.
2.5
1.5
DQ24-07
1
4.5
6.3
1.8
0.18
6.3
7.3
1
0.16
7.3
8.3
1
0.22
8.3
9.3
1
0.12
9.3
10.3
1
0.11
10.3
11.6
1.3
0.08
11.6
12.6
1
0.09
12.6
13.6
1
0.12
13.6
14.6
1
0.22
14.6
15.6
1
0.2
15.6
16.6
1
0.19
16.6
17.6
1
0.17
17.6
18.6
1
0.28
18.6
19.6
1
0.35
Wt. Avg.
15.1
0.2
DQ24-08
1
38.4
39.4
1
0.31
39.4
40.4
1
0.33
40.4
41.9
1.5
0.19
41.9
43.2
1.3
0.38
43.2
45.7
2.5
0.28
Wt. Avg.
7.3
0.3
DQ24-08
1
63.7
64.7
1
0.35
64.7
65.7
1
0.54
65.7
66.7
1
0.72
66.7
67.7
1
0.85
67.7
68.7
1
0.02
Note
2
68.7
69.7
1
0.005
Note
2
69.7
70.7
1
0.005
Note
2
70.7
71.7
1
0.005
71.7
72.7
1
0.02
72.7
74.2
1.5
0.09
74.2
75.4
1.2
0.66
75.4
76.5
1.1
1.22
76.5
78.6
2.1
0.09
78.6
80.1
1.5
1.68
80.1
81.6
1.5
0.25
81.6
82.6
1
0.77
82.6
83.6
1
1.96
83.6
85.2
1.6
0.86
85.2
87.7
2.5
0.06
87.7
90
2.3
0.15
Note
2
90
92.5
2.5
0.005
92.5
95
2.5
0.03
Note
2
95
97.5
2.5
0.005
97.5
100
2.5
0.02
Note
2
100
101.8
1.8
0.005
Note
2
101.8
103.6
1.8
0.005
103.6
105.2
1.6
0.08
105.2
107.7
2.5
0.67
107.7
110.2
2.5
0.22
110.2
112.7
2.5
0.47
112.7
114.3
1.6
0.34
114.3
115.9
1.6
0.16
115.9
116.9
1
0.21
116.9
117.9
1
0.02
117.9
118.9
1
0.29
Wt. Avg.
55.2
0.3
Including: (63.7-85.2m)
21.5
0.6
Including: (74.2-85.2m)
11
0.85
DQ24-08
1
148
149
1
0.16
149
150
1
0.4
150
151
1
0.24
151
152
1
0.14
152
153
1
0.06
153
154.15
1.15
0.08
154.15
155.65
1.5
0.89
155.65
157.1
1.45
0.25
157.1
158.7
1.6
0.02
158.7
160.35
1.65
0.23
Wt. Avg.
12.35
0.3
DQ24-09
1
5.5
6.5
1
0.28
6.5
7.5
1
0.61
7.5
8.5
1
0.11
8.5
9.5
1
0.11
Wt. Avg.
4
0.3
DQ24-09
1
335.5
338
2.5
0.34
338
340.5
2.5
0.13
340.5
343
2.5
0.11
343
344.3
1.3
0.07
344.3
345.7
1.4
0.76
Wt. Avg.
10.2
0.3
DQ24-09
1
353.2
355.7
2.5
0.17
355.7
358.2
2.5
0.19
358.2
360.7
2.5
0.18
360.7
363.2
2.5
0.65
Wt. Avg.
10
0.3
1
Host Structures are interpreted to be steeply dipping and true widths are generally estimated to 90%
2
Value reported below detection limit of <0.01. Value was numerically halved to assign a real number.
Quality Assurance and Control
The Quality Assurance and Quality Control (QAQC) was conducted by Technominex, a geological
contractor hired by Emperor Metals, which adheres to CIM Best Practices Guidelines for exploration
related activities conducted at its facility in Rouyn Noranda, Quebec. The QA/QC procedures are
overseen by a Qualified Person on site.
Emperor Metals QA/QC protocols are maintained through the insertion of certified reference material
(standards), blanks and lab duplicates within the sample stream totaling approximately one QA/QC
sample per 7 samples. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags
with appropriate tags and shipped to the SGS Sudbury laboratory and the other half retained on site in
the original core box. A dispatch list consists of 88 or 176 samples along with their corresponding
QA/QC samples for a single batch. This allows complete batches (88 samples) for fire assay. A file for
sample tracking records tags used and weights of sample bags shipped to the SGS Lakefield.
Shipment is done by Manitoulin Transport and coordination by Technominex staff in Rouyn-Noranda
The third-party laboratory, SGS prep laboratory in Sudbury Ontario, processes the shipment of samples
using standard sample preparation (code PRP91) and produces pulps from the specified samples. The
pulps are then sent off to SGS Burnaby for analysis. Chain of custody is maintained from the drill to the
submittal into the laboratory preparation facility all the way to analysis at the SGS Burnaby B.C.
laboratory.
Analytical testing is performed by SGS laboratories in Burnaby, British Columbia. The entire sample is
crushed to 75% passing 2mm, with a split of 500g pulverized to 85% passing 75 microns. Samples are
then analyzed using Au - ore grade 50g Fire Assay, ICP-AES with reporting limits of 0.01 -100 part per
million (ppm). High grade gold analysis based on the presence of visible gold or a fire assay result
exceeding 100 ppm, are analyzed by Au - metallic screening, 1kg screened to 106μm, 50g fire assay,
gravimetric, AAS or ICP-AES of entire plus fraction and duplicate analysis of minus fraction. Reporting
limit 0.01ppm.
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, Quebec, Canada. 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 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 Oct. 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 Canadian Institute of Mining and
Metallurgy (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.
A reinterpretation of the existing geological model was created using AI 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.
Multiple scenarios exist to expand additional resources which include:
1
.
Underground High-Grade Gold.
2
.
Open Pit Bulk Tonnage Gold.
3
.
Underground Bulk Tonnage Gold.
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 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.sedarplus.ca
), 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.
Contact:
John Florek
President/CEO
(807) 228-3531
Alex Horsley
Director
(778) 323-3058
www.emperormetals.com
The Canadian Securities Exchange has not approved nor disapproved the content of this press release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein may constitute "forward-looking information"
and "forward-looking statements" within the meaning of applicable Canadian and United States
securities legislation. These statements and information are based on facts currently available to the
company and there is no assurance that the actual results will meet management's expectations.
Forward-looking statements and information may be identified by such terms as "anticipates,"
"believes," "targets," "estimates," "plans," "expects," "may," "will," "could" or "would."
Forward-looking statements and information contained herein are based on certain factors and
assumptions regarding, among other things, the estimation of mineral resources and reserves, the
realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount
of future exploration and development, capital and operating costs, the availability of financing, the
receipt of regulatory approvals, environmental risks, title disputes and other matters. While the company
considers its assumptions to be reasonable as of the date hereof, forward-looking statements and
information are not guarantees of future performance and readers should not place undue importance on
such statements as actual events and results may differ materially from those described herein. The
company does not undertake to update any forward-looking statements or information except as may be
required by applicable securities laws.
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