Emperor Metals Intersects Near Surface Mineralization; Building Bulk Tonnage Open Pit Potential at Duquesne West Gold Project in Quebec
Emperor Metals Intersects Near Surface
Mineralization; Building Bulk Tonnage Open
Pit Potential at Duquesne West Gold Project in
Quebec
13.2 Metres of 3.8 g/t Au (including 5.6 m of 7.5 g/t Au)
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2023) - Emperor Metals Inc. (CSE: AUOZ)
(OTC Pink: EMAUF) (FSE: 9NH) ("
Emperor
") is pleased to announce additional assay results from the
summer 2023 drilling campaign at the Duquesne West Gold Project.
A total of 14 diamond drillholes has
been completed which represents
8,579
metres
.
Highlights
DQ23-09 intersects 13.2 metres (m) of 3.8 grams per tonne (g/t) gold (Au), including 5.6 m
of 7.5 g/t Au in DQ23-09
Drilling confirms Phase 1 open-pit potential
DQ23-09; 5.6 m of 7.5 g/t Au exceeds the average grade of the deposit
DQ23-06 intersected 5.2 meters of 2.1 g/t Au (including 1.2 m of 6.1 g/t Au)
DQ23-06 expands mineralization down plunge over ½ kilometer from any known
drillholes, implies additional inferred ounce potential
CEO John Florek commented:
"With the recent development of identifying the open pit potential on the property, holes
DQ23-09 to
14
targeted the strategic vision to expand the Phase 1 open pit potential.
DQ23-09 confirms that these
high-grade lenses seen at depth are expressed at surface and could make very attractive stockpiles
for delivery to nearby mills.
"Only an estimated 30% of the core from historical drilling was sampled at surface by previous
operators who did not examine the additional lower-grade bulk tonnage material crucial to lowering the
stripping ratio.
As a result of recent work to locate and sample this material in the historical core
library, more than 3,000 meters of additional sampling will be sent out for assays; sampling of
historical core is ongoing.
"The intercept at
DQ23-06
is very significant, since it expands the mineralization by an additional 0.55
km along strike and plunge, in an area of virtually no drilling.
This area has potential to add significant
ounces to this deposit.
"Our vision to develop a multimillion-ounce deposit with multiple mining scenarios on the property
continues to progress.
The proximity to multiple mills and infrastructure in a Tier 1 mining district
makes this project highly valuable compared to any competitors."
Summary of Drill Results:
DQ23-06 intersection (
5.2 m of 2.1 g/t Au
) was designed to extend mineralization +500 meters
eastward along strike and down plunge of high-grade mineralization.
It intersected mineralization
predicted by the model, which will help to potentially increase the grade and add ounces laterally to the
mineralized stopes model (
Table 1, Image 1
).
DQ23-09 intersection (
13.2 Metres of 3.8 g/t Au
(including 5.6 m of 7.5 g/t Au)
) was designed to
intersect near-surface mineralization to begin the strategic drilling of development of a potential area of
development for a Phase 1 open pit (
Image 2
).
These partial results and the drill core visuals from our 2023 campaign suggest resource expansion
within and outside the open pit concept.
The open pit concept in
Image 1
shows an ultimate pit with a depth extent to 400 meters; the footprint is
1.8 km by 0.8 km.
Initial exploration will strategically focus on the area of the phase 1 pit design.
This will
allow us to determine the potential economics as we progress through the phases having the necessary
assay results for resource evaluation and eventually for economic evaluations.
Currently, Emperor is
sampling near-surface core from the historical core library that was not assayed by previous explorers.
Up to 70% of this core has not been assayed.
So far, over 3,000 meters have been sampled and will be
sent to the laboratory for analysis (
Image 3
).
Partial assays for these reported drillhole results continue to increase confidence to consider an open pit
potential to the Duquesne West deposit.
Full laboratory results for drillholes DQ23-01, 03, 04, 05, and 09
have been received.
DQ23-09 was rushed through the laboratory to advance our understanding related
to near surface mineralization.
Approximately 65% of the assays have been returned from the laboratory,
Emperor is still awaiting additional assays results.
A total of 14 diamond drillholes were completed this
summer on this property.
Samples were sent to SGS Laboratories in Lakefield, ON.
Hole No.
From (m)
To (m)
Interval (m)
Au (g/t Au)
1
DQ23-06
1032
1034
2
1.16
1034
1035
1
0.33
1035
1036
1
0.15
1036
1036.6
0.6
1.42
1036.6
1037.15
0.55
12.67
Wt. Avg.
5.15
2.06
Including:
1.15
6.80
1
DQ23-09
26
27
1
5.51
27
28
1
6.24
28
29
1
1.37
29
29.8
0.8
19.52
29.8
30.6
0.8
0.04
30.6
31.6
1
13.46
31.6
32.6
1
0.01
32.6
33.6
1
0.005
33.6
34.6
1
0.2
34.6
35.6
1
5.45
35.6
36.1
0.5
0.01
36.1
37.1
1
0.05
37.1
38.25
1.15
0.05
38.25
39.2
0.95
1.51
Wt. Avg.
13.2
3.75
Including:
5.6
7.54
1
Host Structures are interpreted to be steeply dipping and true widths are generally estimated to be 80 to 90%.
Image 1:
Figure showing DQ23-06 intercept-expanding ounces +550 meters along strike and plunge of
deposit.
This intercept should continue building mineable stopes along this trend.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8461/189569_f7600bcc34ad484d_001full.jpg
Image 2:
Representation of mineralized and altered core from DQ23-09 (5.6 m of
7.5 g/t Au). Altered
breccia zone in mafic volcanics; containing quartz veinlets, sericite, and ankerite.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8461/189569_emperorfigure2.jpg
Image 3:
Historical Core Library.
Over 3,000 meters have been sampled related to the Phase 1 Open
Pit Concept. Sampling continues.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8461/189569_f7600bcc34ad484d_003full.jpg
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 Lakefield 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 Lakefield 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. 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. 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 Artificial Intelligence (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.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.
For further information, please contact:
Mr. Alex Horsley, Director
Phone:
778-323-3058
Email:
Website:
www.emperormetals.com
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CONTENT OF THIS PRESS RELEASE
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