Empire Metals Share Discussion Threads

[guns1inger] 25/10/2022 12:57

I think we will be gunning for 1.5p before 2.30pm

[guns1inger] 25/10/2022 12:55

At 1.5p we will worth £6.1m, with £2.5m in cash and a massive potential.

[guns1inger] 25/10/2022 12:53

WE will be gunning for 1.5p before close, IIs eagle eyes are the ones loading up in chunks.

[af004] 25/10/2022 12:48

Excellent News.

[saracen3] 25/10/2022 12:43

The prospect is potentially big enough to attract a major.

Hoping for a JV with BHP.

[saracen3] 25/10/2022 12:37

From Co website Pitfield

he Pitfield Project is comprised of a granted Exploration Licence and an Exploration Licence Application covering 615 sq km. The project is located near Three Springs, 313km from Perth, Western Australia. It lies in a unique location along the boundary of Western Yilgarn province, where a major craton-scale structure internal to Southwest Gneiss province intersects and offsets the Yilgarn margin and controls the position of the Neoproterozoic Yandanooka basin, the only example of this globally important copper prospective age adjacent to the Western Yilgarn craton.

Geology
The Project is in a uniquely advantageous location. The Neoproterozoic is a globally important copper mineralisation era, which includes the copper belt of southern Africa and the highly mineralised Paterson province in the north of Western Australia, host to major Cu or Cu-Au deposits. The emerging Calingiri copper deposits held by Caravel Minerals Ltd are also localised along this major structure to the south, and the well-known long-life Three Springs talc mine lies adjacent to the east of Pitfield.

Pitfield covers much of the highly prospective Neoproterozoic Yandanooka Group sediments consisting of sandstone, siltstone and polymictic conglomerate with andesite to trachyte clasts. A rib of the Mesoproterozoic Mullingarra Gneiss is exposed close to the western margin of the project area.

Pitfield is located along strike from the historic Baxters copper mine at Arrino which produced 106 tonnes of copper at a grade between 20-30% Cu which, along with numerous other prospects, demonstrates that the copper mineralisation process has occurred in the Pitfield area.

Historical Activities
Geochemical sampling has confirmed that a previously identified magnetic anomaly associated with alteration including magnetite/ hematite, epidote replacement and fractures and carbonate-quartz veinlets is host to extensive copper anomalism, extending south from Baxters and with greater than 150ppm Cu in soils identified over a strike length of 7km. The anomaly remains open to the south and east including over 10km of this high-intensity magnetic feature within the project which is yet to be explored. Limited exploration has been undertaken within the project outside a 5km radius from the Baxters mine.

Pitfield has favourable geology and has therefore attracted major mining companies that have historically carried out extensive preliminary exploration activities in the area. In 1966, surface geochemistry was completed and 10 diamond holes were drilled which intersected strongly anomalous copper outside of the project’s licence. By the 1980’s, strongly anomalous copper in several holes were returned from shallow RAB and 4 diamond holes, including DH3a collared on the Pitfield tenement and returned numerous values above 500ppm Cu, up to 1280 ppm Cu. The similarities between he Yandanooka basin and African copper belt sequences were then identified in 1984. Exploration in 1993 recorded copper anomalism with a maximum value of 570ppm from 4m chip samples of drillcore on the southern hole at Pitfield.

Planned Work
Empire plans to collect relevant geophysical datasets, including high-resolution aeromagnetics and airborne electromagnetics to help map the sedimentary succession and identify anomalous conductive zones than may relate to copper-bearing alteration systems. The geophysics from this will help guide future exploration activities.

AUSTRALIA: ECLIPSE-GINDALBIE PROJECT AREA
AUSTRALIA: CENTURY COPPER-GOLD PROJECTS
AUSTRIA: THE ROTGULDEN, SCHONBERG AND WALCHEN PROSPECT
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London W1B 4DE
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© 2022 Empire Metals

[givmesunshine] 25/10/2022 12:37

Market cap only 5.3m and they still have £2.15 million cash in to bank

[tomboyb] 25/10/2022 12:36

2p placing price -

[sugar747] 25/10/2022 12:32

On the runway folks.

[sugar747] 25/10/2022 12:26

Tomorrow's volume could be the biggest we break out today, FOMO.

[sugar747] 25/10/2022 12:25

I believe it Should take off in the afternoon, not some crazy rally, better to be sustained

[sipptrader88] 25/10/2022 12:23

17 X average daily trading here.....and still half a day to go!

[turbotrader2] 25/10/2022 12:19

Anyone seen Liam? Lol

[super duper] 25/10/2022 12:14

I am in, guys, most probably will go faster now; it's breaking on magnificent volume and significant transformation news.

[z1co] 25/10/2022 12:11

Volume is over 50 million and it's only mid day.

[givmesunshine] 25/10/2022 12:10

They've Got plenty of cash .. got to look at the base level value here.. room for upside is huge

[yosemite sam666] 25/10/2022 12:09

If we are lucky we could bag+ running the close. Very small cap, cash in cash, and big news.

[bob1995] 25/10/2022 12:07

See this hitting 40 million mcap easy on this news. Now at 5 Million.

[supercity] 25/10/2022 12:04

Post 287 - half way there

[yosemite sam666] 25/10/2022 12:00

a sudden surge of volume to break it out, I suspect.

[yosemite sam666] 25/10/2022 12:00

yes it has £2.5m, worth 0.5p cash

[bspgamer] 25/10/2022 11:58

2.5 million in bank as of sept so shut up

[saracen3] 25/10/2022 11:58

14% of the company traded in 4 hours.

Who would want to sell ??

[iceagefarmer] 25/10/2022 11:57

placing needed..i'd wait to buy in