Empire Metals Share Discussion Threads

[bmnsa] 04/10/2020 19:00

saracen
You are correct

The Eclipse gold mine has had a number of owners since 1902. By 1910 the shaft was sunk to its current depth of 78 metres. The production during this period was 954 tonnes @ 24.6 g/t Au for 754.25 oz Au (source: GSWA Mindex database) and in the 1990s the shaft was refurbished to the bottom level and the collar of the shaft was re-established with concrete.

Prospecting has occurred intermittently on the licence. In the early 1990s drilling was conducted targeting extensions of the Eclipse mine. A further two RC holes were drilled in 1997 targeting the Steinhobel workings (situated ~330m to the northwest of the Eclipse shaft) and in 2004 another phase of RC drilling was conducted infilling and extending upon previous drilling.

A series of soil sampling programmes were undertaken in the early 1990s with additional samples collected from the western edge of the licence in 2004. At various times rock chips taken from both surface and underground exposures have been collected and assayed. The rock chip sampling is not comprehensive and often wide-spaced reflecting the rare exposures and outcrop.

Free gold contained within quartz is reported from old workings in the east of the licence area, and there are also unverified accounts of nuggets reported to have been found along strike between the Eclipse shaft and Jack’s Dream.

Recent drilling (2014) has identified high-grade mineralisation all within a 30-metre zone either side of the main Eclipse shaft – highlights include:

GD008: 7m @ 13.07 g/t Au from 34 metres
GD014: 12m @ 5.13 g/t Au from 39 metres
ERC03: 8m @ 3.11 g/t Au from 66 metres
ERC019: 6m @ 3.92 g/t Au from 87 metres

[bmnsa] 04/10/2020 18:53

All of it? and how deep!

[saracen3] 04/10/2020 18:49

Last drilled 2014

[bmnsa] 04/10/2020 18:30

He rates the team and the lease very very highly. Not been explored since the 1980'sAnd thinks EEE will be on to something there.

[smackeraim] 04/10/2020 14:04

Worth a quick listen. 11 minutes in. I know it's Lenigas, but he did his mining degree in Kalgoorlie and went prospecting at Eclipse.

[shares188] 04/10/2020 13:44

5p on Anticipation 😉

[iloveit] 04/10/2020 09:43

Artemis price is the one to watch and yes 8am Monday morning EEE could multibag on news.

[seanlander] 04/10/2020 08:41

Can't wait for Monday morning!! This is sitting on the launch pad and it did all the checks last week on its boosters! 5p here we come!This could be one small step in exploration, one giant leap in share price. Enjoy the launch! Glah

[apfindley] 03/10/2020 16:38

Well drilling is supposedly underway.As it progresses and with positive results you should get you 80% back which would be 5x and around £35m mkt cap. Must be tempting to average down if you believe in the company and importantly the license locations.

[napoleon 14th] 03/10/2020 15:40

Charts are all very nice but.....
This needs licensing news, else will fall back.
So get cracking, EEE; I have an 80% loss to make up!

[seanlander] 02/10/2020 16:25

Here we go...LAST ORDERS AT THE BAR!3.4p coming....

[seanlander] 02/10/2020 16:13

4p will be just a blurrrrrt

[seanlander] 02/10/2020 16:11

Wait till next week! 5p +

[iloveit] 02/10/2020 16:10

Eee has stalled at this resistance price just can't get past 4p .Other similar miners have shot up to 25p+ easy .

[seanlander] 02/10/2020 16:10

Nice 250,000 buy!

[seanlander] 02/10/2020 16:01

Blue finish?

[fatgreek] 02/10/2020 15:55

Added a few not showing yet

[napoleon 14th] 02/10/2020 15:22

spursspurs - could we have share price charts in the header please?

[apfindley] 02/10/2020 15:10

Buy or don't buy.The drill results when they arrive, cannot be altered by any discussion board.It will either disappoint on the downside, or surprise and create a greatland gold potential.

[seanlander] 02/10/2020 15:07

Bit late bounce but going in the right direction again!!

[apfindley] 02/10/2020 15:06

Why you concerned??They're drilling.The displayed price is meaningless until results.Unless you're concerned you may get your timing wrong and be unable to buy the dip.

[napoleon 14th] 02/10/2020 14:24

Wrong!
Constant buying of late.
Someone finally caved in & slipped the brown envelope to the right office(s)?
About time something happened here. If we get progress, these will look cheap @3.5p.

Charting comment, FWIW, from 03:10 here:
hxxps://www.share-talk.com/share-talk-bulletin-board-heroes-thursday-1st-october-2020/#gs.hoamnj

[bspgamer] 02/10/2020 13:18

If it drops below 3p and finishes there, I would be a little more concerned

[bspgamer] 02/10/2020 13:17

It's healthy for it retrace and test previous resistance. Look at the previous chart nice and slowly. Catcha monkey!!