Empire Metals Share Discussion Threads

[bspgamer] 29/10/2020 11:25

It was 1oz per ton 14 tons = to 14oz

[on target] 29/10/2020 11:23

1oz per ton would be 31.1g/t

[apfindley] 29/10/2020 11:20

Edited..

1oz per tonne
Thats around 31g/t
Nice.

[sea7] 29/10/2020 10:29

also interesting... from trove dated 1914

The Minister of mines (Sir Richard Butler) has received from; Mr.' E. L. Grundy (general managing of State Batteries} a report that 14 tons of stone from the Eclipse Mine near Forest Range; returned l.oz. of gold per ton.

[saracen3] 29/10/2020 10:00

more drilling news likely in next few days.

[drh3] 29/10/2020 09:22

Interesting for historical reasons....If it all comes good it would look nice as a picture in the office :)
hxxps://nla.gov.au/nla.obj-1515744973/view

[darrindusty] 28/10/2020 19:54

Big cheese Kunz knows his stuff

[apfindley] 28/10/2020 17:05

Exactly..Huge level of infrastructure and support services in the area of kalgoorlie as well as many other producers.

[geko5trade] 28/10/2020 16:44

Not just about the grades though. Have to look at the whole package from extraction through processing. So far this stacks up very well.

[apfindley] 28/10/2020 16:09

No. These are quite good grades. At 2.57g/t and 4.98g/tIf you want to see junk grades then look at GWMO....they last reported 0.23g/t and 0.1g/t in their nevada asset.

[qs99] 28/10/2020 16:00

Agreed C&C, the newsflow should be good over next month or so, whether results are, let's see, but plenty to stimulate the shares, hopefully Northwards!!

DYOR

[cashandcard] 28/10/2020 15:00

tidy2,


Its all relative. Newmonts involvement there does not have any bearing to EEE's project in Kalgoorlie. Its a major project for a company of its size. Keep in mind, majors have all sorts of metrics and risk profile as to why they get involved - including sometimes walking away like Newmont did at Haveiron a few years ago.

A project with the potential for good grades, maybe not the bonanza grades you refer to, is transformational for a small player like this. That's what Eclipse offers - more drilling is ongoing so there should be a stream of news over the next few days/weeks - as Mike Struthers alluded to in his update. Further reporting on Assays when they are ready.

Unfortunate few got mugged this morning.


Cash

[qs99] 28/10/2020 13:41

Smackeraim, thanks that is useful info....good first update of many IMO DYOR

[bmnsa] 28/10/2020 13:27

Today -
Mike Struthers, CEO, said: "These first results from the RC programme are encouraging.

The drill programme at the Eclipse deposit itself is now nearing completion and we look forward to publishing further assay results and geological details as they become available.
It will also be very (VERY) interesting to see what we find from the first drilling at the Houdini target, which should commence shortly. I look forward to providing more updates in due course."

Looking extremely (VERY)Interesting for Houdini !!!!

[seanlander] 28/10/2020 13:04

The Super Pit, 30 miles up road has been in operation for decades at lower grades than these initial results, and profitable at far lower gold prices. Been owned by Newmont and Barrick, and now taken over by large Aussie miners in a billion dollar deal. These are decent grades for near surface, much more than decent. Fact check. Production table down page. https://en.m.wikipedia.org/wiki/Super_Pit_gold_mine

[smackeraim] 28/10/2020 13:03

Tidy no need for that bud tbh

[tidy 2] 28/10/2020 13:02

Grades are junk here compared to OMI with 219g/t and 176g/t. Explains why Newmont and Agnico are funding it 100% and paying cash to OMI tho I suppose.

[seanlander] 28/10/2020 13:00

More than holding up!! This will keep rising now. It's been squashed to low this week and with those drill results it will start to gather pace quickly back to 5p!

[apfindley] 28/10/2020 12:35

Holding up quite well really considering what the rest of the market is doing.

[bspgamer] 28/10/2020 11:39

Pump and Dump

[smackeraim] 28/10/2020 11:29

The Super Pit, 30 miles up road has been in operation for decades at lower grades than these initial results, and profitable at far lower gold prices. Been owned by Newmont and Barrick, and now taken over by large Aussie miners in a billion dollar deal. These are decent grades for near surface, much more than decent. Fact check. Production table down page. https://en.m.wikipedia.org/wiki/Super_Pit_gold_mine

[cashandcard] 28/10/2020 11:09

Yes, they have to drill more and test Houdini aswell. The grades off first result look good - they could send ore for processing.


Cash

[saracen3] 28/10/2020 11:05

Expect results every few days

[justtrying1] 28/10/2020 11:03

Fact that results are encouraging says it allThey are not great

[justtrying1] 28/10/2020 11:03

Dnt be fooled by the lenigas pump