Empire Metals Share Discussion Threads

[barony] 05/10/2020 10:22

Progress, rig on standby and staff movement is supposed to ease at month end.

[seanlander] 05/10/2020 09:57

Get in quick before it goes stratospheric!

[fatgreek] 05/10/2020 09:45

Bought two more tranches taking advantage of todays small drop. Not showing yet.Slight delay to be expected with a mini boom and covid but nothing changes, things have just got better.2 new targets identified in the RNSWill keep accumulating on any weakness

[seanlander] 05/10/2020 09:22

They have the rig lined up. Mike (ceo) said a slight delay because it's hard to get the rig and drillers on site as there's a mini boom going on locally in exploration! He has confirmed they have secured the drilling rig now and drilling should be underway over the next few weeks. It's all shallow too so we should get results back in November if all goes to plan. An eclipse comes by from time to time and you just have to enjoy it! Sit back and hold for good!

[juju44] 05/10/2020 09:19

Paying the price for the drilling delay which now does not have a fixed date

[apfindley] 05/10/2020 09:17

I cant see the delay being too long. Maximum of a 2 week cross-state quarantine period surely?Also these shallow rc land rigs dont require much manning.

[seanlander] 05/10/2020 09:13

Good size buys coming in now!

[seanlander] 05/10/2020 07:44

Eclipse and Artemis both up considerably over night! EEE has positive geochem results in too! Looking like a shiny future ahead!

[qs99] 05/10/2020 07:32

Look at CAPD as it provides rigs!! Big demand means good pricing & utilisation DYOR

[iloveit] 05/10/2020 07:29

Got the rns today slight delay but good news added.Should see 5p I feel today.

[2prsimo] 05/10/2020 07:29

Curate's egg RNS - looks like a chance for a few more cheapies

[edgein] 05/10/2020 07:26

Sean,

Absolutely, short delay is common in miners, the gold isn't going away. Geochem confirms Eclipse and Houdini and as you suggest finds two more, its all good. I just hope the two phase drilling follows each other closely once the crew is onsite.

That is a good interview by DL too on the potential of Eclipse and also the close by infrastructure for ore processing.

Regards,
Ed.

[seanlander] 05/10/2020 07:14

Good results published in today's rns. Slight delay on drilling but a rig has been secured and will commence shortly. Plus two new areas to explore! Exciting times!!

[iloveit] 04/10/2020 22:33

All looking good and if things pan out boom ! If good Rns pops up tomorrow 7-10p very quickly rising through the day.

[saracen3] 04/10/2020 19:29

The grades are 20X other profitable mines

[bmnsa] 04/10/2020 19:13

Overview: 12/8/20

· Acquisition of a controlling interest in a large, high-grade and previously producing mining licence which has been held by one private individual for the past 30 years


and has had only cursory modern exploration applied to a very small part of the entire ~300 hectare licence area

[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.