Emperor Metals Acquires Lac Pelletier Property in Quebec
Emperor Metals (EMAUF) has completed the acquisition of the Lac Pelletier Property in Quebec from Maritime Resources Corp. The property, comprising 25 mining claims and a mining lease covering 558 hectares, is located 4 km southwest of Rouyn-Noranda.
The property features significant existing infrastructure including:
- 105,000 meters of completed drilling
- 3.3 km of underground development
- Historical bulk samples yielding 96.3% recovery (2,950 oz Au recovered @ 4.35 g/t Au)
- Notable drill intercepts of 22.4 m of 7.6 g/t Au and 6.2 m of 24.8 g/t Au
The acquisition terms include issuing 12,500,000 common shares to Maritime, subject to a hold period until July 12, 2025. The property carries a 1% net smelter returns royalty to Metalla Royalty & Streaming Prior infrastructure and drilling investments are estimated at +$70 Million in today's terms.
Emperor Metals (EMAUF) ha completato l'acquisizione della proprietà Lac Pelletier in Quebec da Maritime Resources Corp. La proprietà, che comprende 25 diritti minerari e un contratto di locazione mineraria che copre 558 ettari, si trova a 4 km a sud-ovest di Rouyn-Noranda.
La proprietà presenta un'infrastruttura esistente significativa, tra cui:
- 105.000 metri di perforazioni completate
- 3,3 km di sviluppo sotterraneo
- Campioni storici di massa con un recupero del 96,3% (2.950 oz di Au recuperate a 4,35 g/t Au)
- Intercettazioni di perforazione notevoli di 22,4 m a 7,6 g/t Au e 6,2 m a 24,8 g/t Au
I termini dell'acquisizione prevedono l'emissione di 12.500.000 azioni ordinarie a Maritime, soggette a un periodo di blocco fino al 12 luglio 2025. La proprietà è gravata da una royalty sulle entrate nette di fusione dell'1% a favore di Metalla Royalty & Streaming. Gli investimenti precedenti in infrastrutture e perforazioni sono stimati in oltre 70 milioni di dollari ai valori attuali.
Emperor Metals (EMAUF) ha completado la adquisición de la propiedad Lac Pelletier en Quebec de Maritime Resources Corp. La propiedad, que comprende 25 derechos mineros y un contrato de arrendamiento minero que cubre 558 hectáreas, se encuentra a 4 km al suroeste de Rouyn-Noranda.
La propiedad cuenta con una infraestructura existente significativa que incluye:
- 105,000 metros de perforaciones completadas
- 3.3 km de desarrollo subterráneo
- Muestras históricas a granel con un rendimiento del 96.3% (2,950 oz de Au recuperadas a 4.35 g/t Au)
- Intercepciones de perforación notables de 22.4 m a 7.6 g/t Au y 6.2 m a 24.8 g/t Au
Los términos de la adquisición incluyen la emisión de 12,500,000 acciones comunes a Maritime, sujetas a un período de bloqueo hasta el 12 de julio de 2025. La propiedad tiene una regalía del 1% sobre las ganancias netas de fusión a favor de Metalla Royalty & Streaming. Las inversiones previas en infraestructura y perforaciones se estiman en más de 70 millones de dólares en términos actuales.
엠퍼러 메탈스 (EMAUF)가 마리타임 리소스 코퍼레이션으로부터 퀘벡의 락 펠레티어 부동산을 인수했습니다. 이 부동산은 25개의 광산 청구권과 558헥타르를 포함하는 광산 임대권으로 구성되어 있으며, 루인 노란다에서 남서쪽으로 4km 떨어져 있습니다.
부동산에는 다음과 같은 중요한 기존 인프라가 있습니다:
- 완공된 시추 105,000미터
- 지하 개발 3.3km
- 96.3% 회수율을 기록한 역사적 대량 샘플 (4.35 g/t Au에서 2,950 oz Au 회수)
- 22.4m의 7.6 g/t Au 및 6.2m의 24.8 g/t Au의 주목할 만한 시추 교차점
인수 조건에는 마리타임에 12,500,000주를 발행하는 것이 포함되며, 2025년 7월 12일까지 보유 기간이 적용됩니다. 이 부동산은 메탈라 로열티 & 스트리밍에 1%의 순 제련 수익 로열티를 부과합니다. 이전 인프라 및 시추 투자 비용은 현재 가치 기준으로 7천만 달러 이상으로 추정됩니다.
Emperor Metals (EMAUF) a finalisé l'acquisition de la propriété Lac Pelletier au Québec auprès de Maritime Resources Corp. La propriété, qui comprend 25 droits miniers et un bail minier couvrant 558 hectares, est située à 4 km au sud-ouest de Rouyn-Noranda.
La propriété dispose d'une infrastructure existante significative, comprenant :
- 105 000 mètres de forage réalisés
- 3,3 km de développement souterrain
- Des échantillons historiques en vrac ayant donné un taux de récupération de 96,3 % (2 950 oz d'Au récupérées à 4,35 g/t Au)
- Des intersections de forage notables de 22,4 m à 7,6 g/t Au et de 6,2 m à 24,8 g/t Au
Les conditions de l'acquisition incluent l'émission de 12 500 000 actions ordinaires à Maritime, sous réserve d'une période de blocage jusqu'au 12 juillet 2025. La propriété est soumise à une redevance de 1 % sur les retours de fonderie nette au profit de Metalla Royalty & Streaming. Les investissements antérieurs dans les infrastructures et les forages sont estimés à plus de 70 millions de dollars en valeur actuelle.
Emperor Metals (EMAUF) hat die Übernahme der Lac Pelletier Immobilie in Quebec von Maritime Resources Corp. abgeschlossen. Die Immobilie umfasst 25 Bergbaurechte und einen Bergbaupachtvertrag, der 558 Hektar abdeckt, und liegt 4 km südwestlich von Rouyn-Noranda.
Die Immobilie verfügt über eine bedeutende bestehende Infrastruktur, darunter:
- 105.000 Meter abgeschlossener Bohrungen
- 3,3 km unterirdische Entwicklung
- Historische Bulkproben mit einer Rückgewinnung von 96,3% (2.950 oz Au bei 4,35 g/t Au)
- Bemerkenswerte Bohrabschnitte von 22,4 m mit 7,6 g/t Au und 6,2 m mit 24,8 g/t Au
Die Bedingungen der Übernahme umfassen die Ausgabe von 12.500.000 Stammaktien an Maritime, die bis zum 12. Juli 2025 einer Haltedauer unterliegen. Die Immobilie unterliegt einer 1%igen Net Smelter Returns Royalty zugunsten von Metalla Royalty & Streaming. Frühere Investitionen in Infrastruktur und Bohrungen werden auf über 70 Millionen Dollar in heutigem Wert geschätzt.
- Significant existing infrastructure valued at $70M reduces development costs
- High historical gold recovery rate of 96.3%
- Impressive drill intercepts indicating high-grade potential
- Strategic location near Rouyn-Noranda with excellent infrastructure access
- 3.3 km of pre-existing underground development
- Share dilution from issuance of 12.5M new shares
- 1% NSR royalty obligation impacts future revenue
- No current mineral resource estimate provided
Edmonton, Alberta--(Newsfile Corp. - March 11, 2025) - Emperor Metals Inc. ("Emperor") (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) is pleased to announce that, further to its news releases dated January 7 and 9, 2025, Emperor has completed its acquisition of the undersurface rights and interests in the Lac Pelletier Property, Quebec (the "Acquisition") from Maritime Resources Corp. ("Maritime"). The Lac Pelletier Property comprises 25 mining claims and a mining lease covering a total area of at least 558 hectares and is located approximately 4 km southwest of the city of Rouyn-Noranda, Quebec. The Lac Pelletier Property is located adjacent to and contiguous with Agnico Eagle's advanced exploration project known as their Wasamac Gold Deposit (Measured and Indicated: 2.2 Moz @ 2.43 g/t Au and Inferred: 0.8 Moz Au @ 2.66 g/t Au). These properties share the Wasamac Shear Zone that Agnico Eagle views as good potential to host additional discoveries (Agnico Eagles 2024 Annual Report, Feb 26th, 2025). Emperor cautions readers that these resources do not apply to the Lac Pelletier property, and that there is no guarantee that the Lac Pelletier property will have the same or similar resources as the Wasamac Gold Deposit.
Several key factors make this an attractive acquisition:
- The historical mineral resource is contained in several zones of mineralization.
- 105,000 meters of drilling has been completed (both above ground and underground).
- Over 3.3 km of underground development is in place, including portal, and vent raise with only limited bulk sample mining.
- Two (2) bulk samples (2009-2010) with an average recovery of
96.3% (2,950 oz Au recovered @ 4.35 g/t Au). - Potential for both robust thickness and high-grade resource expansion with diamond drill hole intercepts of 22.4 m of 7.6 g/t Au and 6.2 m of 24.8 g/t Au.
- Very close to infrastructure in area; within the Rouyn municipal limits.
- Potential pre-production scenario for Emperor Metals.
- Estimated +
$70 Million dollars in prior expenditures on infrastructure and drilling on site (today's terms). - Significant potential to expand gold resources.
The Lac Pelletier Property is subject to a one percent (
For further details regarding the Lac Pelletier Property, please refer to Emperor's press releases of January 7 and 9, 2025, which are available on SEDAR+ (www.sedarplus.ca) as well as Emperor's website (www.emperormetals.com).
Pursuant to the Property Purchase Agreement, Emperor has issued to Maritime a total of 12,500,000 common shares in the capital of Emperor. All securities issued are subject to a hold period expiring on July 12, 2025. No finder's fee was paid in connection with the Acquisition.
QP Disclosure
The technical content in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person pursuant to CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and an employee and officer of Emperor.
About Emperor Metals Inc.
Emperor Metals Inc. is a high-grade gold exploration and development junior mining company focused on Quebec's Southern Abitibi Greenstone Belt, and leveraging AI-driven exploration techniques. Emperor is dedicated to unlocking the substantial resource potential of the Duquesne West Gold Project and the Lac Pelletier Project (currently under purchase agreement) both situated in this Tier 1 mining district.
Emperor is led by a dynamic group of resource sector professionals who have a strong record of success in evaluating and advancing mining projects from exploration through to production, attracting capital and overcoming adversity to deliver exceptional shareholder value. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Emperor'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.
Contact:
John Florek, President/CEO
T: (807) 228-3531
E: johnf@emperormetals.com
Alex Horsley, Director
T: (778) 323-3058
E: alexh@emperormetals.com
Website: www.emperormetals.com
The Canadian Securities Exchange has not approved nor disapproved the content of this press release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Emperor and there is no assurance that the actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates," "believes," "targets," "estimates," "plans," "expects," "may," "will," "could" or "would."
Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While Emperor considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. Emperor does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244240
FAQ
What are the key assets included in Emperor Metals' (EMAUF) Lac Pelletier acquisition?
What were the historical gold recovery rates at Emperor Metals' (EMAUF) Lac Pelletier property?
How many shares did Emperor Metals (EMAUF) issue for the Lac Pelletier acquisition?
What are the best historical drill intercepts at Emperor Metals' (EMAUF) Lac Pelletier property?
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