Emperor Metals Renews Option on Duquesne West Gold Project
Emperor Metals (CSE: AUOZ, OTCQB: EMAUF) has renewed its option on the Duquesne West gold property in Quebec by making a $500,000 cash payment and issuing 3,671,569 common shares (valued at $300,000) to Duparquet Assets The company completed a significant 19-hole drilling campaign in 2024, totaling 8,166 meters, and collected 7,994 meters of historical core.
The project focuses on developing a near-surface, lower-grade open-pit gold deposit rather than an underground higher-grade mine. The property, located along the Porcupine-Destor Fault near Duparquet, Quebec, has a historical inferred resource of 4.17 million tonnes grading 5.42 g/t Au (cut) or 6.36 g/t Au (uncut) according to a 2011 technical report. Recent drilling results have shown visible gold within lower-grade zones, potentially impacting grade and total ounces in the open-pit environment.
Emperor Metals (CSE: AUOZ, OTCQB: EMAUF) ha rinnovato la sua opzione sul proprietà aurifera Duquesne West in Quebec effettuando un pagamento in contanti di 500.000 dollari e emettendo 3.671.569 azioni ordinarie (valutate a 300.000 dollari) a Duparquet Assets. L'azienda ha completato una significativa campagna di perforazione di 19 pozzi nel 2024, per un totale di 8.166 metri, e ha raccolto 7.994 metri di nucleo storico.
Il progetto si concentra sullo sviluppo di un deposito aurifero a cielo aperto, a bassa legge e vicino alla superficie, piuttosto che di una miniera sotterranea ad alta legge. La proprietà, situata lungo il Faglia Porcupine-Destor vicino a Duparquet, Quebec, ha una risorsa storica inferita di 4,17 milioni di tonnellate con un grado di 5,42 g/t Au (tagliato) o 6,36 g/t Au (non tagliato) secondo un rapporto tecnico del 2011. I recenti risultati di perforazione hanno mostrato oro visibile all'interno di zone a bassa legge, potenzialmente influenzando il grado e le once totali nell'ambiente a cielo aperto.
Emperor Metals (CSE: AUOZ, OTCQB: EMAUF) ha renovado su opción sobre la propiedad aurífera Duquesne West en Quebec haciendo un pago en efectivo de 500.000 dólares y emitiendo 3.671.569 acciones ordinarias (valoradas en 300.000 dólares) a Duparquet Assets. La compañía completó una significativa campaña de perforación de 19 agujeros en 2024, totalizando 8.166 metros, y recolectó 7.994 metros de testigos históricos.
El proyecto se centra en desarrollar un depósito de oro a cielo abierto de menor grado y cercano a la superficie, en lugar de una mina subterránea de mayor grado. La propiedad, ubicada a lo largo de la falla Porcupine-Destor cerca de Duparquet, Quebec, tiene un recurso inferido histórico de 4,17 millones de toneladas con una ley de 5,42 g/t Au (cortado) o 6,36 g/t Au (sin cortar) según un informe técnico de 2011. Los recientes resultados de perforación han mostrado oro visible dentro de zonas de menor grado, lo que podría afectar la ley y las onzas totales en el ambiente a cielo abierto.
엠페러 메탈스 (CSE: AUOZ, OTCQB: EMAUF)는 50만 달러 현금 지불 및 30만 달러 상당의 보통주 3,671,569주를 두파르켓 자산에 발행하여 퀘벡의 뒤퀘스네 웨스트 금 자산에 대한 옵션을 갱신했습니다. 회사는 2024년에 총 8,166미터를 포함하는 19홀의 중요한 시추 캠페인을 완료하고 7,994미터의 역사적 코어를 수집했습니다.
이 프로젝트는 지하 고품위 광산이 아닌 시추가 가까운 저품위 노천 금 매장지를 개발하는 데 중점을 두고 있습니다. 이 자산은 퀘벡 두파르켓 근처의 포키핀-데스토르 단층을 따라 위치하고 있으며, 2011년 기술 보고서에 따르면 5.42 g/t Au(컷) 또는 6.36 g/t Au(논컷)로 가정된 417만 톤의 역사적 추정 자원을 보유하고 있습니다. 최근의 시추 결과는 저품위 구역 내에서 가시적인 금을 보여주었으며, 이는 노천 환경에서의 품위와 총 온스에 영향을 미칠 수 있습니다.
Emperor Metals (CSE: AUOZ, OTCQB: EMAUF) a renouvelé son option sur la propriété aurifère Duquesne West au Québec en effectuant un paiement en espèces de 500.000 dollars et en émettant 3.671.569 actions ordinaires (évaluées à 300.000 dollars) à Duparquet Assets. La société a réalisé une campagne de forage significative de 19 trous en 2024, totalisant 8.166 mètres, et a collecté 7.994 mètres de carottes historiques.
Le projet se concentre sur le développement d'un dépôt d'or à ciel ouvert, de faible teneur et proche de la surface, plutôt que d'une mine souterraine à haute teneur. La propriété, située le long de la faille Porcupine-Destor près de Duparquet, au Québec, a une ressource inférée historique de 4,17 millions de tonnes avec un grade de 5,42 g/t Au (coupé) ou 6,36 g/t Au (non coupé) selon un rapport technique de 2011. Les résultats récents de forage ont montré de l'or visible dans des zones à faible teneur, ce qui pourrait avoir un impact sur la teneur et le nombre total d'onces dans l'environnement à ciel ouvert.
Emperor Metals (CSE: AUOZ, OTCQB: EMAUF) hat seine Option auf das Goldprojekt Duquesne West in Quebec erneuert, indem es eine Barzahlung von 500.000 Dollar leistete und 3.671.569 Stammaktien (zum Wert von 300.000 Dollar) an Duparquet Assets ausgab. Das Unternehmen hat 2024 eine bedeutende Bohrkampagne mit 19 Bohrlöchern abgeschlossen, die insgesamt 8.166 Meter umfasste, und 7.994 Meter historischen Kern gesammelt.
Das Projekt konzentriert sich auf die Entwicklung eines oberflächennahen, niedriggradigen Tagebau-Goldvorkommens anstelle einer hochgradigen Untertagemine. Das Grundstück, das entlang des Porcupine-Destor-Störungsgebiets in der Nähe von Duparquet, Quebec, liegt, hat laut einem technischen Bericht von 2011 eine historische abgeleitete Ressource von 4,17 Millionen Tonnen mit 5,42 g/t Au (geschnitten) bzw. 6,36 g/t Au (unkomprimiert). Die jüngsten Bohrergebnisse haben sichtbares Gold in niedriggradigen Zonen gezeigt, was potenziell den Gehalt und die Gesamtunzen im Tagebau beeinflussen könnte.
- Completed substantial drilling campaign (19 holes, 8,166 meters) in 2024
- Presence of visible gold in lower-grade zones could enhance open-pit economics
- Historical resource of 4.17M tonnes at 5.42-6.36 g/t Au indicates significant potential
- Required $800,000 in cash and shares for option renewal
- Historical resource estimate not current or verified under NI 43-101 standards
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2025) - EMPEROR METALS INC. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) ("Emperor" or the "Company") is pleased to announce that it has paid Duparquet Assets Ltd., a private company owned
CEO John Florek commented: "We are excited to continue progressing with this option agreement. The compelling results from the 2024 drilling season have revealed the presence of visible gold within lower-grade zones, which could significantly impact both grade and total ounces in the open-pit environment. Infill drilling supports this scenario, and we look forward to the upcoming Q1 mineral resource estimate update."
During 2024, Emperor undertook a 19-hole drill campaign totalling 8,166 meters and collected 7,994 meters of historical core as part of a program focused on outlining a near surface lower grade open pittable gold deposit rather than an underground higher grade mine. Pursuant to previous press releases, Emperor has announced both high grade and low grade intersections building upon the Company's open pit model. Additional drill hole results are pending.
The Duquesne West property straddles the Porcupine-Destor Fault several kilometres east of the town of Duparquet, Quebec. A number of previous drill campaigns have outlined a historical inferred resource of 4.17 million tonnes grading 5.42 g/t Au (cut) or 6.36 g/t Au (uncut) as reported in the NI 43-101 report "Technical Report and Mineral Resource Estimate Update for the Duquesne-Ottoman Property, Quebec, Canada" by Watts, Griffis and McOuat, David Power-Fardy, M.Sc., Senior Geologist and Kurt Breede, P.Eng., Senior Resource Engineer dated October 20, 2011. This report is available on Globex's website and is considered relevant and reliable. A "qualified person" as defined under NI 43-101 has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The Company is not treating the historical estimate as current mineral resources or mineral reserves.
The technical information in this press release was reviewed and approved by John Florek, P. Geo., President and CEO of Emperor in his capacity as the Company's "qualified person". For further information on the Duquesne West Property see Emperor's press release dated October 12, 2022 available on SEDAR+.
About Emperor Metals Inc.
Emperor Metals Inc. is an innovative Canadian mineral exploration company focused on developing high-quality gold properties situated in the Canadian Shield. For more information, please refer to SEDAR+ (www.sedarplus.ca), under the Company's profile.
ON BEHALF OF THE BOARD OF DIRECTORS
John Florek
For further information, please contact:
Mr. John Florek
Phone: 807-228-3531
Email: JohnF@emperormetals.com
Website: www.emperormetals.com
Mr. Alexander Horsley
Phone: 778-323-3058
Email: info@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 THE COMPANY AND THERE IS NO ASSURANCE THAT 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 THE COMPANY 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. THE COMPANY 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/238273
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