- Company’s flagship Duquesne West Gold Property is believed to host an estimated historical mineral resource of 727,000 ounces of gold.
- Emperor Metals aims to scale this resource as quickly and efficiently as possible, with the goal of increasing its market cap and enhancing shareholder value.
- An updated mineral resource estimate (“MRE”) is planned for Q1 2025, based on drilling results achieved last year and this year’s overall 16,000 meters assayed, and associated cutoff grades are planned to be significantly lowered.
Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH), an advanced stage gold exploration company, was recently featured on IBN’s The MiningNewsWire Podcast, where Head of Corporate Development and Director Alex Horsley discussed the company’s flagship Duquesne West gold project, recent achievements and near-term plans and goals (https://ibn.fm/BXCZO).
“People are always talking about location, location, location, and we happen to be in the Southern Abitibi of Quebec, in the heart of this district surrounded by 15 gold producing mines – an area that’s produced 200 million ounces of gold.” Horsley said, explaining that the Duquesne West gold project has a historical resource of 727,000 ounces of gold, “and what’s really crucial is that it’s high grade, with an average of 5.42 grams of gold per ton and a robust average thickness of 5.7 meters.”
Emperor Metals’ mission is to grow the Duquesne West resource as quickly, cost efficiently and strategically as possible. “Our resource was based on a 3.0-gram cutoff grade in a 2.5-meter thickness, and it was also based on $960 gold back when that historical report was done in 2011. What is really exciting is that, since 2011, gold is up 150%,” Horsley said.
The Emperor Metals executive also talked about the company’s successful drilling campaign at Duquesne West last year, when it achieved high-grade intercepts, and what he described as the biggest achievement of 2023 – identifying a conceptual open-pit model. The new open pit model shows gold potential on top of the existing high-grade underground gold resource, granting Emperor Metals the opportunity for multiple production scenarios.
Emperor Metals aims to continue this momentum with a fully funded Phase II drilling program, which began in May 2024 with the goal of enhancing the open-pit model. The program consists of 8,000 meters drilling/assaying and 8,000 meters of historical core assaying.
The company will use these results to generate an updated mineral resources estimate that has the potential to be transformative. The updated estimate will be created by a third party and is expected to be completed by Q1 2025. “In that updated MRE, we are planning to significantly lower the cutoff grades,” Horsley added. “We’re quite excited to have this unique asset in the most prolific and productive gold mining camp in Canada. It’s a special opportunity.”
Horsley also talked about the extensive experience of the company’s team in the mining sector, led by CEO John Florek. “We have an exceptional technical team, and as gold juniors go, the project we have is high grade, robust average thickness, and significant historical resource with significant potential for resource expansion. We’re very excited to move this project along,” he said.
In addition to the updated mineral resource estimate, the company’s plans for the near future include an expanded drilling program in 2025 and building of investor awareness. “We’re positioned better than, in my opinion, 95% other gold juniors because of the location, the grade, the thickness and the exploration upside led by one of the best exploration teams in the business,” Horsley added.
For more information, visit the company’s website at www.EmperorMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to EMAUF are available in the company’s newsroom at https://ibn.fm/EMAUF
