Emperor Metals Inc. Announces Significant Gold Resource Increase at Duquesne West Project
Emperor Metals Inc. reports a 104% increase in gold resources at its Duquesne West Project, signaling potential for substantial growth and efficiency in gold exploration.
Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA:9NH) has announced a significant update to its Mineral Resource Estimate (MRE) for the Duquesne West Gold Project in Quebec, revealing a 104% increase over historical figures. The updated MRE details an Inferred Mineral Resource of 26.9 million tonnes grading 1.69 g/t gold, totaling 1.460 million ounces. This development underscores the project's potential, with 44% of the resource suitable for open-pit extraction and 56% for underground mining.
The company's exploration efforts have yielded high-grade intercepts, including a notable 22.7 meters at 35.2 g/t gold, highlighting the quality and extent of the gold deposits. Emperor Metals plans an ambitious summer drill campaign of 8,000 to 10,000 meters aimed at further expanding the resource, with a goal to exceed two million ounces by 2025. CEO John Florek pointed to the discovery cost of $7 per ounce as a testament to the project's capital efficiency, especially relevant in the current context of strong gold prices.
For more details on this announcement, visit https://ibn.fm/fJp54.