Empire Resources unfurls 4% copper hit at Yuinmery, potential for significant VMS zones

Empire Resources (ASX: ERL) continues to unlock the potential of the Yuinmery Project, with the latest exploration success coming from reverse circulation drilling.

At the A Zone prospect within Yuinmery, using a 0.5% copper cut, the intersection, part of a broader 25 metre zone, averages:

- 4 metres at 4.68% copper and 0.5g/t gold, with 7 metres at 3.17% copper and 0.47g/t gold.

The copper intersection forms part of a wide zone of disseminated sulphide mineralisation from 173 metres, with the true width estimated to be at least 80% of the drill intersection.

Another very important factor for the A Zone prospect is the strategic location, positioned just 1.3 kilometres north of the company's flagship Just Desserts prospect.

Just Desserts already hosts an Indicated and Inferred JORC Resource of 1,070,000 tonnes at 1.82% copper and 0.78g/t gold.


Higher grades at A Zone prospect

David Sargeant, managing director, told Proactive Investors today that the company has been getting consistently higher grades at A Zone compared with Just Desserts.

"The grades and widths appear to be getting better at depth as well at A Zone.

"We are currently awaiting many more assays, but expect the balance by month’s end."

Empire will continue to move Yuinmery forward by commencing a new diamond drilling program in October.

Sargeant added that drilling will continue at both the A Zone and Just Desserts targeting an increase in the resource inventory.

"The next milestone will be to increase the resources and improve their quality, such as moving some resources from Inferred into Indicated categories.

"We would like to know where the project stands by the end of the year with respect to development."

Yuinmery is strategically located 80 kilometres southwest of Sandstone in Western Australia.


Potential for near term development

Yuinmery is not a stranded deposit and the project has many positive aspects including being close to infrastructure and having good access. Yuinmery is maturing rapidly and has a near term development horizon.

It contains multi metal resources, dominated by copper and gold, and has a concentrated footprint of metals; that is high metal value in low volume.

With the emerging consistently high grades at the project at a time of sustained high global pricing for these commodities due to supply demand pressures, Yuinmery is certainly well placed.

Under the radar until now, Empire Resources is building the case for a standalone development at Yuinmery given high grade gold results to date.

Similar to adjacent mines at Golden Grove and at Leonora, Empire could produce a low volume high value concentrate, which would be trucked to Geraldton, and sold FOB to any of the markets world-wide.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/19497/empire-resources-unfurls-4-copper-hit-at-yuinmery-potential-for-significant-vms-zones-19497.html