Empire Managing Director,
PGE's have not historically been observed in such high concentrations west of the Smith Well Prospect, the presence of a broad zone of palladium and platinum metals at the YT01 Prospect reinforces the Company's view that the
'The YT01 Prospect was identified in late 2019, its rapid progress from a geochemical target to advanced exploration prospect with drilling clearly demonstrates the potential for the multitude of remaining untested targets and prospects at Yuinmery. 'The Company will continue to advance its exploration efforts at Yuinmery and looks forward to providing regular updates as progress continues at this exciting Project.'
YUINMERY PROJECT
In
The results of the June RC drilling campaign were very encouraging. The drilling has continued to intercept copper-nickel mineralisation at depth and down plunge in the north-east of Smith Well. Drilling at YT01 encountered elevated PGE mineralisation in hole YRC20-28. The PGE mineralisation is located within a schist between a dolerite intrusion in the hangingwall and intermediate volcanic rocks in the footwall. The geometry of the intrusion and the location of mineralisation within the stratigraphic sequence suggests the mineralisation is located in the base of the intrusion.
YT01 Prospect
The 3.5km southern horizon was identified by the Company in late 2019 following an independent review of historical geochemical, geological mapping, drilling and geophysics datasets3 . Initial exploration consisted of aircore (AC) drilling in late 20194 with RC drilling in January and
The 20m width of anomalous mineralisation averaging 0.39% Cu and 0.11% Ni from 143m is the first broad intercept observed outside the Smith Well area containing elevated nickel values associated with elevated copper. Of interest in YRC20-28 are the highly anomalous palladium and platinum values associated with the copper and nickel towards the end of the drill hole. The 12m downhole intercept in YRC20-28 averaged 0.34g/t Pd, 0.11g/t Pt, 0.38% Cu, 0.11% Ni & 0.02% Co from 151m. Palladium and platinum values of up to 0.53g/t Pd & 0.24g/t Pt were returned from 1m composite samples. The Company is currently re-assaying recent drilling to assist in understanding the geological setting of YT01 and its implications for mineralisation.
Smith Well Prospect
The Smith Well prospect is an historic copper-gold prospect with recently identified anomalous nickel in drilling. The prospect is interpreted to host two steeply dipping, parallel mineralised horizons. Copper intercepts of >1% Cu associated with elevated nickel (>0.2% Ni), low-level gold and cobalt values have been identified to occur in the upper horizon, while the second lower horizon is characterised by copper intercepts of >1% Cu associated with elevated gold >0.1g/t Au but low nickel values.
Smith Well is interpreted to lie within a broad stratigraphic horizon extending more than 5.5km from Smith Well in the east around to the Just Deserts deposit to the west. This stratigraphic horizon includes multiple prospects such as C-Zone and Claudius, where promising historical Cu-Au mineralisation has been identified. Smith Well's unique elevated nickel content is interpreted to be the result of fluids from a mafic intrusion interacting with the original coppergold mineralisation within the volcanics.
Drilling during 2020 has so far intercepted strongly sulphidic mineralisation containing chalcopyrite, pyrrhotite and pyrite in varying concentrations. Empire completed a further six RC holes at Smiths Well in
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