Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Empire Metals completes airborne survey over Pitfield, drilling next

Published 02/08/2023, 07:22
Updated 02/08/2023, 07:40
© Reuters.  Empire Metals completes airborne survey over Pitfield, drilling next
HG
-

Proactive Investors - Empire Metals Ltd (LON:EEEE) said it completed an airborne gravity survey over its Pitfield project in Western Australia.

Shares in Empire have trebled in the past quarter after a huge titanium deposit was identified at Pitfield in addition to copper, the original target.

The junior said it will combine the gravity data with previous geological data to define drill targets along the entire length of the identified anomaly.

Shaun Bunn, managing director, said: "We are making good headway in understanding the size and scale of this globally significant titanium discovery.

“The main objective of the gravity survey is to map variations in the subsurface rock density at Pitfield across the 40km by 8km magnetics anomaly at a high resolution that will assist in drill target selection, with priority given to identifying and testing the thicker and higher-grade parts of this giant titanium-rich mineral system.

"The iron-titanium oxide mineralisation already encountered at Pitfield has a higher density than the surrounding unaltered sediments and should stand out well in the survey."

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.