Empire Metals Ltd has reported promising results from an airborne gravity survey conducted at the Pitfield project in Western Australia, suggesting the presence of higher-grade titanium mineralization. The London-based minerals explorer and developer noted the identification of a “very dense” core within a 40-kilometer-long magnetic anomaly. This core indicates the possible presence of thick high-grade iron-titanium mineralized beds or extensive zones of hematitic iron oxides, which may be associated with copper mineralization, as stated by the company.
Empire Metals is gearing up for a 1,500-meter diamond core drilling program scheduled to commence in September. Managing Director Shaun Bunn expressed optimism about the discovery, saying, “There is clearly potential to discover even higher-grade mineralization and/or zones of new economic minerals within this high-density core, and we are looking to expand our next reverse circulation drilling campaign to ensure we cover as much of these high-density targets as possible.”
Shares of Empire Metals saw a 0.9% increase, trading at 5.35 pence each in London on Tuesday afternoon.
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