Emperor Metals Inc Stock Price, News & Analysis

Emperor Metals (EMAUF) has announced significant results from its 2024 drilling program at the Duquesne West Gold Project. The program encompassed 8,166 meters across 19 new drill holes, with 70% of new drilling assays and 35% of total 2024 season assays reported to date.

Key highlights include intersections of 24.8 meters at 1.8 g/t Au and 56.1 meters at 0.5 g/t Au in DQ24-11, and 21.7 meters at 7.2 g/t Au within a broader interval of 38.3 meters at 4.1 g/t Au in DQ24-12. Notably, visible gold was observed in DQ24-12.

The company is targeting a multi-million-ounce resource combining open pit and underground mining scenarios. The property currently hosts a historical inferred resource of 727,000 ounces at 5.42 g/t Au. Emperor expects to deliver a new Mineral Resource Estimate in Q1 2025, with all assays to be finalized by mid-February.

Emperor Metals has entered into a property purchase agreement to acquire Maritime Resources' Lac Pelletier Property in Quebec through the issuance of 12.5 million common shares (approximately 10.06% of Emperor's outstanding shares). The Lac Pelletier Property spans 558 hectares and is located 4 km southwest of Rouyn-Noranda, adjacent to Agnico Eagles' Wasamac Gold Deposit.

The property features historical mineral resources of 681,200 tonnes grading 4.08 g/t Au (89,400 oz) in Measured and Indicated categories, plus 1,099,000 tonnes grading 3.89 g/t Au (137,600 oz) in Inferred category. Notable features include 105,000 meters of drilling, 3.3 km of underground development, and previous bulk samples achieving 96.3% recovery. The property is subject to a 1% net smelter returns royalty to Metalla Royalty & Streaming The transaction is expected to close before March 31, 2025.

Emperor Metals (EMAUF) has reported additional results from its 2024 drilling program at Duquesne West, which comprised 8,166 meters across 19 new drill holes. Key findings include intersections of 2.5 m of 10.27 g/t Au and 21.5 m of 0.6 g/t Au in previously untested areas. The company has reported 50% of new drilling assays and 25% of total 2024 season assays.

The results demonstrate expansion potential eastward along the conceptual open pit strike, with significant intercepts in underexplored near-surface areas. The property currently holds a historical inferred resource of 727,000 ounces at 5.42 g/t Au. Emperor is targeting a multi-million-ounce resource combining open pit and underground scenarios, with a new Mineral Resource Estimate planned for Q1 2025.

Emperor Metals has reported positive initial metallurgical testing results from its Duquesne West Gold Deposit. Testing focused on replacement style and low-grade bulk tonnage mineralization, with weighted average gold extraction ranging from 90% to 100% in replacement style mineralization, averaging 90% across all samples. The Quartz Feldspar Porphyry (QFP) related mineralization showed recoveries between 76% and 100%. Notably, deleterious elements that typically consume cyanide and oxygen were found to be present in insignificant quantities, suggesting favorable conditions for future processing. The company expects to release a mineral resource estimate in Q1 2025.

Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) announces participation in the 2024 New Orleans Investment Conference from November 20-23. The company will showcase its Duquesne West Gold Project in Quebec, which has a 2011 historical resource of 727,000 ounces of gold at 5.42 g/t. In 2024, Emperor completed over 8,000 meters of drilling, revealing significant intersections including 52.1 meters of 0.8 g/t Au. The company is transforming the traditional underground mine model into an open pit concept using AI-driven 3D geological modeling. CEO John Florek will present on November 21 at 7:15 a.m. in Churchill C1.

Emperor Metals (EMAUF) announced results from the first 3 holes of its 19-hole drilling program at the Duquesne West Gold Project. Key findings include an intersection of 52.1 metres of 0.8 g/t gold in DQ24-02 and 30.2 m of 0.4 g/t Au in DQ24-03. The drilling program, representing 1,452 meters of the total 8,166m campaign, aims to expand near-surface mineralization within the conceptual open-pit model. The property currently holds a historical inferred resource of 727,000 ounces at 5.42 g/t Au. A mineral resource update is scheduled for Q1 2025.

Emperor Metals Inc. (CSE: AUOZ, OTCQB: EMAUF, FSE: 9NH) is advancing its Duquesne West Gold Project in Quebec, focusing on untested high-grade gold targets. The company has completed 30% (2,500 meters) of its ongoing 8,000-m drill program, exploring eastward from Duquesne West towards the Nip Zone. Significant historical intercepts at the Nip Zone include 16.0 m of 6.06 g/t Au and 2.5 m of 52.88 g/t Au, highlighting the project's potential.

Emperor is well-funded with approximately $4 million in working capital to advance the project. The company aims to expand the deposit's footprint and plans a mineral resource update for Q1 2025. The current drilling campaign follows up on successful 2023 results, focusing on building inferred ounces within the conceptual open pit and exploring potential satellite pits.

Emperor Metals has mobilized a drill rig to start its 2024 exploration program at the Duquesne West Gold Project in Quebec. This 8,000 m drill program will build on the initial 2023 campaign, which revealed significant open-pit potential above high-grade gold deposits. CEO John Florek highlighted the company's strong financial position with $4 million in working capital.

Plans for 2024 include extending high-grade lenses, expanding ounces within and outside the open-pit shells, and sampling historical core not previously assayed. The 2023 campaign used AI to create a 3D model, achieving notable intercepts like 15.8 g/t Au over 10.85 m and 1.69 g/t Au over 25 m.

The exploration aims to refine the open-pit concept, reducing stripping ratios and adding bulk-tonnage ounces. Emperor Metals aims to update the mineral resource, leveraging strong gold prices to maximize shareholder value.

Emperor Metals has initiated an 8,000-meter drilling program at the Duquesne West Gold Project in Quebec, starting mid-May 2024. This follows their successful 2023 campaign, where high-grade gold deposits were discovered. The company plans to expand its open-pit concept, leveraging AI-guided targeting and sampling historical cores, with up to 70% of near-surface cores unassayed. Emperor Metals is well-funded with $4 million in working capital, aiming to update the mineral resource while benefiting from strong gold prices.