Emperor Metals Inc Stock Price, News & Analysis

Emperor Metals (EMAUF) has reported results from its 2024 drilling program at the Duquesne West Gold Project, completing 8,166 meters across 19 drill holes and approximately 8,000 meters of historical core assaying. Notable intersections include 43.9 m at 0.74 g/t Au in previously unsampled historical core and 2.5 m of 8.62 g/t Au in new drilling.

The company has received 100% of new drilling assays and 55% of total assays for the 2024 season, with all remaining results expected by mid-February. The program has successfully identified new zones with both high-grade and lower-grade potential for open-pit mining, expanding the deposit footprint up to 100m westward.

Emperor is targeting a multi-million-ounce resource, building upon its historical inferred resource of 727,000 ounces at 5.42 g/t Au. The company plans to deliver an updated Mineral Resource Estimate in Q1 or early Q2 of 2025, focusing on near-surface drilling for open-pit mining potential.

Emperor Metals (EMAUF) has announced additional results from its 2024 drilling program at Duquesne West, completing 8,166 meters across 19 new drill holes and approximately 8,000 meters of historical core assaying. Currently, 88% of new drilling assays and 52% of total 2024 season assays have been reported.

Key drilling highlights include:

• DQ24-15: 14.2m of 1.2 g/t Au and 20.4m of 0.6 g/t Au
• DQ24-12: 16.3m of 0.8 g/t Au
• DQ24-13: 8.1m of 1.0 g/t Au and 30.5m of 0.5 g/t Au
• DQ24-16: 7.1m of 1.3 g/t Au

The company is targeting a multi-million-ounce resource through both open-pit and underground mining scenarios. The property currently hosts a historical inferred resource of 727,000 ounces at 5.42 g/t Au. An updated Mineral Resource Estimate is expected in Q1 or early Q2 2025.

Emperor Metals (CSE: AUOZ, OTCQB: EMAUF) has renewed its option on the Duquesne West gold property in Quebec by making a $500,000 cash payment and issuing 3,671,569 common shares (valued at $300,000) to Duparquet Assets The company completed a significant 19-hole drilling campaign in 2024, totaling 8,166 meters, and collected 7,994 meters of historical core.

The project focuses on developing a near-surface, lower-grade open-pit gold deposit rather than an underground higher-grade mine. The property, located along the Porcupine-Destor Fault near Duparquet, Quebec, has a historical inferred resource of 4.17 million tonnes grading 5.42 g/t Au (cut) or 6.36 g/t Au (uncut) according to a 2011 technical report. Recent drilling results have shown visible gold within lower-grade zones, potentially impacting grade and total ounces in the open-pit environment.

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) has announced its participation in two major January events: the Metals Investor Forum (January 17-18) and the Vancouver Resource Investment Conference (January 19-20). The company plans to showcase recent achievements, including progress on the Duquesne West Gold Project and a strategic proposal to acquire the Lac Pelletier Property in Quebec.

CEO John Florek will present at the Metals Investor Forum on January 17 at 11:20 AM PT at the Fairmont Pacific Rim, following an invitation from industry expert Jeff Clark. At the Vancouver Resource Investment Conference, which features over 120 expert speakers and expects 5,000+ industry professionals, Emperor Metals will exhibit at Booth #308 at the Vancouver Convention Centre.

Emperor Metals has entered into a binding purchase agreement with an Eldorado Gold subsidiary to acquire surface rights to the Lac Pelletier Property in Quebec. The acquisition involves assuming rehabilitation and restoration plan liabilities, including bonds totaling $305,349, and releasing Eldorado's financial guarantee from Quebec authorities.

The surface rights comprise 5 lots located 4 km southwest of Rouyn-Noranda, Quebec, including a mining lease with a 1,000 tonnes/day mine permit. The property is subject to a 1% net smelter returns royalty to Metalla Royalty & Streaming The transaction is expected to close before April 15, 2025, pending customary conditions including Canadian Securities Exchange approval.

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.