Empire Resources has announced high grade copper intersections from its drilling exploration at the A Zone in the Yuinmery copper gold project. The Yuinmery project, located 80 km south west of Sandstone, is one of two projects located in Western Australia that belong to the company. The other is the Wynne project.
As per Empire Resources results from a reverse circulation (RAB) drilling program have shown 5 meters at 4.4% copper from 170 meters within 19 meters at 1.85% copper from 160 meters down the hole. This could add to the comparatively recent copper gold discoveries at the Just Deserts prospect in Yuinmery. Just Deserts is about 1.3 km away from the A Zone prospect in Yuinmery.
The managing director of Empire Resources, Mr David Sargeant said that investors should bear in mind that they had a resource already and it was their view that somewhere between 2 and 5 million tonnes of 2% copper should be enough to be stand alone. This figure depends a lot on the blend of open pittable and underground resources.
Obviously an open start to mining means a great deal to the economics, especially starting a project off he added. A stand alone base metal project development is expected to be by way of producing a low volume high value concentrate, which would be trucked to Geraldton, and sold fob to any of the markets world-wide. This is what the adjacent mines at Golden Grove and at Leonora are currently doing said Mr Sargeant.