Further high grade open-pit gold confirmed at Empire’s Penny’s Find mine

Further in-pit high grade gold has been confirmed by gold miner, Empire Resources Ltd following the latest round of grade control drilling undertaken at its Penny’s Find gold mine, 50 km northeast of Kalgoorlie, Western Australia. This round of Reverse Circulation drilling was designed to provide grade control information from 60 m depth to the planned 85 m bottom of the Penny’s Find open-pit.

Mining is currently at 55 m depth with Empire already well advanced in its feasibility studies to take the mine underground. In the latest drill program, a total of 15 holes for 486 m was completed on a 10 m X 10 m pattern at -60o along the length of the gold ore zone.

As anticipated, the grade control drilling returned numerous high grade gold intersections from the lower part of the planned open pit.

Empire’s Managing Director, David Sargeant: “As expected, the open-pit mining operation is now accessing the higher grade part of the orebody. We are looking forward in the next couple of months to solid gold production through the Lakewood toll treatment facility at Kalgoorlie.

“These results also bode well for the completion of our underground feasibility study as they indicate grades in the fresh part of the ore body are robust at depth”.

Empire holds a 60% direct interest in the Penny’s Find gold project with the remaining 40% interest held by unlisted Brimstone Resources Ltd.