Empire Metals acquires 70% interest in Australian-based copper-gold projects
LONDON, UK: Empire Metals Limited (LON: EEE) has acquired a 70% interest in three highly prospective Australian-based copper-gold projects from Century Minerals Pty Ltd.
Two of the projects, the Pitfield Copper-Gold Project and the Walton Copper-Gold Project are in Western Australia whilst the Stavely Copper-Gold Project lies within the Stavely Arc region of Victoria.
This acquisition increases the size of Empire’s exploration camp from 9.5 km2 to 1,728 km2, an area considerably larger than that covered by Greater London, and importantly the projects all lie within mining regions well known for world-class and significant copper and/or gold discoveries.
Shaun Bunn, Managing Director, said: “Following on from our successful maiden drilling campaign at Gindalbie, I am delighted to announce the addition of these highly prospective copper-gold projects to our growing portfolio of exploration assets in what we believe signifies an important milestone to becoming a significant copper-gold exploration and development company.
We have now established an exploration camp of the highest quality, across areas renowned for world-class deposits, and we have grown the technical and exploration capabilities of our team with the inclusion of Century’s founding Principal Geologists who first identified these exciting prospects. We look forward to updating the market on our progress in due course.”
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