Empire Metals Limited NPV (DI) (EEE)

Sector:

Mining

Index:

FTSE AIM All-Share

7.70p
   
  • Change Today:
    -0.060p
  • 52 Week High: 13.40p
  • 52 Week Low: 1.60p
  • Currency: UK Pounds
  • Shares Issued: 598.85m
  • Volume: 2,637,307
  • Market Cap: £46.11m
  • RiskGrade: 397

Empire Metals starts new drilling at Eclipse-Gindalbie

By Josh White

Date: Wednesday 22 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Empire Metals announced the start of its next campaign of reverse circulation (RC) drilling at the combined Eclipse-Gindalbie gold project in Western Australia on Wednesday.
The AIM-traded firm said the campaign would consist of more than 3,290 metres of drilling across 26 holes, to target high-grade mineralisation at Eclipse-Gindalbie.

It said it would focus on the most prospective targets within the project area, including Homeward Bound, which previously delivered "very high grade" intercepts.

Those previously-delivered intercepts included five metres at 8.99 grams of gold per tonne from 31 metres downhole, including one metre at 40.9 grams per tonne; three metres at 8.96 grams per tonne from 98 metres downhole, including two metres at 13.28 grams per tonne; and three metres at 9.88 grams per tonne from 46 metres downhole, including one metre at 26.2 grams per tonne.

"We are pleased to announce the commencement of our next drilling campaign which will focus on the most prospective targets identified to date within the combined Eclipse-Gindalbie project area," said managing director Shaun Bunn.

"The previous drilling at Homeward Bound produced very high grades and we also encountered significant gold mineralisation at depth below the small open pit at Bud's Find and a three metre wide mineralised lode was identified at Laurel."

At 1102 BST, shares in Empire Metals were up 6.12% at 1.3p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

EEE Market Data

Currency UK Pounds
Share Price 7.70p
Change Today -0.060p
% Change -0.77 %
52 Week High 13.40p
52 Week Low 1.60p
Volume 2,637,307
Shares Issued 598.85m
Market Cap £46.11m
RiskGrade 397

EEE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.36% below the market average57.36% below the market average57.36% below the market average57.36% below the market average57.36% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Price Trend
99.20% above the market average99.20% above the market average99.20% above the market average99.20% above the market average99.20% above the market average
98.62% above the sector average98.62% above the sector average98.62% above the sector average98.62% above the sector average98.62% above the sector average
Income Not Available
Growth Not Available

EEE Dividends

No dividends found

Trades for 26-Apr-2024

Time Volume / Share Price
16:27 600 @ 7.85p
16:23 27 @ 8.00p
16:20 21,331 @ 7.57p
16:16 4,419 @ 7.92p
16:13 22,334 @ 7.64p

EEE Key Personnel

Finance Director Gregory Kuenzel ACA

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