High-grade titanium footprint extends over entire 40 km long mineral system at Empire Metal’s Pitfield Project

Highlights

• A detailed review of the historical geochemical data has confirmed TiO₂ enrichment (greater than 1% TiO₂) over virtually the entire 40 km length of the magnetics anomaly.
• Area of high-grade TiO2 mineralisation confirmed in the immediate vicinity of Mt Scratch extended from ~3 km² to more than 50 km² with an additional, similarly high-grade area (~50 km²) confirmed east of the historical Baxter’s Mine, ~20 km south of Mt Scratch.
• These large TiO2 enriched areas are both completely open to other parts of the 40 km by 8 km magnetics anomaly.
• Based on the scale of this find, Pitfield has the potential to be one of the largest primary titanium mineral sources discovered globally.
• Less than 2% of the regional magnetics anomaly drilled to date – drilling has confirmed consistently high TiO2 grades over thick intervals at or very near surface (with many holes ending in high grade TiO2 mineralisation down to ~150 m).
• Planning underway for a second drilling campaign, including additional reverse circulation (‘RC’) and first diamond core drilling to follow up previous thick intersections, which included 152m at 4.4% TiO2 and 120m at 4.72% TiO2 and to provide first drill tests of other target zones along the length of this regional TiO2 enriched trend.
• First petrographic/mineralogical and TiO2 specific geochemical study results expected shortly to define nature of mineralisation, including mineralogical residence of TiO2.
• Titanium is on the ‘critical mineral list’ in many countries including the United States, the European Union, Japan, and Australia.
• The Company remains well funded for its next phase of exploration with cash of ~£1.8 million as reported on 19 June 2023.

Shaun Bunn, Managing Director, said: “In the past few weeks since verifying this discovery, a detailed compilation and integration of all available historical information on the project area has been carried out with a focus on titanium. What can be clearly evidenced from both the historical surface sampling and our recent geophysical surveys and drilling campaign is the enormous scale of the discovery, extending the full 40 km length of this regional magnetics anomaly which has been the focus of our exploration activities to date. We are extremely excited by the economic potential of this discovery and are 100% focused on building on our initial success through further drilling to confirm the extent of this giant TiO2 enriched mineral system. With cash at bank of £1.8 million, as reported on 19 June 2023, we are well-funded to continue our value-add, exploration work at Pitfield into the coming months.”

Read the article online at: https://www.globalminingreview.com/mining/03072023/high-grade-titanium-footprint-extends-over-entire-40-km-long-mineral-system-at-empire-metals-pitfield-project/