Emperor Metals Inc. Announces Significant Increase in Gold Resource at Duquesne West Project

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA:9NH) has announced a substantial increase in the mineral resource estimate for its Duquesne West Gold Project in Quebec, marking a 104% rise over historical figures. The updated estimate reveals an Inferred Mineral Resource of 26.9 million tonnes at a grade of 1.69 g/t gold, amounting to 1.460 million ounces. This development is significant as it demonstrates the project's potential for both open-pit and underground mining, with 44% and 56% of the resource respectively amenable to these methods.

The company's exploration efforts have yielded high-grade intercepts, including a notable 22.7 meters at 35.2 g/t gold, underscoring the project's quality. Emperor Metals is planning a summer drill campaign of 8,000 to 10,000 meters to further expand the resource, with an ambitious target to exceed two million ounces by 2025. CEO John Florek highlighted the discovery cost of $7 per ounce as a testament to the project's capital efficiency, especially relevant in the current context of strong gold prices.

For more details on this announcement, visit https://ibn.fm/fJp54.