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Emperor Metals Clarifies and Corrects October 30, 2025 News Release
Newsfile· 2025-10-31 00:37
Core Insights - Emperor Metals Inc. clarified information regarding its gold resource estimates, correcting the historical average grade and resource figures [1][2] Company Overview - Emperor Metals Inc. is a junior mining company focused on high-grade gold exploration and development in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [3] - The company aims to unlock the resource potential of the Duquesne West Gold Project and the Lac Pelletier Project, which is currently under a purchase agreement [3] Resource Estimates - The updated combined open-pit and underground Inferred Mineral Resource Estimate is 1,460,000 ounces of gold at an average grade of 1.69 g/t Au, as reported on July 9, 2025 [2] - The increase in resource from the historical estimate to the updated estimate is over 100%, correcting the previously stated 104% increase [2]
Emperor Metals Inc. to Showcase Continued Growth and Advancements at the 2025 New Orleans Investment Conference
Newsfile· 2025-10-30 12:00
Core Insights - Emperor Metals Inc. is participating in the 2025 New Orleans Investment Conference, showcasing its growth and advancements in mineral exploration [1][2]. Company Developments - The company has made significant advancements in its Quebec portfolio, particularly with the Duquesne West Gold Project and the newly acquired Lac Pelletier Property [2][4]. - The 2025 Mineral Resource Estimate for Duquesne West has confirmed it as a significant gold asset, with an increase of over 104% to 1.46 million inferred ounces of gold at a grade of 5.42 g/t Au, more than doubling the historical estimate [3][5]. - A 2025 drilling program has commenced at Duquesne West, focusing on resource expansion and near-surface zones identified through AI modeling [4][5]. Strategic Initiatives - The acquisition of the Lac Pelletier Property enhances Emperor's presence in Quebec's Abitibi region, adding another promising gold project with near-term exploration potential [4][7]. - The company aims to transition from a traditional underground mining model to a larger-scale, open-pit concept [3]. Leadership and Vision - John Florek, President and CEO, emphasized the company's exciting new phase of growth and the strong pipeline of quality gold assets being developed [5][9]. - The company is committed to building a high-impact gold resource portfolio in one of Canada's premier mining jurisdictions [5][7].
Emperor Metals Mobilizes Drill Rig to Advance Duquesne West Exploration
Newsfile· 2025-10-28 12:30
Core Viewpoint - Emperor Metals Inc. has resumed its drilling program at the Duquesne West Gold Project following a successful financing round of $11.1 million, aimed at advancing exploration and development efforts [2][3]. Summary by Sections Drilling Program and Financing - The company is excited to resume drilling after closing a financing round of $11.1 million, which will support exploration at both the Duquesne West and Lac Pelletier Gold Deposits [2]. - The next phase of drilling will involve 10,000 to 15,000 meters, focusing on resource expansion and delineation [5][12]. Resource Estimates and Geological Insights - The Duquesne West Gold Project has an Inferred Mineral Resource of 27.3 million tonnes grading 1.69 grams per tonne (g/t) gold, containing 1.46 million troy ounces of gold [4][18]. - Approximately 44% of the current resource is amenable to open-pit extraction, while 56% is potentially mineable via underground methods [3][4]. Strategic Objectives for 2025 - The 2025 drilling campaign will include an 8,000-meter historical core sampling program and a diamond drilling program targeting step-out zones [12]. - Key objectives include expanding the open pit footprint, increasing the thickness of high-grade lenses, and discovering new zones [13][14]. Historical Drilling Highlights - Significant historical drilling has been conducted, with over 120,000 meters completed, indicating substantial upside potential for resource expansion [3][10]. - Notable intercepts from the 2023 and 2024 drilling campaigns have successfully extended mineralized zones, contributing to the inferred resource expansion [10][11]. Technological Integration - The company is leveraging AI and machine learning to reinterpret geological models, revealing new opportunities for resource discovery [20]. Company Overview - Emperor Metals Inc. is focused on high-grade gold exploration in Quebec's Southern Abitibi Greenstone Belt, with a commitment to unlocking the resource potential of the Duquesne West and Lac Pelletier Projects [26].
Emperor Metals Announces Final Over-Subscribed Closing of LIFE Offering for Aggregate Gross Proceeds of $11 Million
Newsfile· 2025-10-17 22:52
Core Viewpoint - Emperor Metals Inc. has successfully completed the second and final closing of its private placement offering, raising a total of approximately $11 million, which will be utilized for general and administrative expenses and working capital [1][4]. Group 1: Offering Details - The second closing of the offering raised approximately $1,150,333.80, contributing to a total of approximately $11,093,333.60 across all closings [1]. - A total of 5,751,669 Common Units were issued at a price of $0.20 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [1]. - The offering was led by SCP Resource Finance LP, acting as the lead agent and sole bookrunner, along with Canaccord Genuity Corp. as part of the syndicate [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for general and administrative expenses and working capital, as outlined in the offering document dated September 12, 2025 [4]. Group 3: Shareholder Information - Evanachan Limited acquired 750,000 Common Units for $150,000, representing approximately 1.65% of the total units sold under the offering [6]. - Following the second closing, Evanachan Limited holds 13,750,000 shares and 6,875,000 common share purchase warrants, representing approximately 6.9% of the total issued shares on a non-diluted basis [8]. Group 4: Company Overview - Emperor Metals Inc. is focused on high-grade gold exploration and development in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [9]. - The company aims to unlock the resource potential of the Duquesne West Gold Project and the Lac Pelletier Project [9].
Giant Mining Expands New Copper Discovery at Majuba Hill Copper-Silver-Gold Project, Nevada with AI-Driven Drill Program as Phase 2 Exploration Begins
Thenewswire· 2025-09-03 07:05
Core Insights - Giant Mining Corp. has launched its 2025 Phase 2 Exploration Program at the Majuba Hill Copper-Silver-Gold Project in Nevada, building on the success of Phase 1 [1][2] - The project is strategically positioned to support the U.S. transition to a sustainable future, as copper is essential for electrification and renewable energy [3] Exploration Program Highlights - The Phase 2 program utilizes a porphyry-driven, magmatic-hydrothermal breccia model to explore the district-scale potential of Majuba Hill [2] - Key exploration targets include the Southern Breccia Zone, Northern Breccia Zone, and Ball Park Breccia, with new soil samples being collected to enhance geochemical characterization [3] Drilling Results - The final assay results from the Phase 1 diamond drilling program confirmed the effectiveness of the AI-driven targeting strategy, particularly in identifying high-potential breccia zones [5] - Core hole MHB-36, completed to a depth of 1,100 feet (335.3 meters), intersected multiple intervals of copper mineralization, with significant values including 1.5 feet (0.5 m) at 1.21% Cu [10][12] Project Characteristics - Majuba Hill is located in a top-ranked mining jurisdiction in Nevada, covering 9,684 acres and benefiting from existing infrastructure, which provides cost advantages [13] - The project has a history of production and shows indications of a potentially large mineralized body, with significant expansion potential [13] Market Engagement - Giant Mining has engaged InteractiveOffers LLC for a comprehensive investor relations program to enhance transparency and engagement with the investment community [18][19] - The initiative aims to broaden awareness of the company's strategic growth initiatives and corporate milestones [20]
Emperor Metals Announces Filing of Technical Report in Support of Maiden Mineral Resource Estimate for the Duquesne West Gold Project, Quebec
Newsfile· 2025-08-27 09:30
Core Viewpoint - Emperor Metals Inc. has filed a technical report supporting its initial Mineral Resource Estimate for the Duquesne West Gold Project, highlighting significant growth potential and robust resource values [2][4]. Company Overview - Emperor Metals Inc. is focused on high-grade gold exploration and development in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [12]. - The company aims to unlock substantial resource potential at the Duquesne West Gold Project and the Lac Pelletier Project [12]. Mineral Resource Estimate - The 2025 Duquesne West Mineral Resource Estimate comprises an Inferred Mineral Resource of 26.9 million tonnes (Mt), containing 1.460 million ounces (Moz) of gold (Au) at an average grade of 1.69 grams per tonne (g/t) [3][8]. - The report includes a sensitivity analysis showing robust values in both grade and size at various cutoff grades, indicating strong potential for resource expansion [4][9]. Technical Report Details - The technical report, titled "NI 43-101 Technical Report and Maiden Mineral Resource Estimate, Duquesne West Property, Quebec, Canada," was prepared by qualified professionals from APEX Geoscience and is dated August 21, 2025, with an effective date of July 2, 2025 [2][9]. - The report is available for public access under the company's profile on SEDAR+ [2]. Economic Assumptions - Economic assumptions for the resource estimate include a gold price of US$2,300 per ounce, a foreign exchange rate of 0.75 US$:CA$, and processing costs of CA$12.5 per tonne [9].
Emperor Metals Announces Maiden Mineral Resource Estimate for the Duquesne West Project, Quebec
Newsfile· 2025-07-09 09:30
Core Viewpoint - Emperor Metals Inc. has announced its initial Mineral Resource Estimate for the Duquesne West Gold Project, indicating a significant increase in gold resources compared to historical estimates [1][3]. Group 1: Mineral Resource Estimate Highlights - The 2025 Duquesne West MRE includes an Inferred Mineral Resource of 26.9 million tonnes (Mt), containing 1.460 million ounces (Moz) of gold at an average grade of 1.69 grams per metric ton (g/t) [2][4]. - The current estimate represents an increase of over 104% from the historical resource, which was 727,000 ounces at a grade of 5.42 g/t [3][4]. - Approximately 44% of the total inferred gold resource is amenable to open-pit extraction, while 56% is potentially mineable via underground methods [6]. Group 2: Exploration and Future Plans - The company plans to conduct a summer drill program of approximately 8,000 to 10,000 meters starting in August to further expand the resource [6]. - The focus for 2025 is to surpass the inferred two-million-ounce mark through systematic exploration [4]. Group 3: Technical Details - The effective date of the 2025 Duquesne West MRE is July 2, 2024, and it was prepared by APEX Geoscience Ltd. [7]. - The MRE includes 292 drillholes with a total of 8,229.31 meters of drilling within the estimation domains [16]. - Gold grades were estimated using Ordinary Kriging with locally varying anisotropy to ensure grade continuity [18]. Group 4: Economic Assumptions - Economic assumptions for the MRE include a gold price of USD $2,300 per ounce, a processing cost of CA$12.5 per tonne, and a general and administrative cost of CA$3.0 per tonne [10].
Emperor Metals to Participate in THE Mining Investment Event of the North, June 3-5, Quebec City
Newsfile· 2025-05-29 12:00
Company Participation - Emperor Metals Inc. will participate in THE Mining Investment Event of the North, a premier mining conference in Quebec City from June 3-5, 2025 [1][2] - The event is invite-only and will host over 100 mining companies, investors, and government representatives, supported by the Government of Québec [2] Investor Engagement - Management from Emperor Metals will be available for one-on-one investor meetings during the conference [3] - Interested parties can contact Jennifer Choi for registration and meeting inquiries [3] Project Focus - The company is focused on delivering an updated Mineral Resource Estimate for its flagship Duquesne West Gold Project in Québec [4] - Work is also progressing on the recently acquired Lac Pelletier Project, which has near-term production potential [4][6] Display Participation - Emperor Metals will participate in the Coreshack display at the Salon January Lounge, showcasing core samples from its 2024 exploration campaigns [5] Company Overview - Emperor Metals Inc. is a high-grade gold exploration and development company operating in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [6] - The company aims to unlock the resource potential of its projects, led by a team with a strong track record in the mining sector [6]