InvestSMART

Empire Resources Limited (ASX:ERL)

ALERT: Price-sensitive ASX Announcement for ERL
Current share price for ERL : $0.007 -0.006 (-46.15%)+
Announcement
Release
27 Feb 2026 7:43PM
Price at Release
$0.013
Full Release
download
Summary
Empire Resources Limited has announced preliminary results from its recent Reverse Circulation (RC) drilling program at the Penny's Gold Project in Western Australia. The drilling, aimed at identifying primary gold mineralisation, comprised eight holes totaling 904 meters. Preliminary assay results have shown encouraging gold intersections, notably at the PF09 prospect, where significant gold presence was found in shear related quartz veins. The PF04, PF07, and PF09 prospects were the focus, with PF09 yielding particularly promising results from quartz-sulphide mineralisation intersected at depth. The results are deemed encouraging enough to warrant further exploration and drilling to better define the mineralisation and its extent. Empire plans additional drilling and testing programs to further assess and delineate the gold mineralisation at these prospects.
Key Points
  • Empire Resources Limited conducted an 8-hole, 904m RC drilling program at Penny's Gold Project.
  • Significant gold intersections were found, suggesting promising mineralisation.
  • Drilling targeted shear related quartz veining within mafic volcanic rocks.
  • The PF09 prospect showed promising results with high-grade gold intercepts.
  • Further exploration and drilling are planned to delineate mineralisation.
  • Empire Resources Limited holds 100% ownership of the project’s tenements.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.