Emperor Metals Inc. has reported a substantial increase in the estimated gold resources at its Duquesne West Gold Project located in Quebec. The initial Mineral Resource Estimate (MRE) shows a 104% increase over historical figures, with an Inferred Mineral Resource of 26.9 million tonnes grading 1.69 g/t gold, totaling 1.460 million ounces. This significant development not only marks a milestone for Emperor Metals Inc. but also demonstrates the growing potential of the Duquesne West Gold Project and the effectiveness of the company's exploration strategies.
The resource breakdown reveals that about 44% of the deposit is suitable for open-pit extraction, while 56% is amenable to underground mining. High-grade intercepts, such as 22.7 meters at 35.2 g/t gold, highlight the deposit's quality. Emperor Metals Inc. has announced plans for a summer drill campaign of 8,000 to 10,000 meters aimed at further expanding the resource, with the goal of exceeding two million ounces by 2025. CEO John Florek emphasized the discovery cost of $7 per ounce as a reflection of the company's capital efficiency, particularly relevant given the current strong gold prices.
For more details on the announcement, visit https://ibn.fm/fJp54. This update not only underscores Emperor Metals Inc.'s progress in exploration but also solidifies the Duquesne West Gold Project's position as a key asset in the Canadian Shield's gold mining sector.
