Emperor Metals Inc. has announced a substantial increase in the estimated gold resources at its Duquesne West Gold Project in Quebec. The initial Mineral Resource Estimate reveals 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 development marks a significant milestone for the company, showcasing the project's growing potential and the effectiveness of its exploration strategies.
The breakdown of the resource indicates that approximately 44% 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, underscore the quality of the deposit. Emperor Metals Inc. has planned a summer drill campaign of 8,000 to 10,000 meters to further expand the resource, with ambitions to exceed two million ounces by 2025.
CEO John Florek highlighted the discovery cost of $7 per ounce as a testament to the company's capital efficiency, especially relevant in the current context of strong gold prices. For more details on the announcement, visit https://ibn.fm/fJp54. This update not only reflects Emperor Metals Inc.'s progress in exploration but also positions the Duquesne West Gold Project as a significant asset in the Canadian Shield's gold mining landscape.
