Emperor hires Apex for resource estimate at Duquesne
2025-04-01 17:38 ET – News Release
Mr. John Florek reports
EMPEROR COMMENCES MAIDEN MINERAL RESOURCE ESTIMATE FOR DUQUESNE WEST GOLD PROJECT
Emperor Metals Inc. has retained Apex Geoscience Ltd. of Edmonton, Alta., as independent geological consultants to conduct a maiden mineral resource estimate (MMRE) for the Duquesne West gold project. The MMRE will integrate historic drilling data, Emperor’s 2023 and 2024 drilling data, previously unsampled historical core sample results, and artificial-intelligence-(AI)-assisted modelling to produce an updated resource estimate. The review will be overseen by Warren Black, PGeo, principal and consultant at Apex, and will begin immediately.
Apex is a privately owned, independent geological consulting company that provides high-quality, cost-effective and timely geological consulting services to exploration companies, government and non-government organizations. Apex has experience in all aspects of the mineral exploration industry from initial assessment and National Instrument 43-101 reporting through to mining including the identification and outlining of resources. They specialize in managing large mine site and exploration databases, digital capture and evaluation of historical data sets, and combining rigorous geostatistical analysis with modern geological, geochemical and drill data sets to create concise 3-D models that result in identification and potential expansion of resources.
Chief executive officer John Florek commented: “We are thrilled to engage Apex for this initial MMRE for Emperor. Our 2023 and 2024 work on the property must be viewed in the context of the new conceptual open-pit model we’ve developed. We have consistently demonstrated that Emperor’s drilling enhances the property by adding valuable intercepts that could potentially expand the resource. Having delivered our proof of concept, we are excited to further grow this MMRE through additional drilling, as we are still in the early stages of the project.”
Emperor’s focus in 2024 was on near-surface drilling for potential open-pit mining, Emperor aims to expand its resource base by including lower grades in the conceptual open-pit environment compared with higher grades in an underground mining scenario. This potentially allows Emperor to add ounces more rapidly to the resource. Deposits in the region with currently active open pits have been producing gold economically at grades above 0.30 gram per tonne Au (see Agnico Eagles press release dated Feb. 15, 2024).
Emperor is targeting a multimillion-ounce resource, utilizing a combination of conceptual open-pit and underground mining scenarios. There is no guarantee that further exploration will define a current resource. The property currently hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 grams per tonne Au. The historical mineral resource estimate predates modern Canadian Institute of Mining and Metallurgy (CIM) guidelines and a qualified person on behalf of Emperor has not reviewed or verified the mineral resource estimate, therefore it is considered historical in nature and is reported solely to provide an indication of the magnitude of mineralization that could be present on the property. Emperor is committed to delivering updated and current mineral resource estimate in early Q2 of 2025.
Strategic plan
The 2024 drilling campaign at Emperor’s Duquesne West gold project in Quebec continues to identify extensive low-grade bulk tonnage zones surrounding the previously known high-grade areas. These latest results further solidify the project’s potential and underscore the company’s commitment to unlocking substantial value for its shareholders.
The 2024 season leverages advanced exploration techniques to test several scenarios to add ounces and/or expand the footprint. The reader should be aware that further work is required without any guarantee that success will be realized.
- Explore lower grade discoveries: target additional discoveries within the host rock containing high-grade gold lenses, focusing on the conceptual open-pit model;
- Increase the thickness of the high-grade lenses: incorporate previously unaccounted for lower-grade gold from the margins of high-grade lenses to enhance their overall thickness;
- Expand mineralized zones: extend the lateral footprint of mineralized zones along strike and dip;
- Discover new zones: explore potential new zones not yet included in the conceptual open-pit model, with a particular focus on eastward expansion.
About the Duquesne West gold project
The Duquesne West gold property is located 32 kilometres northwest of the city of Rouyn-Noranda and 10 km east of the town of Duparquet, Que., Canada. The property lies within the historic Duparquet gold mining camp in the southern portion of the Abitibi greenstone belt in the Superior province.
Under an option agreement, Emperor agreed to acquire a 100-per-cent interest in a mineral claim package comprising 38 claims covering approximately 1,389 hectares, located in the Duparquet township of Quebec from Duparquet Assets Ltd., a 50-per-cent-owned subsidiary of Globex Mining Enterprises Inc. For further information on the Duquesne West property and option agreement, see Emperor’s press release dated Oct. 12, 2022, available on SEDAR+. The property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t Au. The historical mineral resource estimate predates modern Canadian Institute of Mining and Metallurgy (CIM) guidelines and a qualified person on behalf of Emperor has not reviewed or verified the mineral resource estimate, therefore it is considered historical in nature and is reported solely to provide an indication of the magnitude of mineralization that could be present on the property. The gold system remains open for resource identification and expansion.
A reinterpretation of the existing geological model was created using AI (artificial intelligence) and machine learning. This model shows the opportunity for additional discovery of ounces by revealing gold trends unknown to previous workers and the potential to expand the resource along significant gold- endowed structural zones.
Multiple scenarios exist to expand additional resources which include:
- Underground high-grade gold;
- Open-pit bulk tonnage gold;
- Underground bulk tonnage gold.
QP (qualified person) disclosure
The technical content for the Duquesne West project in this news release has been reviewed and approved by John Florek, MSc, PGeol, a qualified person pursuant to CIM guidelines. Mr. Florek is in good standing with the Professional Geoscientists of Ontario (member ID:1228) and an employee and officer of the company.
About Emperor Metals Inc.
Emperor Metals is a high-grade gold exploration and development junior mining company focused on Quebec’s Southern Abitibi greenstone belt, leveraging AI-driven exploration techniques. The company is dedicated to unlocking the substantial resource potential of the Duquesne West gold project and the Lac Pelletier project both situated in this Tier 1 mining district.
The company is led by a dynamic group of resource sector professionals who have a strong record of success in evaluating and advancing mining projects from exploration through to production, attracting capital and overcoming adversity to deliver exceptional shareholder value.
We seek Safe Harbor.
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