Duquesne West

OVERVIEW

The flagship Duquesne West Gold Property is located 32 km northwest of the city of Rouyn-Noranda and 10 km east of the town of Duparquet. The property lies within the historic Duparquet gold mining camp in the southern portion of the Abitibi Greenstone Belt and is a high-grade Archean Lode Gold Deposit.

The project is close to a highway that leads to Rouyn-Noranda International Airport, has access to a local power supply, and has year-round maintained road access.

Duquesne West hosts a historical inferred mineral resource estimate of 727,000 ounces of gold in 4.17 million tonnes of material grading 5.42 g/t gold.  The resource is distributed across eight zones, with the majority occurring in two zones, Fox and Liz.  The resource is a greenstone-hosted mesothermal vein system, which occurs throughout the Abitibi gold belt.  

PHASE I DRILLING

The May 2023 Phase I drill program focused on delineating and growing the resource towards development. A total of 5,500 meters of the planned +8,000 metres have been completed to date.

Initial assays from the summer campaign were released in September. Highlights include

• 11.7m of 5.6 g/t Au, including 5.8m of 8.0 g/t Au in DQ23- 0

 • Partial assays for holes DQ23-01 and DQ23-02 have increased confidence to add ounces

• Potential to grow the Historical Resource of 727,000 ounces of gold at a grade of 5.42 g/t Au

• The grade and thickness seen in DQ23-01 exceed the average thickness and grade of the deposit, exhibiting bulk minable widths and grade continuity within the zone and with other intercepts of mineralization, which suggests there may be potential for future mining

 

Project Location - Abitibi Belt 

Dusquesne West Location Map

OPTION AGREEMENT

Emperor Metals has the option to acquire 100% ownership of the project from Globex Mining. The earn-in requires $10 million in payments, 15 million shares and $12 million in exploration expenditures over five years.