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 Phase I drill program focused on delineating and growing the resource towards development. A total of 8,579 m completed with assays from holes 8 & 10-14 still pending.
Initial highlights include
• 10.8 m of 15.8 g/t Au
• 11.7 m of 5.63 g/t Au
• 10.65 m of 3.97 g/t Au
The company is funded for a 5,000 m drilling program expected to begin in Q1/Q2 2024, focusing primarily on reducing the stripping ratio and continuing to build ounces within the open pit model.
Project Location - Abitibi Belt
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.
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