Sunday, October 1st 2023

Empire Metals Ltd

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Global opportunities now for Empire Metals
“…From Georgia to Australia to Mexico. The Empire really is expanding…”

When Mike Struthers took over as chief executive of Empire Metals Limited two and a half years ago the company had a different name and a singular focus.

During his tenure Georgian Mining Corporation has become Empire Metals and the ambitions to get Georgian opportunities into production continued to be thwarted by permitting battles with the ruling parties.

So instead of resignation Struthers took a pragmatic approach. Don’t lose sight of the Georgian ambition, don’t lose sight of what the management does best and don’t put the corporate eggs in one geographic basket.

Struthers is now negotiating the sale of the Georgian assets to TSX Venture Exchange listed Candelaria Mining Corporation.  If the deal goes through he remains in a non director executive role at Empire, takes the reins at Mexico-exposed Candelaria, ensures that if the Georgian opportunity comes good Empire shareholders benefit and the once singular focus serves as the de-risking bedrock for a multinational company canny about relative small targets with high grade resource potential.

With today’s news also of the announcing of the first reverse circulation drilling assay results at the Eclipse Gold Project, located 55km north-east of Kalgoorlie shareholders have a lot to look forward to.

Struthers said: “These first results from the RC programme are encouraging. The drill programme at the Eclipse deposit itself is now nearing completion and we look forward to publishing further assay results and geological details as they become available. It will also be very interesting to see what we find from the first drilling at the Houdini target, which should commence shortly.”

Listen to Mike tell Sarah Lowther why decisions being made in November and February will shape and define the company’s future, and why he’s excited about the option at Eclipse in Western Australia which is experiencing a mini Gold rush.

Click here to read the RNS that Mike references regarding the sale of the Georgian assets to Candelaria

Candelaria Mining is a Canadian-based gold development and exploration company with a portfolio of highly prospective projects in Mexico. It currently owns 100% of Caballo Blanco Project and the Pinos Gold Project.

The author was remunerated but does not hold shares in the company