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.
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. For more details on the announcement, visit https://ibn.fm/fJp54. The resource increase is important because it demonstrates the project's viability and potential for economic extraction, which could attract further investment and development in a region known for its mineral wealth. The timing is particularly notable given favorable market conditions for gold, enhancing the project's strategic value. The planned drilling campaign aims to build on this momentum, potentially leading to a more robust resource base that supports long-term mining operations. This advancement contributes to the broader mining sector in Quebec, reinforcing its status as a key jurisdiction for gold exploration and production.
