Empire Resources begins high grade ore processing

January 01, 1970 / finfeed.com / Article Link

Empire Resources Ltd (ASX:ERL) hasprovided an update on its progress at the Penny's Find Gold Mine.

The Penny's Find Joint Venture (PFJV)has now commenced its fourth toll treatment campaign at the Lakewood Milllocated on the outskirts of Kalgoorlie-Boulder in Western Australia.

ERL has indicated that the latest tollcampaign will process some 28,000 tonnesof high grade ore from the open pit at Lakewood.

Once the Perth Mint and millreconciliations have been finalised, ERL will release a final processingsummary for the current treatment campaign in May.

The company also expects to finalise aProject Management Plan and underground reserve statement for the campaign bythe end of this month.

Previous toll campaigns on site havereturned pleasing results, with the third treatment campaign returning anaverage calculated head grade of 6.03g/t gold.

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Overall this is an earlystage play and as such any investment decision should be made with caution andprofessional financial advice should be sought.

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