Upcoming Drilling Season Upcoming Drilling Season:
Emperor is fully funded for a 5,000 meter drilling program to begin in Q2 of 2024. These 2023 results will now be used to refine our A.I. models which will aid in targeting in the 2024 drill season. Our strategy is still focused on evaluation of increasing potential ounces for a later mineral resource update. Most of our work for 2024 will be concentrated on the open pit concept; we see potential to add ounces cost effectively by expanding the footprint and/or adding incremental ounces to this conceptual open pit. This should expeditiously enhance our inferred ounce profile.
Emperor is also sampling near-surface core from the historical core library that was not assayed by previous explorers. Up to 70% of this core has not been assayed. So far, over 3,000 meters have been sampled. This is a huge benefit to shareholders to get this additional data without drilling and saving on capital and share dilution.
Our recent financing of an additional 2.2 million dollars was opened due to investor demand. Half of this financing was taken by Robert McEwen who is an industry leader and now strategic partner. His endorsement validates our innovative approach, gives confidence to the overall program and has highlighted emphatically that we share a vision for the applications of A.I. and Machine Learning