Artificial intelligence is reshaping the mining industry and Emperor Metals (CSE:AUOZ; OTCQB: EMAUF) is one such company capitalizing on the technology’s unprecedented impact in the sector.
Headquartered out of Vancouver, Emperor Metals is focused on advancing the Duquesne West Gold Project in Quebec. The Duquesne West Gold property sits within the Duparquet gold mining camp in the southern region of the Abitibi Greenstone Belt.
In December, the company announced additional assay results from its summer 2023 drilling campaign at the Duquesne West Gold Project where a total of 14 diamond drillholes and ~8,579m were completed.
Emperor Metals intersects near-surface mineralization
Notably, the company said hole DQ23-09 intersected 13.2 metres of 3.8 grams per ton (g/t) gold, including 5.6 metres of 7.5 g/t gold in DQ23-09. Drilling also confirmed Phase 1 open-pit potential.
“With the recent development of identifying the open pit potential on the property, holes DQ23-09 to 14 targeted the strategic vision to expand the Phase 1 open pit potential. DQ23-09 confirms that these high-grade lenses seen at depth are expressed at surface and could make very attractive stockpiles for delivery to nearby mills,” CEO John Florek said in a statement.
According to Florek, only 30 per cent of thecore from historical drilling was sampled at surface by previous owners of the property who didn’t examine additional lower-grade bulk tonnage material crucial to the stripping ratio.
As a result of recent work done, over 3,000 metres of additional sampling will be sent out for assays while sampling of historical core is ongoing. Hole DQ23-06 expands the mineralization by an additional 0.55 kilometres along strike and plunge and in an area where there has been very little drilling. Because of this, this area has the potential to add significant ounces to this deposit.
About the Duquesne West Gold Project
Located 32 kilometres northwest of Rouyn-Noranda and 10 kilometres east of Duparquet in Quebec, the Duquesne property is located within the historic Duparquet gold mining camp.
Under an option agreement, Emperor Metals has an opportunity to acquire a 100 per cent interest in a mineral claim package made up of 38 claims spanning 1,389 hectares in the Duparquet Township of Quebec from Duparquet Assets, which is a 50 per cent owned subsidiary of Globex Mining Enterprises (TSX:GMX).
The property also hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t gold.*
*Power-Fardy and Breede, 2011. The Mineral Resource Estimate (MRE) constructed in 2011 is considered historical in nature as it was constructed prior to the most recent Canadian Institute of Mining and Metallurgy (CIM) standards (2014) and guidelines (2019) for mineral resources. In addition, the economic factors used to demonstrate reasonable prospects of eventual economic extraction for the MRE have changed since 2011. A qualified person has not done sufficient work to consider the MRE as current. Emperor is not treating the historical MRE as current. The reader is cautioned not to treat it, or any part of it, as a current MRE.
Image credit: Emperor Metals
When it comes to the use of artificial intelligence, the company’s AI models can identify and finalize preliminary targets. With its AI model, the mineralized model and the geological model, Emperor Metals can better understand the factors that influence high-grade mineralization.
Emperor Metals in the news
In addition to its recent update on its flagship project, Emperor Metals announced its shares are now listed in the U.S. on the OTCQB under the symbol EMAUF, where North American and international investors can find real-time level 2 quotes.
“This initiative will enable shareholders to benefit from the growing market interest in gold and the Duquesne West Gold Project from U.S.-based retail and institutional investors as we continue our Advanced AI-Assisted exploration strategy to define a modern Mineral Resource Estimate (MRE). Our new OTCQB listing with DTC eligibility now provides exemptions from U.S. state securities laws or ‘Blue Sky’ exemptions which will enable U.S.-based investment advisors to research and recommend investment in Emperor,” Florek said in a statement.
The investment opportunity
Emperor Metals is currently the only junior mining company leveraging the use of artificial intelligence, giving it a leg up when compared to its peers in the space.
In line with this, its flagship property is also a high-grade gold deposit with the potential to have “robust economics.”
With both of these factors in play, Emperor Metals no doubt provides investors with a unique play in the mining industry.
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