ACN 092 471 513 26 November 2012 ASX Release EMPIRE IMMEDIATELY DOUBLES LAND HOLDING IN W.A.GOLD PROVINCE, EAST OF LAVERTON Perth copper-gold explorer Empire Resources Limited is pleased to advise that the Company has moved immediately to more than double the size of its exploration acreage in the newly discovered Point Kidman gold domain 40 kilometres east of Laverton in Western Australia. The decision by Empire to apply for additional tenements to take its Point Kidman acreage to a total of 780 km² follows new structural studies over the area after the recent discovery of abundant surface gold nuggets spread over a 2.5 km long zone. As a result of this initial structural study, Empire has applied for four new exploration licences covering an area of approximately 310 km². The new ELs are contiguous with Empire s original six exploration licences at Point Kidman, an area the Company says is structurally favourable for hosting large gold deposits as evidenced by the association of surface nuggets with major fault structures in the area. Empire (ASX: ERL ) announced in its September 2012 quarterly report to the ASX that it had acquired an initial 80% interest in the Point Kidman gold project, part of one of Western Australia s most prolific gold provinces. Empire Managing Director, Mr David Sargeant: The acquisition of the four additional Point Kidman ELs further adds to Empire s significant suite of copper-gold and gold projects located throughout Western Australia including our advanced high grade Yuinmery copper-gold and Penny s Find gold projects. Our enlarged exploration footprint at Point Kidman, including the newly discovered 2.5 kilometre long nugget zone, overlies possible granite hosted gold mineralisation a style similar to the Laverton Belt s Granny Smith gold mine, a large gold deposit partially located within granite, 50 km to the southwest of Point Kidman. The surface nuggets were located on an extensional fault line where dolerite dykes have also been intruded and the pattern of faults shown in Figure 3 closely matches the classic Reidal model used to predict favourable structural locations for finding gold deposits.
Importantly, the surface gold nuggets were both numerous and spread over a very large 2.5 km long zone exhibiting extensive quartz vein swarms and stockworks hosted by leached and weathered granite - with many of the veins showing limonitegoethite staining after sulphides. In addition, extensive soil sampling undertaken by the tenement holders around the area of the nugget discoveries has outlined a number of other gold and supporting pathfinder metal anomalies in the immediate vicinity. Significantly from Empire s point of view, this new gold zone is in an area where there are no historical gold workings or previous exploration drilling although the Laverton region is one of the best gold endowed areas within the Yilgarn Craton. Figure 1 : Gold nuggets found at Point Kidman ($2 coin for scale) The Laverton region has produced in excess of 28 million ounces of gold since the 1890s including world-class gold discoveries such as the Sunrise Dam, Granny Smith and Wallaby mines. This total is being added to by the newly established Garden Well and Moolart Well mines to the north of Point Kidman. Empire is currently planning a detailed aeromagnetic and structural study to be undertaken over the New Year on its Point Kidman acreage prior to confirming an initial drilling schedule.
DAVID SARGEANT MANAGING DIRECTOR November 2012 For further information on the Company, visit www.resourcesempire.com.au David Sargeant Managing Director Phone: +61 8 9361 3100 Adrian Jessup Executive Director Phone: +61 8 9361 3100 Figure 2 : Point Kidman - Quartz vein stockwork in weathered granite
Figure 3
Figure 4 Geological map and tenement outline Figure 5 : Reidal Shear Model The double line structure (along the axis of maximum compression) is where maximum dilation occurs and is a common site for gold mineralization to develop
Figure 6 : Original Point Kidman tenements overlaid on regional magnetic Figure 7 : Point Kidman landscape