Duquesne West
The flagship Duquesne West Gold Property is located 32 km northwest of the city of Rouyn-Noranda and 10 km east of the town of Duparquet. The property lies within the historic Duparquet gold mining camp in the southern portion of the Abitibi Greenstone Belt and is a high-grade Archean Lode Gold Deposit.
The property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold in 4.17 million tonnes of material grading 5.42 g/t gold. The resource is distributed across eight zones, with the majority occurring in two zones, Fox and Liz. The resource is a greenstone-hosted mesothermal vein system, which occurs throughout the Abitibi gold belt.
Resource confirmation and exploration drilling of up to 10,000m is planned for Q2 2023, which will focus on delineating and growing the resource towards development. To date, over C$20M has been spent on the project with 105,000 m of drilling completed by previous operators.
The project is close to a highway that leads to Rouyn-Noranda International Airport, has access to a local power supply, and has year-round maintained road access.
Emperor Metals has the option to acquire 100% ownership of the project from Globex Mining. The earn-in requires $10 million in payments, 15 million shares and $12 in exploration expenditures over five years.
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