Emperor Metals Renews Option on Duquesne West Gold Project: A Strategic Move for Growth

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) has made a strategic move by renewing its option on the Duquesne West Gold Project in Quebec, Canada. The company paid a second year's option payment of $500,000 in cash and issued 3,671,569 common shares of Emperor equivalent to $300,000 based on a 20-day volume weighted average price. This renewal demonstrates Emperor's commitment to exploring and developing the high-grade Archean Lode Gold Deposit located within the historic Duparquet gold mining camp in the southern portion of the Abitibi Greenstone Belt.

The Duquesne West Gold Project hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t Au. This significant resource base, combined with the project's strategic location near infrastructure such as a highway, local power supply, and year-round maintained road access, positions Emperor Metals well for future growth and success in the mining industry.

Emperor's ongoing strategy of evaluating opportunities to increase potential ounces in preparation for a future mineral resource update is a key aspect of its long-term growth strategy. The 2024 drilling program, which is focused on the open-pit concept, aims to expand the footprint of high-grade lenses within and outside the open-pit shells, as well as define lower-grade bulk-tonnage incremental ounces in the host rock within the open-pit shell. This approach allows the company to target near-surface drilling for open-pit mining, which can economically expand its resource base at lower grades compared to underground mining.

The renewal of the option on the Duquesne West Gold Project is a crucial step in Emperor Metals' long-term growth strategy in the mining sector. The project's high-grade gold deposit, strategic location, and the company's focused exploration and development efforts position Emperor Metals well for future growth and success in the mining industry.