Empire Mining Corporation

Published : November 15th, 2010

Empire Mining Corp.

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Counterparties | Diamond | Gold | Iron | Lead | Molybdenum | Turkey |
 
News Release - Empire Mining Corporation Join our Email List


Drilling Commences to Test Newly Identified Copper-Moly-Gold Target at Bursa Project, Turkey

Vancouver, B.C., November 15, 2010. Empire Mining Corporation (EPC: TSX-V) ("Empire") is pleased to announce that drilling has commenced at its Bursa copper-molybdenum-gold porphyry project in western Turkey. The Bursa Property is situated 120 km south of Istanbul and comprises exploration licenses within a trend of demonstrated copper, molybdenum and gold porphyry systems in Bursa and Kutahya provinces.

There are a number of target areas at Empire's Bursa Project. Previous work conducted mostly by Rio Tinto was concentrated in two of these areas, Karapinar and Gurculer. Drilling at Karapinar by Rio Tinto, and in 2008 by Empire Mining intercepted thick intervals of copper mineralized porphyry with significant molybdenum and gold over a surface area of approximately 600 by 650 metres. See 2008 press release at the following link:

http://www.empireminingcorp.com/s/NewsReleases.asp?ReportID=326871

The current drilling will consist of up to 1,000 metres of Diamond drilling in up to four holes at a newly-identified target called Demirtepe (Iron Hill) that lies about 6 km to the north of the Karapinar copper porphyry target. A location/target map can be viewed at the following link:

http://www.empireminingcorp.com/i/nr/2010-11-15-bursa-licenses.jpg

The newly identified Demirtepe target is characterised by a wollastonite skarn deposit with diopsite garnet skarn and disseminated copper mineralisation. Copper values from a cluster of scattered outcrop rock chip composite samples range from 0.28% to 1.06% from a number of locations over a 350 by 750 metre area. More scattered samples assayed 0.63 to 2.09 g/t gold. In addition, two samples from the bornite-bearing wollastonite skarn 500 metres south of this cluster assayed 3.88% and 9.26% copper and 2.41 g/t and 1.37 g/t gold respectively. The skarn at Demirtepe is attributed to a blind intrusive body that gives rise to the copper mineralisation.

Soil geochemistry shows widespread copper-gold-molybdenum anomalies over a 1,000 by 1,500 metre area with copper ranging from 124 ppm to 12,050 ppm and gold from 10 ppb to 1.24 g/t. The IP/Resistivity survey shows an anomaly at about 100 to 150 metres depth lying between the geochemistry clusters that could be attributed to a blind porphyry system.

In addition, a recently completed 13.6 line kilometre magnetic survey has identified two magnetic highs that coincide with the copper-molybdenum soil anomaly. The relationship between copper-gold and copper-molybdenum soil anomalies and the separate magnetic highs could be interpreted as representing more than one porphyry-related mineralising event. The drill-holes are aimed at attributing the soil geochemical and geophysical anomalies to a porphyry/skarn source. Drill hole locations at Demirtepe relative to geology and geochemistry, and the IP/Resistivity and Mag geophysical results can be viewed at the following link:

http://www.empireminingcorp.com/i/nr/2010-11-15-maps.pdf

Empire can earn a 65% interest in the Bursa project by delivering a pre-feasibility study to Anatolia Minerals, the operator, by September 2013.

Empire's Qualified Person, David C. Cliff, BSc (Hons), MIMMM, C Eng, FGS, also Empire's President & CEO, has reviewed and approved the content of this news release.

ON BEHALF OF THE BOARD,

Robert Giustra
Chairman

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information contact:

Investor Relations
(604) 638-3474, or
1 888 818-1364
info@empireminingcorp.com

For more information on Empire go to: www.empireminingcorp.com Join our Email List

This release contains forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"), respecting Empire Mining's exploration plans. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by the forward-looking statements, including without limitation the ability to acquire necessary permits and other authorizations; obtaining TSX Venture Exchange and other regulatory approvals; environmental compliance; weather risks; cost increases; availability of qualified workers; availability of equipment; competition for mining properties; ability to convert exploration permits into development permits; risks associated with exploration projects, mineral reserve and resource estimates (including the risk of assumption and methodology errors); dependence on third parties for services; non-performance by contractual counterparties; title risks; and general business and economic conditions. There is no assurance that the Bursa Project will lead to a NI 43-101 resource, nor that future drilling will be desirable or conducted on the property. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about: general business and economic conditions; favourable weather conditions; the timing and receipt of required approvals; availability of financing; ability to obtain required approvals including without limitation those of the TSX Venture Exchange; ability to locate applicable exemptions from securities law and policy respecting prospectus and registration requirements; power prices; ability to procure equipment and supplies; and ongoing relations with employees, partners and joint venturers. The foregoing list is not exhaustive and we undertake no obligation to update any of the foregoing except as required by law.


You are subscribed to this mailing list as .com. Please click here to modify your message preferences or to unsubscribe from any future mailings. We will respect all unsubscribe requests.


Data and Statistics for these countries : Turkey | All
Gold and Silver Prices for these countries : Turkey | All

Empire Mining Corporation

EXPLORATION STAGE
CODE : EPC.V
ISIN : CA19890A1003
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Empire Mining is a exploration company based in Canada.

Empire Mining holds various exploration projects in Serbia, in Serbia and montenegro and in Turkey.

Its main exploration properties are BULQIZA in Albania, NEVLJE in Serbia and montenegro, POVLEN in Serbia and BURSA in Turkey.

Empire Mining is listed in Canada. Its market capitalisation is CA$ 13.5 millions as of today (US$ 12.6 millions, € 9.3 millions).

Its stock quote reached its highest recent level on January 21, 2011 at CA$ 0.72, and its lowest recent point on May 17, 2013 at CA$ 0.04.

Empire Mining has 93 348 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Empire Mining Corporation
9/6/2012Completes First Tranche of Private Placement
8/14/2008Announces Closing of Private Placement; Sprott and Passport ...
3/14/2008Announces Private Placement
7/23/2007Closes Non-Brokered Private Placement
Nominations of Empire Mining Corporation
2/4/2008Appoints David Cliff as President and CEO, Director
Project news of Empire Mining Corporation
9/23/2011(Bulqiza)Cabo Drilling Corp. Awarded Second Underground Drilling Cont...
5/9/2011(Bursa)7.77% Copper, 3.02 g/t Gold and 116 g/t Silver Intersected O...
4/14/2011Invite - Empire Mining - Chicago Resource Expo
2/28/2011(Povlen)Acquires Licence Over Copper-Cobalt-Zinc Deposits in Serbia
11/6/2008(Bursa)Outlines Significant Porphyry Copper Mineralization in Drill...
11/4/2008(Nevlje)Awarded Second Exploration License in Serbia
7/10/2008(Bursa)Drilling Commences at Bursa Copper Porphyry Project, Turkey
Corporate news of Empire Mining Corporation
3/26/2013Columbus Copper
1/17/2013Columbus Copper
1/9/2013Empire Mining Corp.
11/6/2012Empire Mining Corp.
11/6/2012Albanian Chromite Licenses Formally Returned to Empire
10/30/2012Empire Mining Corp.
10/30/2012Drilling Commences at Empire's Karapinar Copper Porphyry Pro...
10/24/2012Empire Mining Corp.
10/2/2012Empire Mining Corp.
10/2/2012(Nevlje)Nevlje Project in Serbia Hosts Intense Magnetic Anomaly Sout...
7/3/2012Empire Mining Corp.
3/29/2012Empire Mining Corp.
12/16/2011Empire Mining Corp.
9/26/2011Empire Mining Corp.
9/22/2011Empire Mining Corp.
9/21/2011Empire Mining Corp.
9/20/2011Empire Mining Corp.
9/13/2011Empire Mining Corp.
9/1/2011Empire Mining Corp.
8/30/2011Empire Mining Corp.
8/23/2011Empire Mining Corp.
7/14/2011(Bulqiza)Drilling at Empire Mining's Bulqiza Chromite Project Interse...
5/18/2011Empire Mining Corp.
5/9/2011Empire Mining Corp.
4/19/2011Empire Mining Corp.
4/15/2011Empire Mining Corp.
4/14/2011Empire Mining Corp.
2/26/2009Awarded Exploration Licenses at its Bulqiza Chromite Project...
11/10/2008Management Team
8/19/2008Empire Awarded Strategic Exploration License in Serbia
5/21/2008Acquires Significant Chromite Exploration Project in Albania
11/9/2007Completes Qualifying Transaction
9/18/2007Announces Qualifying Transaction
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (EPC.V)
0.145+0.00%
TSX-V
CA$ 0.145
06/23 15:50 -
0%
Prev close Open
0.145 -
Low High
0.145 0.145
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.145 -%
Volume 1 month var.
0 -%
24hGold TrendPower© : -21
Produces
Develops
Explores for Chromium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :