Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA:9NH) has announced a substantial increase in the estimated gold resources at its Duquesne West Gold Project in Quebec, with the initial Mineral Resource Estimate (MRE) revealing a 104% increase over historical figures. The 2025 Duquesne West MRE details an Inferred Mineral Resource of 26.9 million tonnes grading 1.69 g/t gold, totaling 1.460 million ounces. This development marks a significant milestone for the company, with 44% of the resource suitable for open-pit extraction and 56% for underground mining.
The company's exploration efforts have yielded high-grade intercepts, including a notable 22.7 meters at 35.2 g/t gold, underscoring the project's potential. Emperor Metals plans a summer drill campaign of 8,000 to 10,000 meters to further expand the resource, aiming to exceed two million ounces by 2025. CEO John Florek highlighted the discovery cost of $7 per ounce as a testament to the project's capital efficiency, especially relevant in the current context of strong gold prices.
This announcement is crucial for investors and the mining industry, as it demonstrates Emperor Metals' ability to efficiently discover and develop gold resources. The expansion of the Duquesne West Gold Project's resource estimate could have significant implications for the company's valuation and the broader gold market, offering insights into the potential for new gold discoveries in the Canadian Shield.
