viewEmpire Metals Ltd

Noricum Gold restarts Schonberg soil sampling programme


Noricum Gold (LON:NMG) said it has restarted its soil sampling and geochemistry programme at its Schonberg gold and precious metals project in Austria.

The campaign was halted in late December due to the weather.

It was designed to test the “extent and continuity” of the mineralisation present at surface in the eight parallel veins that are part of a three kilometre structural corridor.

The plan is to take up to 1,000 close space follow-up samples from the Weissenbachgraben and Adlitzgraben areas, while Noricum plans some infill work at nearby Brunngraben.

High-grade gold and copper have already been identified from 500 samples at Brunngraben, including 2.48 parts per million (ppm) of gold and 8,640ppm, or 0.86% copper.

The results of this programme will be used to design a first-phase drill campaign at Schonberg.

Managing director Greg Kuenzel said: "We're pleased to report that our soil sampling programme at Schonberg has now recommenced.

“The programme, which was started late last year, identified a number of high order gold and copper anomalies, emphasising the prospectivity of this project.

“Having already tested Brunngraben, we will now collect up to a further 1,000 samples, mostly from the Weissenbachgraben and Adlitzgraben areas.  Subject to planning consents, we would look to drill this target area during the summer months.

“There is the possibility to re-configure our current budget to allow for some initial holes at Schonberg, although a more comprehensive drilling campaign may be considered if the justification and value accretive potential was strong enough.

“Elsewhere in our portfolio of Austrian projects, we are currently compiling a resource at the previously producing Rotgulden gold project based on the high grade drilling results gained in 2014."

Quick facts: Empire Metals Ltd

Price: 2.215 GBX

Market: AIM
Market Cap: £4.29 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Smart Metering Systems boss expects to be at the forefront of UK's zero...

Smart Metering Systems PLC's (LON:SMS) chief executive Alan Foy says it has £76mln indexed linked annualised recurring revenues on the books with at least an additional £40mln in waiting when it converts its minimum secured order book of 2mln to smart meters. Foy explains that the company gets...

1 hour, 36 minutes ago

2 min read