Empire acquires final stake in Yuinmery
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Monday, 19 May, 2008 - 10:52
Perth based explorer, Empire Resources, has purchased the remaining 10 per cent stake that it did not own of the Yuinmery copper-gold project for $150,000, completing its second acquisition in as many weeks.
Empire commenced 2008 with a 75 per cent stake in Yuinmery, but acquired a 90 per cent interest under a growth strategy which earlier this month saw the Company fully acquire 100 per cent ownership of the high grade Penny's Find gold project near Kalgoorlie.
The latest acquisition covers all five tenements within the Yuinmery project and over which Empire currently has a resource drilling program underway.
This campaign of 2,500 metres of Reverse Circulation drilling is centred primarily around the highly promising Just Desserts Prospect
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