Shares in the company spiked nearly 30% yesterday to close the day at $0.09, down just slightly from an intraday high of $0.093.
Empire's primary focus is the advanced Yuinmery project, in Western Australia's Archaean Youanmi Greenstone Belt, which hosts a JORC Resource of 1.07 million tonnes at 1.82% copper and 0.78 grams per tonne (g/t) gold in the Just Desserts prospect.
Drilling at the A Zone prospect in recent months has continued to extend copper gold mineralisation.
David Sargeant, managing director of Empire Resources, told Proactive Investors earlier in the year that the company is aiming to reach the required threshold to move into analysis and Feasibility stage in 2012.
In addition to Yuinmery, Empire has been exploring at the Wynne Copper Project in Western Australia's Gascoyne Region.
Earlier this month Empire returned shallow visible secondary copper mineralisation from the first hole of a nine hole reverse circulation drilling program at Wynne.
A visual estimate of the intersection indicated that it contained about 1 metre at up to 50% copper from 5 metres.
This mineralisation could represent an enriched zone above a primary source, which has not yet been identified.
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