Vancouver, B.C., November 15, 2010. Empire Mining Corporation (EPC: TSX-V
") 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:
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:
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:
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
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For more information contact:
604-638-3474 or 1-888-818-1364
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 the Empire's transactions with Anglo-Pacific. 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 complete the transactions with Anglo-Pacific; Anglo-Pacific's willingness to complete the transactions described herein; the ability to acquire necessary permits and other authorizations; ability to obtain approval of the TSX Venture Exchange; ability to locate applicable securities exemptions; 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. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about: the ability to locate applicable securities exemptions; the willingness of the Company and Anglo-Pacific to complete the transactions described in this news release; general business and economic conditions; the timing and receipt of required approvals; availability of financing; 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.