DATE May 25, 2011 TSXV:EPM
Shares Issued and Outstanding: 8,465,933
Empire Capital Corp (TSXV-EPM) (the “Corporation” or “Empire”) is pleased to report on the remaining results from its soil sampling program on its Wings Point Gold Project in Newfoundland.
Previously, the Corporation identified several large induced polarization (IP) geophysical anomalies coincident with known gold bedrock mineralization striking through an operating gravel pit. A soil sampling program was carried out to determine if soil anomalies would be coincident with the IP geophysical anomalies and if soil sampling could be an exploration tool throughout the property area.
On April 26, 2011, the Corporation announced initial soil sampling data which illustrated a spatial correlation of gold-in-soil anomalies with known geophysical anomalies. The remaining soil data has been received and additional soil anomalies have been identified coincident with both known bedrock mineralization and IP geophysical anomalies. The newest data is showing strong arsenic-in-soil anomalies coincident with known gold-in-bedrock, especially with the Eastern Geophysical Anomaly and eastern bedrock gold zone. Gold in bedrock is strongly associated with both pyrite and arsenopyrite mineralization, thus the correlation of arsenic in soils with known bedrock gold is expected. Values of arsenic in soils over this anomaly reached a high of 3922 ppm, with six samples above 1000 ppm, and 15 samples above 100 ppm. Gold-in-soil anomalies were not as strong even though samples were taken above or near known bedrock gold, suggesting arsenic is more effective for identifying targets.
The soil data over the area the Corporation has been calling the Eastern Geophysical Anomaly may in fact be two closely spaced and parallel IP geophysical anomalies. In late 2010 and early 2011 Empire completed a rock sampling program and identified a zone of bedrock gold with a strike length of 680 metres. Rock exposure was sporadic and the initial rock sampling program was believed to have come from one zone, which was named the Eastern Zone. The new soil data in combination with the geophysical data and recent mapping in the gravel pit, however, suggests there most likely are two closely spaced IP geophysical anomalies in what is called the Eastern Geophysical Anomaly. These zones, based on the combined soil and geophysical data, show one anomaly having a strike length of 600 to 700 metres and a width of 100 to 120 metres, with the target, for the most part, lying about 30 metres below surface. The second anomaly, which is more difficult to discern in the geophysical data set but is well defined by arsenic-in-soils, appears to have a strike length of 600 to 700 metres and a width between 70 and 100 metres.
The Western Geophysical Anomaly also has slightly elevated levels of both gold and arsenic-in- soils in several areas, although not as pronounced as observed at the Eastern Geophysical Anomaly. A trenching program, which is presently in progress, has shown glacial till to be greater than 20 feet thick over certain areas of the Western Geophysical Anomaly making soil sampling much less effective for identifying soil anomalies associated with the underlying bedrock.
Terry Christopher, President and CEO comments “In short the soil program was successful in producing gold and or arsenic soil anomalies over the main IP geophysical anomalies. The possibility that the Eastern Geophysical Anomaly could be two parallel zones is encouraging, especially since bedrock exposure in those areas is much greater than anywhere else and where gold mineralization has been identified in bedrock. A trenching program is ongoing and that data will provide us with the necessary data to select drill targets for the upcoming drill program.”
On May 25, 2011 Empire terminated its option agreement dated July 20, 2010 with Eastland Management Limited for the 12 Otter mineral claims located near Princeton, British Columbia. Empire will focus its exploration on the Wings Point Gold Project.
About Empire
Empire Capital Corp. is a junior explorer focused on gold. Our model is find targets that have large scale potential for gold deposits and to that end the Corporation has been reviewing opportunities in Canada, USA, Africa and South America.
Forward-Looking Information
This news release contains forward-looking statements which include statements regarding the Corporation’s future plans, as well as statements regarding financial and business prospects and the Corporation’s future plans, objectives or economic performance and financial outlooks. The Corporation believes that the expectations reflected in this news release are reasonable but actual results may be affected by a variety of variables and may be materially different from the results or events predicted in the forward-looking statements. Readers are therefore cautioned not to place undue reliance on these forward-looking statements.
There can be no assurance that the exploration program will identify any priority targets. The actual results and future events could differ materially from those anticipated in this news release. The time frames identified to work programs and other activities may vary significantly from actual completion of the proposed work programs.
In evaluating forward-looking statements readers should consider the risk factors which could cause actual results or events to differ materially from those indicated by such forward-looking statements. These forward-looking statements are made as of the date hereof, and unless otherwise required by applicable securities laws, the Corporation does not intend nor does it undertake any obligation to update or revise any forward-looking statements.
This news release has been reviewed and approved by Dean Fraser, P.Geol, and a “qualified person” under National Instrument 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
For further information contact:
Terry Christopher
CEO and President
408 – 1550 Bedford Highway,
Bedford, NS,
B4A 1E6
Tel: (902) 405-3520
info@zonte.norex.ca
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