April 26, 2011 TSXV – EPM
Shares Issued and Outstanding: 8,465,933
Empire Capital Corp (TSXV-EPM) (the “Corporation” or “Empire”) is pleased to report preliminary results from its soil sampling program on its Wings Point Gold Project in Newfoundland.
During February of this year, Empire completed a 13-line kilometre geophysical survey which identified two significantly large anomalies that are coincident with known gold mineralization exposed in the bottom of an operating gravel pit. A soil sampling program has now been carried out over the same grid to determine if soil sampling would be an effective exploration tool in this area and to determine if gold-in-soil geochemistry would provide further evidence of the significance of the geophysical anomalies. The geophysical grid is composed of 200 metre spaced lines over a strike length of 1600 metres, with the grid centred on known gold zones in the gravel pit.
To date, soil results from two of the nine lines have been received. These initial results show a slightly elevated gold-in-soil anomaly on line L400 coincident with the Western Geophysical Anomaly. The gold-in-soil anomaly on this line is near the southern end of the grid, where the Corporation did not have any surface samples as the area is covered in glacial till and vegetation. This soil anomaly is 400 metres to the southwest from the nearest known gold in bedrock zone and where the Corporation sampled up to 6.92 g/t gold from a grab sample. Soil sampling along this line also identified another area of interest. Further to the south, along this line two soil samples near an unexplained geophysical anomaly showed slightly elevated gold. This geophysical anomaly is now a significant target and will be known as the Third Geophysical Anomaly.
The second soil line completed was on line L800 and it crossed both the Eastern and Western Geophysical Anomalies. Over the Western Geophysical Anomaly one coincident soil sample showed slightly elevated gold. None of the samples over the Eastern Geophysical Anomaly showed elevated gold, however, this anomaly for the most part, based on the induced polarization geophysical data, appears to be about 30 metres below the surface at that location.
Terry Christopher, President and CEO comments “During our soil sampling program it was determined that the soil development in this area is poor, and most of our samples were glacial till or a mix of till and soil, which is not the medium of choice for this type of survey. Despite the poor soil development, a coincident gold-in-‘soil’ anomaly was identified with the Western Geophysical Anomaly. This soil anomaly is 400 metres to the southwest of the nearest bedrock gold zone so this information adds critical data to our geophysical target as we move it to the drill stage. In addition, our February geophysical survey identified a number of areas that looked interesting but in areas where little was known, and now with this soil data we have a third geophysical target that we will be drill testing.”
A map of the geophysical anomalies and soil geochemistry can be found on the Wings Point Gold Project webpage at http://zonte.norex.ca/projects/wings-point/.
About Empire
Empire Capital Corp. is a junior explorer focused on gold. Our model is find targets that have large scale gold potential 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
zonte.norex.ca
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