Resource Estimate
Emperor clarifies historical figures in Oct. 30 NR

AUOZ · Price
Executive Summary
- Emperor Metals Inc. issued a clarification and correction to its news release dated October 30, 2025, regarding the Duquesne West gold project.
- The company corrected an inadvertent reference to historical underground resource data, replacing it with the correct updated combined open-pit and underground inferred mineral resource estimate.
- The correction also adjusted the stated percentage increase in the resource from "104-per-cent" to "over 100 per cent."
Key Details
- Corrected Resource Estimate: The release now correctly references the updated combined open-pit and underground inferred mineral resource estimate of 1.46 million ounces of gold at an average grade of 1.69 g/t Au.
- Previous Error: The October 30, 2025 release inadvertently cited the historical average grade of 5.42 grams per tonne gold corresponding to a historical underground resource estimate of 727,000 ounces of gold.
- Source of Correct Data: The correct figures align with those reported by Emperor Metals on July 9, 2025.
- Percentage Increase Correction: The previously stated "104-per-cent increase" in the resource from the historical estimate to the updated estimate has been corrected to read as an increase of over 100 per cent.
- Project Location: The Duquesne West gold project is located in the Tier 1 jurisdiction of Rouyn-Noranda, Quebec.
Notable Quotes
- "Emperor apologizes for any confusion this may have caused, and appreciates the understanding of its shareholders and stakeholders."
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