Empire Options High Yukon Gold Property With Historical High-Grade Drill Intercepts

VANCOUVER, British Columbia, June 23, 2020 (GLOBE NEWSWIRE) -- Empire Metals Corp. (TSX.V-EP) has entered into an agreement to acquire a controlling interest in the Bikini Gold Project located in the well-known, gold-rich Mayo Mining District, Yukon Territory, Canada.

The area has seen significant regional and property level exploration activity for gold mineralization both prior to and since the recognition of 90 million year Tombstone Suite intrusions as significant vectors to Intrusive Related Gold Systems across central Yukon and Alaska.

Historical data reported on previous exploration and drilling at the Bikini Gold Project include hole AS-3 where samples noted gold as “visible particles” in one zone in the diamond drill core.  Assays of that drill core include two five foot sections of 76.90 grams of gold per tonne (or 2.24 ounces per ton gold) and 26.67 grams of gold per tonne (or 0.78 oz/ton gold).  These assays are part of a larger interval of 2.09 grams of gold per tonne over 96.0 meters between 225.6 m to 321.6 m.

Reported historical diamond drilling result particulars from the Yukon Assessment Report also include:

					Grade
	Hole #	From	To	Interval	Gold (g/t)	Silver (g/t)
	AS-96-01	245 ft	395 ft	150 ft	0.19	5.14
		74.7 m	105.2 m	45.7 m
	including	245 ft	345 ft	100 ft	0.13	7
		74.7 m	105.2 m	30.5 m
	AS-96-02	270 ft	455 ft	185 ft	0.18	0.04
		82.3 m	138.7 m	56.4 m
	AS-96-03	290 ft	1190 ft	900 ft	0.81	1.34
		88.4 m	362.7 m	274.3 m
	including	740 ft	1055 ft	315 ft	2.09	1.78
		225.6 m	321.3 m	96.0 m

The historical data reported here is believed reliable and accurate but predates National Instrument 43-101. The qualified person has reviewed all reports from the area and has reported on historical results and data collected, compiled and reported on by a geologist with a B.Sc., and MSc, from the University of British Columbia and a member in good standing of The Association of Professional Engineers and Geologists of British Columbia. Data verification included reviewing all drill logs and analytical data, verifying weighted assay intervals and calculations. The data was compliant with industry standard for that time. Empire Metals Corp. has not verified the data and is planning an initial exploration program.