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Empire Mining Completes Qualifying Transaction
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VANCOUVER, B.C., November 9, 2007 - Empire Mining Corporation (the
"Company") (EPC: TSX-V), is pleased to report that it has satisfied all
the requirements of the TSX Venture Exchange (the "Exchange") in
connection with its Qualifying Transaction previously announced on
September 18, 2007. Global Securities Corporation acted as sponsor in
connection with the Qualifying Transaction.
The Company's Qualifying Transaction consisted of an agreement with
Anatolia Minerals Development Ltd., to earn a 65% interest in the Bursa
copper-molybdenum-gold porphyry property located in western Turkey. The
Qualifying Transaction closed on November 7, 2007. The common shares of
the Company will resume trading on the Exchange at market open on
November 12, 2007 under the new symbol EPC.
For further information, please refer to the Company's Filing Statement
dated October 31, 2007 and filed on SEDAR.
The Bursa Property is located 120km south of Istanbul and covers 429km2
within a belt of demonstrated copper and molybdenum porphyry systems in
Bursa and Kutahya provinces. Past drilling by Rio Tinto on one of these
systems, Karapinar, intersected 0.36% Cu, 51ppm Mo, and 0.1ppm Au over
221 meters from surface and 0.31% Cu, 152ppm Mo, and 0.07ppm Au over
54m at a depth of 273 meters in the same hole. A number of drill
targets on the Property with potential for economically important
porphyry and associated skarn systems remain untested.
Work at Bursa will be aimed at establishing potentially economic
copper-gold mineralization through drilling at Karapinar and other
partially defined mineralized zones. Geochemical and geophysical
surveying and geological mapping will also be carried out to identify
and delineate additional targets for drill testing.
The Company's Qualified Person, John Prochnau, B.Sc. (Mining
Engineering), M.Sc. (Geology), a director of Empire, has reviewed and
approved the content of this news release.
ON BEHALF OF THE BOARD,
Robert F. Giustra
Director
The TSX Venture Exchange Inc. has in no way passed upon the merits of
the proposed transaction and has neither approved nor disapproved of
the contents of this news release.
For more information contact:
Ray Lagace
Investor Relations
604-638-3474 or 1-866-689-2599
info@empireminingcorp.com
Cautionary note for US Investors: This news release may contain
forward-looking statements that may address future events and
conditions and therefore involve inherent risks or uncertainties.
Actual results may differ materially from those currently anticipated
in such statements.
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Copyright (c) 2007 EMPIRE MINING CORPORATION (n/a) All rights
reserved. For more information visit our website at
http://www.empireminingcorp.com/ or send
mailto:info@empireminingcorp.com
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