EMPIRE UPDATES WINGS POINT GOLD PROJECT; A POTENTIAL CARLIN STYLE GOLD TARGET; GRAB SAMPLES ASSAY UP TO 6.9 GRAMS PER TONNE GOLD IN SEDIMENTS

TSXV - EPM

BEDFORD, NS, Jan. 11 /CNW/ - Empire Capital Corp (TSXV-EPM) (the "Corporation" or "Empire") is pleased to provide an update on the Wings Point Gold Project acquisition announced December 14, 2010. 

An initial field visit, a review of historic data and recent rock grab sample assays suggest this project has the potential to be a Carlin-style gold system. Sampling through December 2010 was carried out on the 396 claim project, with the focus in and around an operating gravel pit. Within the pit area, called the Gold Pit Target, two parallel zones called the Western and Eastern zones composed of mineralized silicified marine sediments were identified and sampled. Mineralization in both cases is characterized by dominantly disseminated arsenopyrite and pyrite within silicified calcareous shales, siltstones and sandstones. Sampling has traced these zones over a strike length of 380 and 680 metres for the Western and Eastern Zones, respectively and each zone is open along strike. The best assays were returned from the Western Zone, a calcareous silicified shale and siltstone sequence, which assayed 2.46, 2.83 and 6.92 g/t gold.

Highlights:

  • Potential Carlin-style mineralization in marine sediments.
  • Widely distributed gold mineralization.
  • Newly discovered carbonaceous silicified shale assayed 2.46, 2.83 and 6.92 g/t gold.
  • Two mineralized zones, traced for 380 and 680 metres on surface, and open.

Terry Christopher, President and CEO stated "This acquisition is an opportunity for the Company to explore for bulk tonnage Carlin-style gold mineralization. The widespread distribution of gold and arsenic in the Gold Pit Target area, the presence of gold, arsenic and antimony nearby, in combination with the geological characteristics, including mineralized marine sediments in the area all point to a Carlin-style system. Past exploration in the area focused mostly on mineralized quartz and gabbro systems, although several companies have previously sampled this area for sediment hosted gold, without additional follow-up. Our sampling program, as well as some of the historic sampling is suggesting gold values increase with fresh rock exposure which may mean increases in gold grade with depth. Empire's overall exploration program will be focusing on the sediment sequence and the potential within that sequence to host bulk tonnage gold deposits. Our immediate target will be in the Gold Pit Target area, focusing on the recently discovered silicified sediments which have assayed high gold values."

Empire acquired these claims after an initial field visit and reviewing historic data for the area, which lies in the Botwood Basin in Central Newfoundland. This Basin is host to several geological 'trends' that were the focus of Carlin-style gold exploration by a number of companies between 2000 and 2005, including Barrick Gold. Previous workers noted that the Mustang Trend, wherein the Corporations claims lie, is geologically very similar to the Carlin Trend. The Mustang Trend, like the Carlin Trend, is a structural corridor wherein Late Silurian to Early Devonian age calcareous sedimentary rocks consisting of shales, siltstones, limestones were over- thrusted by Ordovician marine clastic sediments. The Mustang Trend is over 100 km long, versus the Carlin Trend which is generally considered to be about 60 km long. Gold bearing rocks in the Carlin Trend are typically hosted is thinly bedded silty carbonaceous rocks or shales, and mineralized as arsenic bearing pyrite and quartz with alteration patterns typically including decalcification, silicification and argillization. To date, Empire has observed a similar style of mineralization in that, it occurs as disseminated arsenopyrite and pyrite in thinly bedded, silicified shales, siltstones, sandstones and calcareous shales. Most of the intensive exploration for Carlin-style mineralization within this trend occurred south of Empire's claims, as the project is at the northern most portion of the Mustang Trend.

During December, Empire carried out a grab sample prospecting program in the area including the Gold Pit Target area. Although selective in nature and unlikely to represent the average grades on the property, the grab sampling program was successful in identifying gold throughout the pit area. Rock units within the pit are composed of sandstones, siltstones and calcareous shales that dip near vertical. Field observations in the pit show two parallel mineralized trends called the Western and Eastern Zones, which are about 120 metres apart. Both zones are well mineralized with arsenopyrite and pyrite, and mineralization has been chased along strike intermittently for 380 and 680 metres, respectively. Both zones are open along strike while widths are unknown at this time due to cover. The width of the Western Zone in one location is partially exposed intermittently and in that location it's about 120 metres wide. The Western Zone is more intensely silicified, at least at surface, and appears to be better mineralized with grab samples generally range from 0.5 g/t to 6.92 g/t gold, with the best grades coming from 'freshly' uncovered silicified shales and siltstones. This area was recently uncovered in gravel pit operations where the pit operator dug down to heavily silicified bedrock and could not dig any deeper. Surface exposure of the Eastern Zone is poor with considerable more cover and vegetation, thus the strike length is still open and the width has not been determined. Gold values over the strike length of this Eastern Zone ranged from 0.26 to 0.95 g/t, although historic sampling through this zone returned higher grades. A map illustrating the zones with additional information can be viewed at http://www.empirecapitalcorp.ca/projects/wings-point/

In addition, the optionors of the property, have noted over the years that samples collected from freshly exposed rocks after and area has been excavated, have routinely assayed higher in gold than samples collected from the surface prior to excavation. The newly assayed shales and siltstones in the Western Zone carrying 2.83, 2.46 and 6.92 g/t gold were only uncovered in recent gravel pit operations. Historically, this same area was sampled by a previous company back in 2004, before it was excavated and the best assay was 1.3 g/t. The optionors, just prior to Empire acquiring the project, also obtained a recent sample from this zone with 87 g/t gold, and it was described as well silicified, black sooty shale carrying arsenopyrite. Historic and recent sampling of the deeper portions in the Eastern Zone has also shown the potential for increasing gold grade with exposure of fresh rock and thus potentially increasing at depth. When Empire sampled the Eastern Zone recently, samples were collected from two areas also sampled in 2004. In these two areas Empire obtained 0.26 and 0.27 g/t gold, however, sampling in 2004 by another company returned 1.20 and 1.04 g/t, respectively. The difference in the sampling medium was the previous company sampled after the excavator cleared the bedrock down to the heavily silicified rocks to a point it could not dig any deeper, exposing fresh silicified sediments, while Empire collected exposed surface samples as the areas had been caved back in.

Public documents show that this mineralized sediment sequence was known back as far as 1988 when Noranda Exploration took a sample in or near the pit area which was characterized as sericitized sediments with less than 1% needle arsenopyrite and assayed 0.86 g/t gold. Since that time the area has been subject to several exploration and drilling programs focusing on mineralized quartz and gabbro systems, with no concerted effort for bulk tonnage potential that is displayed in the sediments observed in the pit. With the widely distributed gold and arsenic mineralization and the newly uncovered shale unit containing high gold, Empire will explore this project with the goal of identifying bulk tonnage gold prospects in the marine sediment sequence.

Empire has applied for a trenching and a geophysical survey permit for the Gold Pit Target. Once those programs are completed the company will arrange for a drill program on the main target area. Exploration and evaluation will continue throughout the claims to generate other targets of interest. The company has also recently staked an additional 293 claims and now controls 17800 contiguous hectares.

About Empire
Empire Capital Corp. is a junior explorer focused on gold. Our model is find targets that have the potential for multi-million ounce deposits and to that end the company has been reviewing opportunities in Canada, 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 Bill Reed, 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.

SOURCE Empire Capital Corp.

For further information:

Terry Christopher
CEO and President
408 - 1550 Bedford Highway,
Bedford, NS,
B4A 1E6
Tel: (902) 405-3520
info@empirecapitalcorp.ca
www.empirecapitalcorp.ca

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