Join our daily newsletter At The Bell to receive exclusive market insights
- Eagle Mountain Mining (EM2) receives assays for four drill holes completed in the Western Talon area of its Oracle Ridge Mine project in Arizona
- Drilling in this area is ongoing and has so far continued to intercept thick mineralisation outside the existing JORC resource
- In conjunction with previous results, Eagle Mountain says the latest results further support the continuity of the Wave Zone which extends over 500 metres in length
- Drilling will continue in this zone to a spacing suitable for the estimation of an inferred resource
- Shares in Eagle Mountain Mining were down 5.26 per cent to $0.54 at the close of trading on Wednesday
Eagle Mountain Mining (EM2) has received assays for four drill holes completed in the Western Talon area of its Oracle Ridge Mine project in Arizona.
Drilling in this area is ongoing and has so far continued to intercept thick mineralisation outside the existing JORC resource. The company is looking to update the first JORC resource by the first quarter of next year.
The latest results include 22.5 metres at 2.84 per cent copper, 27.46 grams per tonne (g/t) silver and 0.48 g/t gold, within 69.5 metres at 1.6 per cent copper, 15.37 g/t silver and 0.3 g/t gold.
In conjunction with previous results, which included 28.9 metres at 2.34 per cent copper, 21.95 g/t silver and 0.37 g/t gold, Eagle Mountain said the latest results further support the continuity of the Wave Zone which extends over 500 metres in length.
According to CEO Tim Mason, large portions of the Wave Zone remain untested and the mineralisation is open to the east.
“Due to these consistently strong results, drilling is focused along the Wave and we eagerly await further assay results in this prospective area,” Mr Mason said.
Three rigs are currently operating at Oracle Ridge, with two at The Talon and one
continuing the resource upgrade program in the northern part of the mine area.
Eagle Mountain plans to continue drilling at Talon focusing on Western Talon, with the goal of drilling the entire length of the Wave to a spacing suitable for the estimation of an inferred resource.
Shares in Eagle Mountain Mining were down 5.26 per cent to $0.54 at the close of trading on Wednesday.
