- Eagle Mountain Mining (EM2) has intercepted broad copper mineralisation at the Oracle Ridge Mine Project in Arizona
- The company has received results from hole WT-20-16 which was drilled to target extensions to the mineralisation
- Two skarn intercepts were encountered with grades peaking at 2.59 per cent copper, 32.37g/t silver and 0.26g/t gold
- These intercepts are contained within a broader zone which has the potential to enhance future mining studies
- An additional two holes were drilled to follow-up these results but assays are pending
- Eagle Mountain has ended the day 4.55 per cent in the green with shares trading at 34.5 cents
Eagle Mountain Mining (EM2) has intercepted broad copper mineralisation at the Oracle Ridge Mine Project in Arizona.
The company has received results from hole WT-20-16 which was drilled to target extensions to the mineralisation in recent and historical holes.
Two skarn intercepts were encountered with a best result of 17 metres at 1.48 per cent copper, 19.23g/t silver and 0.23g/t gold from 278.6 metres including 3.6 metres at 2.59 per cent copper, 32.37g/t silver and 0.25g/t gold returned.
Both intercepts are contained within a broader mineralised skarn zone measuring roughly 100 metres in length.
This broader zone has the potential to enhance future mining studies.
Based on these results, two additional holes have been drilled and assays are pending.
“The significant intercept widths in WT-20-16 further illustrate the real potential for a substantial increase in resource tonnage. The intercepts are open to the north and northeast for approximately 100 metres and large portions of the leatherwood contact remain untested towards the east,” CEO Tim Mason said.
“Importantly, the upper intercept is within 60 metres of existing underground development, which in a potential future mining operation will reduce the costs of accessing this mineralisation at an early stage,” he added.
Eagle Mountain has ended the day 4.55 per cent in the green with shares trading at 34.5 cents in a $48.99 million market cap.