Join our daily newsletter At The Bell to receive exclusive market insights
- Eagle Mountain Mining (EM2) continues its drilling activities as it works to upgrade the mineral resource estimate (MRE) at its Oracle Ridge copper mine project in Arizona
- The company is targeting an updated MRE for the end of September, with activities reportedly on schedule
- It is focussing its drilling efforts on the Talon area, with some holes also testing peripheral extensions to the west and north of the mine
- EM2 receives assays for 22 holes, including resource expansion holes which support the potential for MRE growth
- Shares are trading 9.52 per cent higher at 23 cents each at market close
Eagle Mountain Mining (EM2) has continued its drilling activities as it works to upgrade the mineral resource estimate (MRE) at its Oracle Ridge copper mine project in Arizona.
The company is targeting an updated MRE for the end of September, with activities reportedly on schedule.
It is focussing its drilling efforts on the Talon area, with some holes also testing peripheral extensions to the west and north of the mine.
EM2 received assays for 22 holes, including resource expansion holes which support the potential for MRE growth.
One of the best results intercepted 12.5 metres at 2.08 per copper, 18.81 grams per tonne (g/t) silver and 0.35 g/t gold.
Additionally, it reported assays for five infill drill holes which were designed to improve resource confidence.
It has begun mapping and sampling historical mines adjacent to Oracle Ridge to refine the local geology model, aid the MRE, and identify new drill targets.
Shares were trading 9.52 per cent higher at 23 cents each at market close.
