Photograph of native copper.
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Eagle Mountain Mining (ASX:EM2) has confirmed the presence of a cluster of large, porphyry-style targets containing copper mineralisation at its Silver Mountain Project in Arizona.

The targets – which have a strike length of around 2 kilometres – were confirmed through a recent 3D seismic survey across the project, building on earlier aeromagnetic and gravity surveying work.

And what has excited Eagle Mountain is the fact that surface mapping and the structural setting of this target area shows alignment with other major porphyry deposits within the state.

In particular, the company had previously mapped and logged features such as veining, alteration and pebble dykes, and the 3D survey has identified porphyry-style alteration zones as the drivers of these features.

CEO, Tim Mason, said the surveying work has enabled Eagle Mountain to progress its expectations for the area.

“The recent 3D seismic survey at our Silver Mountain Project has been a resounding success, significantly enhancing our geological understanding and propelling the project to a top priority for exploration activities,” he said.

“While historical indicators suggested the potential for large mineralised systems at Silver Mountain, younger rock cover hampered our ability to pinpoint deeper targets.

“The new seismic data has effectively unlocked this geological potential: these new findings highlight an unexplored, western target zone, well beyond the past exploration efforts that were focused on the eastern volcanogenic massive sulphide horizon.”

Eagle Mountain has been trading at 5.2 cents.

EM2 by the numbers
More From The Market Online
The Market Online Video

Expert Exchange: How to approach Christmas spending amid the cost-of-living crisis

As Christmas comes closer, it may be a good idea to revise some of our thinking…
The Market Online Video

Expert Exchange: Gold charts will remember 2024 in history. Analysts see $3K/oz in 2025

If you had any large amount of money invested in bearish bets on just about anything…
The Patterson South Lake project in Canada that Paladin Energy has just acquired.

Paladin Energy puts Christmas bow on $1.5B all-scrip Fission Uranium merger

Paladin Energy (ASX:PDN) has completed the acquisition of Fission Uranium Corp six months after
The words "Market Open" appear stacked atop one another next to ASX company iconography.

ASX Market Open: Short trade day for Chrissy Eve to barely stay green after yesterday’s rocket run | Dec 24, 2024

The ASX 200 is expected to stay ever so slightly in the green at open on Christmas Eve after the Wall Street Santa