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

ASX Market Close: Wisetech’s Richard White resigns as CEO and director | October 24, 2024

In breaking news, the founder of Wisetech Richard White will stand down as CEO and director…
Two miners digging in a cave awash with gold light.

The ASX gold miners benefiting most from gleaming bullion prices

Gleaming gold prices across the globe have helped several ASX gold miners sparkle especially bright as…
The Market Online Video

ASX Market Update: Fortescue disappoints with quarterlies miss | October 24, 2024

Fortescue (ASX:FMG) has been down 3.5% on disappointing quarterly results. Iron Ore shipments were down 12%…
Potash mine and plant

Reward to bank $2.3M to progress SOP potash project in WA

Reward Minerals Ltd is set to finance an engineering scoping study for a potassium sulphate potash…