Eagle Mountain (ASX:EM2) builds critical mass at Talon
November 11, 2022Eagle Mountain Mining has built upon its mineable copper-gold-silver resources recording 25 meters at 2.06% copper, 15.1g/t silver and 0.61 g/t gold within a broader zone of solid grades at its Talon project, part of the Company’s 100% owned Oracle Ridge Copper Mine Project in Arizona, USA.
Drill hole WT-22-160 was drilled in the southern Talon zone and was designed to intersect the mineralised area encountered in drill hole WT-21-31, drilled 15 to 25 metres to the west, which returned 96m at 1.34% Cu, 10.64glt Ag and 0.37g/t Au.
Plan view of the mining area.
The new results confirm the overall thickness and endowment of the mineralised zone. Interestingly an additional area of 27.2m at 0.89% Cu, 7.50glt Ag and 0.19glt Au in WT-22-160 intersected approximately 20 metres above the main intersection reported above (this intercept is reported using a 0.6% Cu cut-off grade).
“The results from hole WT-22-160 in the southern Talon are very pleasing as they support the strong grades and mineable thickness of mineralisation in this area,” CEO Tim Mason said.
“These results also show strong gold assays consistent with nearby holes.
“This hole was drilled at a larger diameter as part of the first metallurgical testwork program for the area.
“Drilling from surface is currently focusing on prospective targets around the Daily and Geesaman mines, which are entirely outside the existing JORC mineral resources.”
The larger diameter upgrade drilling also provides material for the maiden metallurgical testwork in preparation for underground drilling before year’s end.
Price Action
The Company’s ASX-listed shares have risen 16.67 per cent at Market Open.
About Eagle Mountain Mining
Eagle Mountain Mining is a copper-focused exploration and development Company with a key objective of becoming a low-emission producer at its high-grade Oracle Ridge project in Arizona, USA, to supply the rapidly growing green energy market. The Company’s primary focus is the Oracle Ridge Copper Project, a high-grade, advanced-stage underground copper/gold/silver project, with a JORC Resource 16.5Mt at 1.45% Cu, 15.1g/t Ag and 0.19g/t Au for 240,000t contained copper, 8Moz contained silver and 102Koz contained gold. With drilling ongoing at Oracle Ridge, the Company continues to deliver significant high-grade copper mineralisation outside the existing Resource.
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