Eagle Mountain Mining (ASX:EM2) has received results for the first 3 underground drillholes, which were designed to upgrade and expand the mineral resource at its Oracle Ridge Copper Mine Project in Arizona, US.
The company reports the drillholes encountered several mineralised zones of skarn-altered limestone with disseminated chalcocite being intersected.
Additionally, Eagle Mountain reports the underground drillhole results include, drillhole WTU-23-03 with 1.4m @ 3.20% Cu, 32g/t Ag, and 0.55g/t Au; and drillhole WTU-23-03 with 2.1m @ 2.98% Cu, 19.71g/t Ag, and 0.27g/t Au, within 47m @ 0.52% Cu, 4.97g/t Ag, and 0.08g/t Au.
The company states these results confirm the existing geology model and locations of mineralisation. Additionally, the thick intercepts across a wide range, support optionality and the potential for ‘lower grade’, bulk-style mining and extraction methods.
Alongside the underground drill results, Eagle Mountain reports all 6 surface holes drilled on the far western extent of the Northwest Oracle Ridge intersected broad mineralised zones, which is likely to also increase the mineral resource, along with increase the volume of mineralisation in the mineral resource.
“Our mineral resource has significantly more contained metal at lower cut-offs and this provides optionality for a potentially larger mining operation”
Commenting on the ongoing activities, Eagle Mountain Mining Chief Executive Officer (CEO), Tim Mason says: “Our mineral resource has significantly more contained metal at lower cut-offs and this provides optionality for a potentially larger mining operation.
These results on the periphery of the resource also demonstrate the scale potential beyond the existing mineral resource. Our knowledge of the Oracle Ridge mineralisation is enhanced by these results, which contribute to our goal to restart the Oracle Ridge Miner with a focus on low emission production.”
Eagle Mountain is a copper-focused exploration and development company, primarily focusing on the Oracle Ridge Copper Project.
The Oracle Ridge Copper Mine is located less than a 2-hour drive from Tucson, Arizona, with copper mineralisation identified within the granodiorite, but is largely limited to the contact zones.
The main copper minerals are bornite, chalcocite, and chalcopyrite, with very little copper occurring in oxide or silicate form. The deposit also contains elevated concentrations of silver, and gold.
Images: Eagle Mountain Mining Ltd
