Eagle Mountain Delivers Further Positive Drilling Results at Oracle Ridge

Eagle Mountain Mining (ASX:EM2)
  • Eagle Mountain confirms ongoing drilling success at Oracle Ridge Copper Project in the U.S. with results from 22 new holes received
  • New drilling has delivered strong results at the Talon and mid-mine areas showing resource extension and upgrade potential. Results include:
  • Resource Expansion

    • 60.7m at 1.56% Cu, 14.15 g/t Ag and 0.32 g/t Au, including: 14.6m at 2.83% Cu, 27.54 g/t Ag, 0.51 g/t Au (WT-22-99)
    • 4.5m at 2.79% Cu, 32.85 g/t Ag and 0.36 g/t Au (WT-22-96)
    • 4.5m at 2.92% Cu, 29.14 g/t Ag and 0.66 g/t Au (WT-22-97)

    Resource Infill

      • 3.8m at 1.80% Cu, 27.63 g/t Ag and 10.92 g/t Au (WT-21-76)
      • 10.6m at 2.63% Cu, 17.97 g/t Ag and 0.39 g/t Au (WT-22-90)
    • A gold intercept of 1.0m at 40.0g/t Au and 3.16% Cu (WT-21-76) received in the Talon showing potential for localised high-grade gold vein anomalies in the Leatherwood
    • Exploration focus remains on the Talon area which is underpinned by the Company’s new geologic model supporting target definition
    • Two holes testing the northern mine area intercepted only narrow or low-grade mineralisation
    • Of the 22 new results, only two recorded no significant intercepts

    Eagle Mountain Mining Limited (ASX:EM2) (Eagle Mountain, or the Company) is pleased to provide an update on its 100% owned Oracle Ridge Copper Mine Project (Oracle Ridge, or the Project) in Arizona, USA

    Commenting on the strong copper results, Eagle Mountain Mining CEO, Tim Mason, said:

    “New drilling over a 1.5km strike continues to deliver strong results that supports our thesis that Oracle Ridge has the potential to be a copper project of significance in the U.S.

    The Company’s new geologic model, backed by over 100 new drill holes, is being used to refine the resource estimate and is driving new and successful high-value targets particularly in the southern Talon region. This area will be a key focus for exploration activities in the short term.

    We are also seeing some very high gold values, which could provide attractive sweeteners for a future operation.”

    /Public Release.