THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported on continuing exploration activities at the company’s 100 per cent-owned Oracle Ridge Mine project in Arizona, USA.
Recent drilling by Eagle Mountain Mining had produced positive results from The Talon target.
The first hole to be completed targeting the western part of The Talon target, WT-21-15, intersected three strongly mineralised zones, returning results of:
10.6 metres at 2.1 per cent copper, 16.92 grams per tonne silver and 0.58g/t gold from 231m;
6.6m at 1.29 per cent copper, 8.54g/t silver and 0.1g/t gold from 275.4; and
21.2m at 1.33 per cent copper, 12.53g/t silver and 0.22g/t gold from 297.7, including 7.5m at 1.62 per cent copper, 17.09g/t silver and 0.36g/t gold from 303.5m
Hole WT-21-12 also intersected high-grade mineralisation, returning a best intersection of:
5.7m at 4.44 per cent copper, 44.87g/t silver and 0.93g/t gold, including 3m at 6.8 per cent copper, 66.7g/t silver and 1.5g/t gold.
This hole was drilled in the eastern Talon area, targeting the Leatherwood-Sediments contact approximately 45 metres to the south of previous intersections achieved in hole WT-20-10.
“With activities ramping up and the second rig having commenced drilling, we are very pleased to see further positive results from The Talon target,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.
“We have targeted an area covering only about 20 per cent of the magnetic anomaly so there’s a lot of scope for further mineralisation at The Talon.
“The first drill hole on the western side of The Talon returned multiple high-grade intersections and highlighted the potential for stacked mineralised lodes to occur in the area.
“These new intersections are situated in a sparsely drilled area, which bodes well for a significant increase to our JORC Resources.
“At the eastern side of The Talon, the Leatherwood-Sediments contact continues to excite us.
“We have extended this very high-grade mineralisation 50 metres to the south and we will continue to target the contact to the east and south in the coming weeks.”
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