Eagle Mountain Mining Continues Resource Drilling at Oracle Ridge
THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) continues to make progress at the company’s 100 per cent-owned Oracle Ridge copper mine project in Arizona, USA.
Eagle Mountain Mining has maintained from surface drilling at Oracle Ridge that has focused on the Talon area with a few holes also testing peripheral extensions to the west and north of the mine.
Assay results have been received for 22 holes, including resource expansion holes.
Results include:
WT-22-88
12.5 metres at 2.08 per cent copper, 18.81 grams per tonne silver and 0.33g/t gold;
WT-22-110
10.7m at 2.23 per cent copper, 19.62g/t silver and 0.35g/t gold;
WT-22-140
9.2m at 2.2 per cent copper, 35.72g/t silver and 0.45g/t gold; and
WT-22-143
8m at 2.98 per cent copper, 27.46g/t silver and 0.33g/t gold.
The company indicated an updated Mineral Resource Estimate (MRE) is ongoing with the next update on schedule for the end of September 2022.
Mapping and sampling of historical mines adjacent to Oracle Ridge is also underway to refine the local geology model, aid the MRE and identify new drill targets.
“With drilling continuing, we have concurrently launched several initiatives to continue to advance the project,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.
“The mining contractor is currently on site refurbishing the underground mine, with the generator already delivered and installed and the electrical equipment currently being serviced with the ventilation fans to follow shortly thereafter.
“Our goal is to leverage the existing infrastructure to drill and sample underground.
“We are only two months away from driving our first underground rig through the Oracle Ridge portals.
“Metallurgical studies have commenced to review and update existing information that we will need for the upcoming mining studies.
“On the geological front, the team is currently mapping the historical workings peripheral to the Oracle Ridge mine and also fine tuning our drilling plans for OREX.”
Email: info@eaglemountain.com.au