Eagle Mountain Mining Encounters Multiple High Grade Oracle Ridge Intercepts
THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported results from recent drilling at the company’s 100 per cent-owned Oracle Ridge copper mine project in Arizona, USA.
Assay results have been received for 15 drill holes that encountered high-grade zones that the company has interpreted to demonstrate mineralisation is not uniform resulting in areas potentially yielding very high grades.
Eagle Mountain believes this could be an indicator of a larger system or thicker areas in the vicinity.
Diamond drilling from surface intersected multiple narrow high-grade veins, including:
WT-22-175
25.5 per cent copper, 1,935 grams per tonne silver and 15.2g/t gold over 0.6m.
This result was from a resource upgrade hole located in the north-east Oracle area.
Drilling carried out around the historic Daily mine area, which falls outside the project’s existing resource also returned high-grade results.
The company now has underground drilling well underway, targeting resource upgrades and extensions and is ramping up an underground wall sampling program ramping-up with the aim to upgrade existing resources and model very high-grade zones within the mine.
At this stage assays for wall sampling are pending as are assay results from nine surface holes and five underground holes.
“We are pleased to see more impressive high-grade assay results at our Oracle Ridge project, including one of the highest copper and silver assays ever recorded,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.
“These very high-grade zones demonstrate that the mineralisation at Oracle Ridge is not uniform and there are areas of spectacular grade.
“Could these zones be an indicator of a larger system or thicker areas in the vicinity?
“One key objective of the recently commenced underground sampling and mapping program is to assess the extent of these very high-grade zones which could have a considerable positive impact on the resource model and potential future mining operation.”
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