Eagle Mountain Mining to Double Drill Rigs at oracle Ridge

THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) has decided to up the pace of drilling at the company’s Oracle Ridge project in Arizona, USA.

Eagle Mountain Mining has been drilling since September 2020 with one drill rig on a 20 day on, 10 day off roster on both day and night shifts and is now adding a second drill rig to the mix.

The planned increase in diamond drilling includes a transition to a continuous drilling schedule to maximise productivity.

The company explained the decision to accelerate diamond drilling at Oracle Ridge was supported by multiple strong assay and drilling results and an increasing pipeline of high priority targets within a few kilometres of the existing underground mine portals.

“Our recent drilling and exploration results at Oracle Ridge indicate the very strong potential for Oracle Ridge to host increased levels of mineralisation,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“We have recently completed extensive earthworks to improve access and establish suitable drill pads in preparation for our accelerated drilling program.

“Since commencing drilling in September 2020, more than 90 per cent of the holes assayed outside the existing JORC Resource have intersected mineralisation above our cut-off grade.

“We are also building a strong pipeline of targets including the recently announced high-grade copper mineralisation outcropping at the OREX prospect along a four-kilometre contact.

“These results give us confidence to accelerate our drilling with the aim of increasing our existing JORC Resource and evaluating the extraordinary potential of the near-mine area.”




Email: info@eaglemountain.com.au


Web: www.eaglemountain.com.au