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Eagle Mountain Mining Continues High-Grade Copper Hits at Talon

THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported its latest results from drilling at the company’s 100 per cent-owned Oracle Ridge Mine Project in Arizona, USA.

Eagle Mountain reported further high-grade copper assays received from along the Western Talon at Oracle Ridge.

These results occur outside the existing JORC Resource and within a geophysical anomaly stretching over 750 metres, including:

WT-21-33
5.8 metres at 2.72 per cent copper, 29.59 grams per tonne silver and 0.72g/t gold, within 16.6m at 1.87 per cent copper, 18.53g/t silver and 0.51g/t gold;

WT-21-34
7.6m at 2.2 per cent copper, 20.7g/t silver and 0.25g/t gold; and

WT-21-34
3.3m at 2.06 per cent copper, 22.48g/t silver and 0.56g/t gold.

Eagle Mountain said the results were achieved within a recently defined ‘Wave’ zone, which it has now interpreted to connect to the historic Leatherwood Mine.

“These latest drilling results are significant as they not only provide further support for expanding our JORC Resource, but they confirm the prospectivity of the ‘Wave’ structure which hosts some of the thickest intercepts at Oracle Ridge,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“Furthermore, the Wave zone, which is a feature within the Talon, is now interpreted to connect recent high-grade intercepts to the historic Leatherwood mine where mineralisation outcrops at the surface at the southern end of the mine area.

“While the Leatherwood mine is relatively small, the reported mined grades are spectacular suggesting potential for very high-grade copper mineralisation to also occur along the Wave zone.

“We have assays pending for 11 drill holes from the northern part of the Wave zone and further holes will be drilled as roads are established in this area.”

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Eagle Mountain Mining Highlights Talon Zone Potential at Oracle Ridge

THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported on recent activites at the company’s 100 per cent-owned Oracle Ridge Mine project in Arizona, USA.

Eagle Mountain Mining received assays for three drill holes recently carried out at The Talon Zone.

Very thick mineralised interval was encountered in WT-21-31, including five high-grade zones:

91.5m fully diluted at 1.37 per cent copper, 10.86 grams per tonne silver and 0.38g/t gold, including 9.7m at 3.39 per cent copper, 29.65g/t silver and 0.67g/t gold, and
11.7m at 1.9 per cent copper, 15.22g/t silver and 0.52 g/t gold, and
14.8m at 1.62 per cent copper, 11.93g/t silver and 0.53g/t gold, and
8.7m at 2 per cent copper, 15.2g/t silver and 0.4g/t gold, and
8m at 1.9 per cent copper, 13.92g/t silver and 0.85g/t gold.

High-grade intersections were also encountered in drill hole WT-21-32 (previously reported as visual observation):

28.9m at 2.34 per cent copper, 21.95g/t silver and 0.37g/t gold, including 13.2m at 3.53 per cent copper, 33.89g/t silver and 0.54g/t gold, and
1.4m at 9.99 per cent copper, 147g/t silver, 2.83g/t gold.

“What a week for the Western Talon!” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“WT-21-32 has delivered the best assayed intersection of our resource expansion program so far.

“While we were assessing the significance of these strong results, hole WT-21-31 presented a very thick mineralised interval in the southernmost hole we have drilled at Oracle Ridge.

“The five high-grade zones within this intercept are individually significant in their own right; the fact that they occur in the same hole make for yet a further exciting result.

“The results from drill holes WT-21-32 and WT-21-31 justify our belief in the exploration potential of The Talon zone.

“Recent drilling has provided great insight into the geology of The Talon and suggests a potential strike length of over 500 metres.

“Mineralisation outside of this strike extent remains open within the magnetic geophysical anomaly which defines The Talon.

“We are eagerly continuing to drill this area as we are now driven by a new geological model.

“We are also planning additional drill pads and access roads to reach further to the south and southeast tip of The Talon.

“Twelve months ago, we had just commenced drilling at Oracle Ridge with one rig on a 20 days on, 10 days off roster and a small team.

“Today we have three rigs drilling full time, a large and motivated team and some outstanding results to celebrate with our shareholders following our first year of drilling at Oracle Ridge.”

Eagle Mountain also announced completion of a $16 million raising, funds from which will be used to advance Oracle Ridge.

“We are delighted with the level of support received from prominent institutional and sophisticated investors as well as welcoming new shareholders to the Eagle Mountain share register,” Mason said.

“We would like to thank existing shareholders for their continued support in the Placement.

“In particular, I wish to thank our managing director, Charlie Bass, who continues to financially support the company, testament to his ongoing confidence in the Oracle Ridge project.

“The Placement was very well supported with demand significantly exceeding the funds being sought.”

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

 

Eagle Mountain Mining Drills Thick Mineralised Copper Zones at Oracle Ridge

THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) provided a report on exploration activities at the company’s 100 per cent-owned Oracle Ridge Mine project in Arizona, USA.

Eagle Mountain Mining has been undertaking a Resource Upgrade drilling program to verify the quality and reliability of historical drilling information in the company’s database.

An initial comparison between new and historical holes has shown a good reconciliation between the old and new geological and assay data, revealing the average gold grade in recent holes appears to be moderately higher than in historical ones.

Eagle Mountain indicated that should the remaining infill Resource Upgrade holes support the grades and thicknesses of previous drilling, a portion of the existing Indicated Mineral Resource is expected to be upgraded to the JORC Measured category (following an updated Mineral Resource Estimate).

The recent drilling has defined thick, fully diluted, mineralised zones within the existing JORC resource, returning results including:

WT-21-24
110.1 metres at 1.06 per cent copper, 9.64 grams per tonne silver and 0.16g/t gold, ending in mineralisation;

WT-21-20
106m at 1.15 per cent copper, 11.73g/t silver and 0.16g/t gold;

WT-21-18
96.1m at 0.98 per cent copper, 7.84g/t silver and 0.15g/t gold; and

WT-21-26
47.3m at 1.00 per cent copper, 13.25g/t silver and 0.13 g/t gold.

WT-21-24 returned a thick zone of: 18.4m at 3.12 per cent copper, 27.83g/t silver and 0.51g/t gold, within 50.5m at 1.73 per cent copper, 14.31g/t silver and 0.26g/t gold.

“These very thick zones of mineralisation have the potential to provide significant optionality for mining,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“We have now completed five infill holes, all of which had similar thick zones of mineralisation, suggesting that this may not be an anomaly.

“From a mining perspective, thick zones of mineralisation provide potential for bulk mining scenarios or using ore sorting technology to separate barren rocks from copper bearing ores to reduce processing costs.

“These results surprised us because many of these mineralised zones were not visually obvious in the core, and hence why they were probably not assayed by previous owners.

“The intercept of 18m at 3.12 per cent copper and 0.51 grams per tonne gold, within a much larger mineralised zone, is one of the best intercepts at Oracle Ridge.

“In addition, the overall gold grades in the reported infill holes are, on average, better than those in surrounding historical holes.

“We are excited by these results, because if the presence of these thick zones is extensive it could materially improve the contained copper in resource and provide optionality for future mining methods and production rates.

“We will continue with our program of resource upgrade drilling and given these latest results, we will certainly assay zones in between the key lodes!”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Eagle Mountain Identifies New Styles of Alteration and Mineralisation at Oracle Ridge

THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) claimed discovery of two separate prospective alteration systems have been discovered at Golden Eagle, part of the company’s Oracle Ridge project in Arizona, USA.

Eagle Mountain Mining explained the two systems are both vastly different to the copper skarn mineralisation at the Oracle Ridge mine two kilometres to the west.

One alteration system includes silica flooding, quartz stockwork veining and pyritization along a major fault system; measuring 1 kilometre by 0.3 kilometres and remains open in three directions.

Gold samples up to 10.45 grams per tonne gold are part of the second alteration system that sits along a 1.5-kilometre-long magnetic high anomaly.

“These two new systems have the potential to dramatically alter the scope of any future mining operation, along with the addition of further copper skarn mineralisation at OREX,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“We are all very excited by the recent results at Golden Eagle and initial drilling has already commenced on these two systems.

“Resource extension drilling at the Oracle Ridge mine to enlarge and improve the current JORC resource continues and remains a priority focus for us.

“Recent mapping and sampling…has identified extensive alteration zones, which combined with structural complexity and several high-grade gold samples demonstrate the potential of the Golden Eagle project.

“These are all favourable ingredients for a potential mineralised system at depth.

“This area has had a history of small-scale historical mining, predominantly gold but also some copper.

“Golden Eagle showed great potential, so we wasted no time: additional claims have been staked to secure our land position over prospective areas and a rig has been drilling on our patented claims since July.”

 

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Eagle Mountain Mining Continues High-Grade Hits at Oracle Ridge

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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Eagle Mountain Receives Positive Oracle Ridge Report from Skarn Expert

THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) received a positive report from a world-renowned skarn expert in relation to the company’s 100 per cent-owned Oracle Ridge project in Arizona, USA.

Eagle Mountain Mining recently received an initial technical report from Dr Larry Meinert, who was engaged earlier in the year to provide support to the company’s technical team.

Dr Meinert’s review included examination of drill core, mapping of underground formations and assay analysis.

Key conclusions from Dr Meinert’s report include:

• The southern extension to the Oracle Ridge mine area is prospective for additional copper-rich mineralisation;

• Potential for additional skarn-hosted mineralisation exists in the central and southern part of the Oracle Ridge mine area beneath the Leatherwood intrusive and forms a prime target for deeper drilling;

• Aeromagnetics is an effective tool in targeting copper mineralisation at Oracle Ridge; and

• Detailed logging of minerals across the deposit will allow vectoring towards copper-rich zones.

“Dr Meinert’s review of drill core, mineral assemblages and assays substantially supports and further enhances our view that the area below the Leatherwood intrusive in the mine area is prospective for further high-grade mineralisation,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“This review also adds confidence to our recent discovery of high-grade mineralisation outcropping along a four kilometres exposure of the Leatherwood lower contact at surface at OREX.

The combination of this discovery and Dr Meinert’s review provides further credibility that OREX is an exciting prospective target area.

“We are completing a UAV magnetic survey to define drill targets.

“Dr Meinert’s work on geochemical ratios pointed to additional potential skarn mineralisation in the southern areas of the mine.

“This area coincides with both a magnetic high anomaly over 750 metres long and the recent discovery of high-grade mineralisation along the upper Leatherwood intrusive contact, with drilling to be prioritised in this area.”

Eagle Mountain indicated Dr Meinert will continue to collaborate with its technical team to further improve the knowledge of the mineralisation system, evaluate exploration results at near mine targets including OREX, and define new prospective areas in the Oracle Ridge region.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Eagle Mountain Mining Moves to 100% Ownership of Oracle Ridge

THE BOURSE WHISPERER: Eagle Mountain Mining (ASX: EM2) will have plenty to discuss at next week’s RIU Sydney Resources roundup after announcing it is to assume 100 per cent ownership of the Oracle Ridge copper project in Arizona, USA.

Eagle Mountain is to acquire Vincere’s 20 per cent interest in the high-grade Oracle Ridge copper project in exchange for the issue of 10 million shares in Eagle Mountain representing a 5.2 per cent shareholding in Eagle Mountain.

Eagle Mountain’s attributable copper resources will increase by 81 million pounds of copper at an effective acquisition price of US$0.10/lb copper in JORC Resources.

The project has existing JORC resources of 12.2 million tonnes at 1.51 per cent copper, 16.3 grams per tonne silver, 0.19g/t gold for 184,000 tonnes of contained copper at a 1 per cent copper cutoff grade.

“We believe this is a highly value accretive transaction for our shareholders at a time when copper prices are surging due to strong global demand and supply limitations,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“The acquisition of Vincere’s 20 per cent interest in Oracle Ridge increases the company’s JORC Resources by 81 million pounds of contained copper, but more significantly provides full exposure to the exploration potential at the project.

“This potential includes multiple high-grade drilling intercepts outside the JORC resources along with large scale prospective areas underneath the Leatherwood granitic intrusive at OREX.

“The acquisition also enables a much simpler structure to progress Oracle Ridge through all phases leading to production.

“Following completion, Vincere will become a shareholder in Eagle Mountain and will still benefit from exposure to Oracle Ridge along with other growth opportunities in the company.

“I truly thank Vincere for their contribution to Oracle Ridge and we warmly welcome them as shareholders in Eagle Mountain.”

 

 

Email: info@eaglemountain.com.au

 

 

Web: www.eaglemountain.com.au

 

 

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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Eagle Mountain Mining Identifies Extensive Outcropping Mineralisation at Oracle Ridge

THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported results of a field mapping program at the OREX prospect, part of the company’s 80 per cent-owned Oracle Ridge mine project in Arizona.

Eagle Mountain conducted the latest detailed mapping project based on encouraging results the company gained from an initial field mapping program carried out at OREX in 2020.

The recently completed field program confirmed the extensive occurrences of outcropping skarn hosted copper-silver-gold mineralisation along the lower contact of the Leatherwood intrusive and the skarn horizon.

Over 100 grab samples were collected with many returning high-grade mineralisation, including:

10.6 per cent copper, 29.5 grams per tonne silver
8.17 per cent copper, 71.3g/t silver, 0.48g/t gold
8.08 per cent copper, 30.9g/t silver, 0.23g/t gold
8.06 per cent copper, 39.1g/t silver
6.64 per cent copper
6.31 per cent copper, 0.45 g/t gold
6.21 per cent copper, 59.6 g/t silver

The company observed limestone formations and resulting skarn to be like those encountered at the Oracle Ridge mine.

“These results illustrate the prospectivity of the OREX prospect which covers an area greater than at the Oracle Ridge mine,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“Following an initial geological review in 2020, we staked a significant package of prospective land to the south-east of the Oracle Ridge mine now known as OREX.

“This latest field program on OREX concluded that the lower contact of the Leatherwood granitic intrusive has abundant outcropping copper skarn.

“Our interpretation is that the limestone units which host the mineralised skarn were intruded by the Leatherwood granite, therefore the bottom of the Leatherwood at OREX is highly prospective for further mineralisation.

“We have commenced a detailed drone aeromagnetic geophysical survey over OREX to assist us in defining priority drill targets.”

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Eagle Mountain Mining Hits “Best Grades Ever” at Oracle Ridge

THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) was keen to report its latest drilling results from the company’s 80 per cent-owned Oracle Ridge mine project in Arizona, USA.

Eagle Mountain Mining declared the latest results to be the highest grades to be ever recorded at the project, including:

WT-21-06
12.7 metres at 3.96 per cent copper, 49.1 grams per tonne silver and 1.4g/t gold from 363.1m, including 8.7m at 5.2 per cent copper, 66.7g/t silver and 1.98 g/t gold;
34.4 per cent copper, 367g/t silver and 26.2g/t gold over 0.4m in massive chalcopyrite zone, the highest-grade assay ever recorded at Oracle Ridge.

WT-21-04
14m at 2.1 per cent copper and 22.6g/t silver from 275m, including 7.7m at 3.16 per cent copper and 31.4g/t silver;
24.2m overall mineralised intercept grading 1.38 per cent copper and 14.8g/t silver.

“WT-21-06 followed up the discovery of a high-grade breccia zone in hole WT-20-10 and delivered one of the best intersections recorded at Oracle Ridge, including the highest-grade copper, gold and silver assays ever recorded,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“We are thrilled by the outstanding grades but also extremely pleased by the thickness of the mineralised zone at the Leatherwood contact.

“Drilling is ongoing in the vicinity of WT-21-06 to assess further extensions to this new zone.

The intersection in holes WT-21-06 and WT-21-04 confirms the potential of the Leatherwood contact to deliver substantial additional resources at Oracle Ridge.

“While drilling continues, we are expediting earthworks to obtain access to new drill pads, particularly in the southern area where strongly mineralised holes drilled in the 1970s have never been followed up.”

 

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au