THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) updated market watchers on recent drilling activities undertaken at the company’s 80 per cent-owned Oracle Ridge Mine project in Arizona in the United States.
The company provided details of four holes that were drilled and logged from a recent six hole program.
These holes, WT-20-02 to WT-20-05, were positioned to test potential mineralisation outside of the current known resource.
WT-20-02 was drilled to test the eastern extension of mineralisation and the previously untested Geesman Fault, which is a major structure that bounds Oracle Ridge to the north, intersecting several zones of sheared Leatherwood granite.
WT-20-03 tested a poorly drilled area the company considers to have potential for extensions of high-grade copper intersections encountered by historical underground drilling.
Extension to the mineralisation was encountered, although further drilling is required to establish continuity, tenor and thickness of the mineralisation between WT-20-03 and the historical underground holes.
WT-20-04 was drilled to provide a better assessment of mineralisation true width encountered in a nearby historical drill hole.
WT-20-04 was extended at depth to also confirm intersections in a historical hole in a scarcely drilled area of the deposit.
Both zones were intersected.
WT-20-05 tested the western extension of mineralisation in historical holes and was extended at depth to test the contact between limestone sediments and Leatherwood granite intrusive.
This drill hole intersected both targets with copper sulphides observed.
“We are excited by what we have seen in the first six holes at Oracle Ridge and we are eagerly awaiting assay results,” Eagle Mountain Mining CEO Tim Mason said in the company’s announcement to the Australian Securities Exchange.
“As all the holes are located outside the existing mineral resource, any positive results from the assays are likely to increase the quantity of the known mineralisation.
“In addition, the mineralised zone within the ‘Leatherwood’ at the bottom of WT-20-05 is particularly interesting as it changes our interpretation of the local geology and increases the prospectivity of the area.
“Following the positive observations from the drill core, along with our recently completed capital raise and conversion of options by our managing director, Charles Bass I am pleased that we have extended our drilling program to at least December 2020.”