Announcement Date: 2022-03-15
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Eagle Mountain Mining Ltd.
Project name: Oracle Ridge
Location: United States
Commodities: Gold,Silver,Copper
Highlight: Drilling results incl. 44.1m @ 1.64% Cu, 17.58g/t Ag, 0.32g/t Au from 25.9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Eagle Mountain Mining Limited (ASX:EM2) (“Eagle Mountain”, the “Company”) is pleased to provide an update on its 100% owned Oracle Ridge Mine Project (“Oracle Ridge”, “Project”) in Arizona, USA. Assays have been received for seven drill holes, comprising six resource extension holes and one resource infill hole. Figures 2 and 3 illustrate the location of significant new results while Tables 1 and 2 summarises key intercepts. The main objective of infill drilling is to integrate and confirm historical results and allow Measured Resources, the highest confidence level under the JORC Code, to be declared. Results have been received for one hole, WT-21-63, drilled in the north-west of Oracle Ridge (“main mine area”) as part of the Resource Infill program. This drill hole provided very good support to nearby historical intercepts. Interestingly, mineralisation continued to be intersected between the main mineralised lodes in historically unsampled areas. While more work is required, these results are encouraging and could have favourable implications for reducing mining costs in a potential production scenario.
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