Eagle Mountain Mining Limited (ASX:EM2) has received high-grade copper assay results from its ongoing drilling programme at the company’s 80% owned Oracle Ridge Mine Project in Arizona, USA.
Highlight hole WT-20-15 intersected 6.1m at 4.24% Cu, 36.16g/t Ag and 0.36g/t Au from 188.0m.
Other significant assay results include:
- 2.0m at 2.45% Cu, 14.9g/t Ag and 0.42g/t Au from 228.7m in WT-20-12;
- 2.0m at 2.35% Cu, 17.1g/t Ag and 0.29g/t Au from 262.0m in WT-20-12;
- 6.0m at 1.4% Cu, 12.26g/t Ag and 0.17g/t Au from 274.0m in WT-20-12; and
- 7.3m at 1.45% Cu, 11.59g/t Ag and 0.18g/t Au from 250.6m in WT-20-14
The high-grade assays received in hole WT-20-15 are particularly exciting, as they provide a potential extension to mineralisation in hole WT-20-04 which intersected 4.6m at 5.28% Cu including 0.9m at 13.05% Cu and 127g/t Ag,” CEO, Tim Mason, said.
“The first drillhole of 2021 has already been completed with the second hole well underway. We continue to see good zones of mineralisation in the early 2021 drill core.
“With nearly all of the company’s drilling intersecting reportable mineralisation, Oracle Ridge continues to demonstrate it is an underexplored project with significant potential. I look forward to building upon the strong results received to date, with drilling planned to continue in 2021.”
WT-20-12 was designed to test the western extensions to the high-grade mineralisation in hole WT- 20-11. The drill hole intersected three zones of high-grade mineralisation up to 6m in thickness. Zones are hosted by sediments, above the Leatherwood-Sediments contact, consistent with the high-grade mineralisation observed in adjacent holes.
Further drilling is currently being planned in the area to expand the mineralised horizon and understand the correlation between skarn mineralisation and breccia-hosted mineralisation.
WT-20-13 was drilled to the east of an unconstrained high-grade historical intersection in hole C-058 (10.1m @ 3.47% Cu and 35.23 g/t Ag). The drill hole intersected moderate mineralisation with two zones returning copper values exceeding the reporting cut-off.