Eagle Mountain Mining Limited (ASX:EM2) has made strong visual observations at the company’s 100% owned Oracle Ridge Mine Project in Arizona, USA.
CEO, Tim Mason, said copper mineralisation was observed in two drill holes, WT-21-12 and WT-21-15.
Following the recent positive report by Dr Larry Meinert, the prospectivity of the southern zone, renamed ‘The Talon’ zone is enhanced and is a key priority for our future drilling,” Mr Mason said.
“The latest set of drill results indicates there is increasing prospectivity to the south and west of our recent drilling. This conclusion aligns with Dr Meinert’s findings and presents an exciting opportunity for future exploration and drilling activities.
“We are seeing good gold and silver values along with copper in several of the holes drilled in the northern and western side of The Talon zone.
“Over the last few months, we have established roads and four initial drill pads in The Talon zone with more proposed. Drilling has now commenced on the first of these new pads.
“Pleasingly, two step-out holes on the western and southern extent of The Talon has intersected bornite and chalcocite rich mineralisation, both of which have very high copper content minerals of 63.3% and 79.8% Cu, respectively.
“Geological work at The Talon not only aims to expand our mineral resources, but will focus on delineating possible feeder zones which could connect to a deeper mineralised system. If a feeder system can be defined this will enable targeting of prospective mineralised zones below the Leatherwood intrusive.”
Recent work by Larry Meinert, a world-renowned skarn expert, aided by the company’s technical team, has identified the southern geophysical anomaly at Oracle Ridge (now known as ‘The Talon’ zone) as an area of potential upwelling of copper-rich mineralisation.
To date, drilling of The Talon zone has focused on the north-eastern side of the magnetic high anomaly. This has been due to limited access with the steep terrain.
Following positive drilling results in this area, the company has established separate access roads and four initial drilling pads to enable expanded coverage of drilling of the magnetic high geophysical anomaly. Additional pads and roads are being constructed to enable further expansion of the target area.