Eagle Mountain soars as drilling hits stacked lodes at The Talon
Link copied to
Drilling has highlighted the potential for stacked mineralised lodes at The Talon target within Eagle Mountain’s Oracle Ridge copper mine in Arizona.
This stacked potential was noted in the first drill hole into the western side of The Talon, which intersected three mineralised zones:
Additionally, a high-grade assay of 5.7m at 4.44 per cent copper, 44.87g/t silver and 0.93g/t gold from 314.5m were also returned from a southern step-out of the exciting Leatherwood-Sediments contact.
Eagle Mountain (ASX:EM2) chief executive Tim Mason drew attention to its prior drilling covering just 20 per cent of The Talon magnetic anomaly, which indicates that there’s plenty of scope to find more mineralisation.
“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,” he noted.
“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.”
Activity levels are ramping up Oracle Ridge with a second rig having commenced drilling.
Results from the western hole WT-21-15 that intersected multiple zones, historical hole further to the east, and visual observations from two further holes suggest that four stacked mineralised zones may be present in the area.
Eagle Mountain says this is extremely encouraging as the bulk of Oracle Ridge’s existing resource of 12.2 million tonnes grading 1.51 per cent copper, 16g/t silver and 0.19g/t gold to the north is similarly hosted by four stacked lodes.
Meanwhile, the high-grade hit in WT-21-12 was drilled in the eastern Talon area, targeting the Leatherwood-Sediments contact about 45m south of a previous outstanding intersection of 13.3m at 2.43 per cent copper, 52.6g/t silver and 0.94g/t gold from 348.7m.
This result confirms the Leatherwood-Sediments contact as a richly endowed geological feature in the eastern Talon area which remains open to the east and the south.
This article was developed in collaboration with Eagle Mountain, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.