Western Talon could be a ‘game-changer’ for Oracle Ridge ahead of mineral resource update
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Copper-gold explorer Eagle Mountain Mining reckons the Western Talon area could be a game-changer at its Oracle Ridge mine project in Arizona, USA.
Drill hole WT-21-25 intersected four high-grade lodes:
Eagle Mountain Mining (ASX:EM2) said there’s significant resource expansion potential at Western Talon, with assays pending for two more drill holes in the area.
“The Western Talon is becoming a potential game-changer at Oracle Ridge,” Eagle Mountain Mining CEO Tim Mason said.
“We anticipated intersecting multiple stacked lodes in this area and WT-21-25 has encountered four strongly mineralised lodes with cumulative downhole length exceeding 34 metres.”
“These results suggest high-grade mineralisation could be continuous for over 190 metres and strong potential remains for further extensions to the south.”
Mason said the goal of the ongoing resource expansion program is to identify new mineralisation of sufficient grade to increase the existing Mineral Resource Estimate (MRE).
“These results are a meaningful step in that direction,” he said.
“The stacked nature of the lodes at the Western Talon means that every successful hole could add significant tonnage to the MRE.”
“We are seeing improved drilling productivity as the monsoon season passes.”
“We are eagerly waiting for assays for 18 holes, including two recently completed at the Western Talon.”
The company has one rig currently drilling at Western Talon, focusing on extensions to known mineralisation and infill to confirm the continuity of mineralisation between known intersections.
The plan is to infill drill to a data density sufficient to declare an inferred resource for the next mineral resource update.
Plus, two additional drill rigs are currently operating at the project, with one targeting extensions to mineralisation in the southernmost part of the Talon target.
The other rig is drilling a gold-copper-silver target at the Golden Eagle prospect – which is around 2km to the east of the mine portals.
And 18 holes are currently being cut, sampled, and assayed with results pending.
This article was developed in collaboration with Eagle Mountain Mining, 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.