Eagle Mountain Mining Limited (ASX:EM2)
Eagle Mountain Mining Limited (ASX:EM2) is a copper-gold explorer focused on the strategic exploration and development of advanced and greenfields projects in Arizona, USA.
Arizona is at the heart of America’s mining industry and home to some of the world’s largest copper discoveries, now owned by major mining companies including BHP, Rio Tinto, Freeport McMoRan and Hudbay. Eagle Mountain’s Oracle Ridge and Silver Mountain Projects are within the Laramide Arc which hosts many of these significant copper porphyry deposits.
Oracle Ridge is a high grade, advanced stage underground copper/gold/silver project. The project includes an NI43-101 resource of 11.Xmt at 1.57%Cu, 17.47g/t Ag and 0.18g/t Au. Eagle Mountain’s view is that there is significant potential to expand the known resources through additional drilling, along with exploration at depth to define the source of the mineralisation.
Silver Mountain is a project which has multiple small copper/gold mines with copper values up to 11% and gold up to 10g/t. The project has not had modern exploration applied and Eagle Mountain’s exploration objective is to delineate a significant resource and source of mineralisation. Drilling undertaken by Eagle in 2019 resulted in our understanding that the mineralisation is due to a porphyry system and evaluation is ongoing.