Jane Morgan Management
Significant Expansion Potential Identified at Oracle Ridge 105 New Near Mine Claims Staked
Highlights:
- Eagle Mountain has staked 105 new Claims surrounding the Oracle Ridge Copper Mine Project
- Potential to extend the Oracle Ridge skarn mineralisation by 3 kilometres
- The new Claims are within 5 kilometres of mine portals and cover two prospective areas named OREX and Red Hawk, with OREX prospective for skarnhosted high-grade Cu-Ag-Au mineralisation, and Red Hawk potentially prospective for porphyry copper mineralisation
- The new Claims follow a field mapping program:
- Mineralisation found within the Leatherwood intrusive; up to 9.15% Cu and 192 g/t Ag in dump grab samples
- Skarn-hosted mineralisation found below the Leatherwood intrusive; up to 2.38% Cu, 721 g/t Ag, 0.44 g/t Au in grab samples
- Mineralisation in same limestone formations as at Oracle Ridge
- Strong geophysical anomalies in VTEMTM Plus regional survey
- Field observations support the concept of a potential deep copper porphyry as source of mineralisation
Eagle Mountain Mining Limited (ASX:EM2) ("Eagle Mountain", the "Company") is pleased to
announce that subsequent to field follow-up of geophysical anomalies in the near-mine area, in
pursuit of expanding its potential mineable resource base, the Company has staked 105
Unpatented Mining Claims ("Claims") surrounding Eagle Mountain's 80% owned Oracle Ridge
Copper Mine Project ("Oracle Ridge") in Arizona.
The new Claims are within five kilometres of mine portals and cover two prospective areas
named OREX and Red Hawk. OREX is prospective for skarn-hosted high-grade Cu-Ag-Au
mineralisation while Red Hawk is potentially prospective for porphyry copper mineralisation
(Figure 1).
The areas for the Claims were selected following a systematic exploration program completed
by Eagle Mountain's technical team over the past nine months. The program included regional
geophysics, multi-spectral image analysis, historical data review and geological mapping and
sampling.
Eagle Mountain Mining CEO, Tim Mason,
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