Diamond drilling to commence at Oracle Ridge copper project in coming days
Initial drill program will target extensions to high-grade portions of the existing resource
The drill rig and crews are currently mobilising to site in preparation of the commencement of drilling
Eagle Mountain Mining Limited (ASX:EM2) (“Eagle Mountain”, the “Company”) is pleased to provide an update on its planned exploration program at its 80% owned Oracle Ridge Mine Project (“Oracle Ridge”) in Arizona.
An initial diamond drilling program for approximately 2,000 meters will commence in the coming days. Boart Longyear, a reputable international drilling company, has been awarded the drilling contract. Eagle Mountain has negotiated for Boart Longyear’s “A Team” and have also developed a comprehensive COVID-19 management plan.
The drill rig is currently undergoing regular servicing at Boart Longyear’s Phoenix yard and is planned to mobilise to site in the next few days. Site access, services and initial drill pads are in place for drilling.
The initial drilling program will target extensions to high-grade portions of the existing Mineral Resource Estimate (MRE) in three priority zones as shown Figure 1 (image attached).
Eagle Mountain Mining CEO Tim Mason said: “It’s exciting to start drilling at Oracle Ridge as we work towards our goal of expanding the existing high-grade resource to support a future mining operation. Oracle Ridge already has some impressive copper intercepts, but it also benefits from extensive local and regional infrastructure in a Tier 1 mining jurisdiction. The drilling targets are in zones prospective for high grade copper mineralisation as extensions to the existing mineral resources. We look forward to updating the market as the results are received in the coming months.”
