Highlights
o Strong drilling results continued throughout the Quarter at the
- 55.3m at 2.16% Cu, 17.15g/t Ag and 0.54g/t Au, 0.024% Mo
- 10.6m at 2.63% Cu, 17.97 g/t Ag and 0.39 g/t Au
- 6.2m at 3.19% Cu, 44.94g/t Ag and 0.61g/t Au
o Mineralisation extended to far eastern Talon with first holes intercepting
- 24.5m at 1.68% Cu, 14.68 g/t Ag and 0.34g/t Au
- 13.2m at 1.75% Cu, 14.51g/t Ag and 0.37g/t Au
o Commencement of the first large diameter drilling in the Talon area to collect samples for metallurgical testwork - necessary for future feasibility studies
o Preparations for the refurbishment of the underground mine well advanced to enable underground diamond drilling
o Record diamond drilling of 14,500 metres for 37 holes during the Quarter
o 37 holes pending assay results at the date of this announcement
o
Commenting on the results, CEO
"Our team continues to progress towards our goal of re-opening Oracle Ridge - an underground copper mine of significance in
The recommissioning of the underground mine will enable underground drilling which will be far more cost effective compared to surface drilling. The recommissioned mine will also allow a future drill drive to be mined and ultimately the ability to commence mining with modest pre-production mining costs."
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About
Contact:
BEng, MBA, GAICD
Chief Executive Officer
tim@eaglemountain.com.au
Company Secretary
mark@eaglemountain.com.au
Investor and Media Relations
jm@janemorganmanagement.com.au
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