Eagle Mountain Mining Limited provided an update on its 100% owned Oracle Ridge Copper Mine Project (Oracle Ridge, or the Project) in Arizona, USA. Assay results have been received for 15 drill holes with key points outlined below. A single resource upgrade hole was drilled in the north-east mine area which intercepted some of the higher grades encountered at Oracle Ridge. The intercept was within a bornite-rich, structurally controlled zone in
the Escabrosa formation with the following spectacular assays: 25.5% Cu, 1,935g/t Ag and 15.2g/t Au over 0.6m (WT-22-175); This hole unfortunately deviated off target and intercepted an unsurveyed existing development drive, thereby not reaching the desired final depth. This result demonstrates the potential for additional localised high-grade structures which have not yet been identified by existing drilling due to the wider drill hole
spacing. The Daily mine area is entirely outside the existing resource. Drilling in this area was targeted at potential extensions to previously mined mineralisation. The results from six drill holes were received, with multiple strong intercepts received including: 3.20% Cu, 117.84g/t Ag and 0.28g/t Au over 6.7m (WT-22-172); 3.18% Cu, 27.85g/t Ag and 0.08g/t Au over 5.0m (WT-22-171); 9.78% Cu, 66.40g/t Ag and 0.22g/t Au over 0.9m (WT-22-170); 5.54% Cu, 48.30g/t Ag and 0.12g/t Au over 0.6m (WT-22-168). Two holes intercepted voids, most likely from previous mining activities. An underground survey is warranted to model the previously extracted areas and enable further targeting of mineralised zones. The Daily mine
area has been flooded to an unknown depth for many years, which prohibits entry to map and sample the remaining mineralisation. Until this area is dewatered, the only way to test it is by further drilling.