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Eagle flies third rig
to Oracle Ridge

Eagle Mountain Mining Ltd has mobilised
a third diamond drill rig to its Oracle Ridge
copper-silver-gold project in Arizona, US,
with two more rigs expected to arrive on
site later this year.
Following a series of encouraging re-
cent results at Oracle Ridge, the company
is accelerating its exploration programme
with the aim of growing and increasing the
confidence of the existing JORC resource
to underpin a potential future mining opera-
tion. It follows drilling success outside the
existing resource which extends more than Eagle Mountain has deployed a third diamond rig to its oracle Ridge project in Arizona, US
2km from north to south.
Drilling is continuing at Talon and will observed at McTavish. The results also ber for the Stage 1 feasibility study.
soon begin at the Golden Eagle prospect, extend the mineralisation to the south of Since the maiden resource for Bellevue
about 3km east of the lower Oracle Ridge the prospect, with 2km of strike between was reported almost three years ago, the
mine portal. McTavish and Leipold still open. The area Bellevue inventory has increased at a com-
Eagle Mountain chief executive Tim Ma- will be the focus of the company’s next ex- pound annual growth rate of 84%.
son said the third diamond rig would be ploration programme. Bellevue indicated it will also consider
used to define more resources in the meas- Assays from a further 38 holes at Cham- increasing the production plant capacity
ured category. pion and Cosmopolitan remain outstand- from 750,000 tpa to 1 mtpa in the upcoming
The company plans to mobilise two more ing. Once all results are received, Metalicty Stage 2 feasibility study.
rigs to site later this year. All drilling will be plans to release a maiden resource for the “Given the surplus capacity built into the
completed from surface, given the loca- Leipold, McTavish and Champion pros- Stage 1 feasibility study, we believe we can
tions of the targets, but future infill drilling pects, all of which are on granted mining achieve this expanded throughput rate for
may be done via the underground.
leases. minimal additional cost,” Bellevue manag-
ing director Steve Parson said.
McTavish delivers best Bellevue boldly boosts “This means we stand to generate in-
intercepts at Kookynie resource beyond 3 moz creased free cashflow from the higher
production rate and greater economies of
The final assays from recent drilling Bellevue Gold Ltd’s strategy to increase scale, which in turn should increase the
at the McTavish prospect have delivered forecast production from its namesake overall project economics significantly.”
some of the best high-grade intercepts project has received a boost via an 11% in-
ever recorded at Metalicty Ltd’s Kookynie crease in total resources. Askari listed and drilling
project in Western Australia. The Bellevue project resource increased
Best intercepts include 5m @ 25.9 g/t to 9.4mt @ 9.9 g/t gold for 3 moz, which is at Burracoppin
from 28m (including 3m @ 41.5 g/t from also up 25% on the amount reported in the New listing Askari Metals Ltd launched
30m and 1m @ 91.2 g/t from 30m), 6m @ Stage 1 feasibility study published in Feb- into a 2,000m RC project at its Burracoppin
20.6 g/t from 19m (including 4m @ 29.1 g/t ruary. This increase will form the basis for gold project after finalising a $5.75 million
from 20m) and 3m @ 19.1 g/t from 88m (in- the Stage 2 feasibility study due later this IPO.
cluding 1m @ 52.8 g/t from 10m). quarter. The focus is on shallow, high-grade tar-
Metalicity said given the dip and angle Indicated resources have also grown gets at Burracoppin where a number of his-
of the drilling, the intercepts were “very 34% since drilling was cut off last Novem- torical drilling intercepts have been recorded,
close to true widths” for the mineralisation

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