New to ASX: Eagle Mountain explores highly prospective Arizona gold region

By Meagan Evans. Published at Mar 19, 2018, in Juniors

Eagle Mountain Mining (ASX:EM2) listed on the ASX Friday, offering investors an opportunity to invest in an advanced copper/gold exploration project in mining friendly Arizona, USA, led by an experienced and dedicated management team.

The Silver Mountain copper/gold project is wholly owned by EM2 through its subsidiary Silver Mountain which was established in 2013 by Mr Charles Bass.

Bass, a highly respected and successful mining entrepreneur with over 40 years of experience in the mining exploration industry, identified the project and spent a number of years and considerable expense putting it together. Now EM2, led by Bass, intends to carry on the work he started several years ago.

The Silver Mountain Project sits on the northwest-southeast Laramide Arc, a geological feature containing world-class porphyry copper mines such as Bagdad, Miami and Resolution. It also lies on the southern extension of a northeast-southwest prospective metallogenic belt which hosts United Verde and Iron King.

The intersection of the above two trends results in a favourable geologic setting with high complexity and potential for multiple mineralisation styles, which are already being mapped, sampled and tested with geophysics.

Of course, as with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.

Since Silver Mountain and Silver Mountain LLC assembled the land package in 2013 substantial exploration work has been completed. This includes a large airborne VTEM geophysical survey, ground magnetics, induced polarisation and resistivity surveys, geochemical and structural surveys, and extensive mapping and sampling. This work led to the discovery of new areas of potential mineralisation and assisted in further defining near-term drill targets.

The company has now identified three main areas for further exploration:

Pacific Horizon: Prospective for breccia-hosted copper, gold and silver, which is thought to be the target of the historic miners. It is expected that drilling will commence in the second half of 2018.

Scarlett: Prospective for vein-hosted gold and porphyry copper mineralisation.

Red Mule: Prospective for detachment-related gold and copper mineralisation.

The listing delivers investors the first opportunity to invest in a public company exploring the highly prospective copper-gold region of Arizona since the Pacific Copper Mining Company listed in 1911 in Kansas City to develop the Pacific copper mine.

This is the first time that modern exploration has been carried out on a largely underexplored region of Arizona as well as being the first time that all patented claims along the six kilometres of gossan outcrop in the Pacific Horizon prospect have been consolidated under a single entity.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

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S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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