Fantastic rock-chip results at surface, from what looks like malachite-encrusted gossan. Malachite can carry very high Cu grades, in a weathered and concentrated form of the underlying orebody source.
Importantly the orebody appears to be daylighting, indicating the possibility of ore from surface, reducing economic risk by potentially bringing returns in from first blasts during mining operations. Might be a bit of a stretch to draw this conclusion from some surface chips, but let's not dampen the enthusiasm here!
Yet again a strong announcement indicating the huge potential of OREX with some evidence backed data.
Let's get that second rig up and running and poking holes in there. Hopefully management is negotiating permissions to drill, as low disturbance exploration activities like rock chip sampling can only take the prospect so far.
Great work Eagle Mountain!
EM2 Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
