EAGLE MOUNTAIN MINING LIMITED (ASX:EM2) - IPO - Eagle Mountain Mining Limited, page-52 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by blueballs ↑

Tolga and friends all over this one-

Charlie Bass established Eagle Mining Corporation in 1992 with Tony Poli and was responsible for the deal that led to the discovery of the very successful Nimary Gold Mine. Eagle Mining Corporation won both Explorer of the Year and then Developer of the Year at Diggers and Dealers conference and was subject to a hostile takeover in 1997.

Charlie then co-founded Aquila Resources Ltd with Tony Poli in 2000 and helped transition it from a gold explorer to iron ore and coal before it too was subject to a hostile $1.4 billion takeover in 2014 at the hands of a joint bid between Baosteel and ASX listed Aurizon.

First Eagle Mining Corp then Aquila Resources (Latin for Eagle) – both subject to hostile takeovers. Now Charlie is launching the big bird again with Eagle Mountain

Eagle Mountain Mining Limited (ASX:EM2) is set to list on ASX on Friday 16th March 2018 at 12pm AEST, it should make good viewing as always in my opinion. Lead by an experienced and highly successful board, Eagle Mountain aims to progress its copper and gold assets at the Silver Mountain Project in central Arizona, USA.

EM2’s wholly-owned Silver Mountain Project sits on the intersection of two world class structural trends, resulting in the huge potential for multiple economic mineralisation ore types. The prospectivity of the project has been verified by management through extensive exploration techniques and are now drill ready.

The northwest-southeast Laramide Arc,a geological feature containing world-class porphyry copper mines (e.g. Bagdad, 2016 Reserves 1.12Bt @ 0.34% Cu; Miami, 1915-1989 Production 689Mt @ 0.69% Cu) and deposits (e.g. Resolution, Resources 1.79Bt @ 1.54% Cu). In addition, the Project area also lies on the southern extension of a northeast-southwest prospective metallogenic belt which hosts the world class United Verde mine (Production 34.5Mt @ 5% Cu and 1.3 g/t Au) and Iron King mine (Production 6Mt @ 7% Zn, 3% Pb and 2.8 g/t Au), both of volcanogenic massive sulphide affinity.

Multiple historical mines were developed along the Pacific Horizon in the late 1800s and early 1900s including the Pacific mine (500ft shaft, average mined grade 10% Cu). Dump samples collected by Eagle Mountain and its subsidiaries at five of the historical mines returned assays up to 11.1% Cu, 10.7g/t Au and 251g/t Ag (Figure 3.) Pacific Horizon is also coincident with EM2’s patented claims giving the company both mineral and surface rights, this being the first time that all patented claims along the 6km of gossan outcrop on the prospect have been consolidated under a single entity.

This is the first time that modern exploration has been carried out in this largely underexplored region of Arizona. Substantial work has already been undertaken by Eagle Mountain and its subsidiaries including: a large airborne VTEM geophysical survey, ground magnetics, induced polarisation and resistivity surveys, geochemical and structural studies, and extensive mapping and sampling. This work has led to the discovery of new areas of potential mineralisation and assisted to further define near-term drill targets.

Three main areas of interest have been identified for drilling: o Pacific Horizon: Prospective for breccia-hosted copper, gold and silver, thought to be the target of the historic miners. It is expected that drilling will commence in the second half of 2018. o Scarlett: Prospective for vein-hosted gold and porphyry copper mineralisation. Surface samples assaying up to 86 g/t Au.

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

Surface samples assaying up to 7.6 g/t Au.

This is the first time that investors have the opportunity to invest in a public company exploring this 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.

Subject to the successful completion of the Offers, Eagle Mountain is proposing to carry out an aggressive exploration program over the next two years to fully evaluate the existing Silver Mountain Project land package and continue local and regional targeting.

Expand

Well there's certainly copper in the area

http://www.freeportinarizona.com/our-company/az-operations/bagdad/

Meanwhile, just across the desert in California, there's another Bagdad - famous for it's truck-stop café

Not for everyone - but a classic movie in my opinion!

I see O'Keefe ( Riversdale / Champion Iron) in the top 20 - but Tolga in the Top 20? Where exactly?

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Last 7.0¢		Change 0.001(1.45%)		Mkt cap ! $27.50M

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Last updated 15.43pm 10/05/2024 ?

IPO - Eagle Mountain Mining Limited, page-52

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