Next Investors logo grey

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


Published 19-MAR-2018 08:50 A.M.


3 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

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.

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.