Australia's Eagle Mountain Mining surges on mineral finds at US project

Eagle Mountain Mining

17/03/2023 04:58

** Shares of Eagle Mountain Mining Ltd  EM2.AX  rise as much
as 26.5% to A$0.215, their biggest intraday pct gain since April
16, 2021
    ** Stock hits highest level since Feb. 14
    ** Copper explorer says assay results show high-grade
copper, silver and gold mineralisation at its fully-owned Oracle
Ridge Copper Mine Project in Arizona, U.S.
    ** Adds the mineralisation is not uniform, indicating of a
larger system or thicker areas in the vicinity
    ** Further adds assay results from few drill holes still
pending
    ** More than 3.5 mln shares change hands, vs the 30-day
average volume of 338,000 shares
    ** Stock has been flat this year, as of last close
    
  

 (Reporting by Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@thomsonreuters.com;))