Eurasian Minerals Inc. (TSXV:EMX,NYSEMKT:EMXX) announced 2013 drill results from the Copper Basin porphyry copper-molybdenum project in central Arizona. The mineralized system starts at surface, and six of the seven diamond drill holes completed this year bottomed in visible copper-molybdenum mineralization.
As quoted in the press release:
Hole CB-13-01 was altered and mineralized over its entire 919.7 meter length, and averaged 0.34% copper equivalent (0.18% Cu and 0.029% Mo), with higher grade sub-intervals of 104.5 meters averaging 0.43% copper equivalent (0.21% Cu and 0.039% Mo) and 63 meters averaging 0.65% copper equivalent (0.16% Cu and 0.090% Mo). EMX’s exploration results confirm the presence of a large porphyry copper-molybdenum system with nearly a kilometer of vertical extent within a 1.5 square kilometer area defined by the presence of porphyry style alteration, mineralization, and related geophysical anomalies. Copper Basin is a Designated Project being advanced with partner Vale Exploration USA Inc., a subsidiary of Vale S.A. (“Vale”).