Why the Eagle Mountain (ASX:EM2) share price is surging 19% higher again today

The Eagle Mountain Mining Ltd (ASX: EM2) share price has been a strong performer on Thursday.

In afternoon trade, the copper and gold explorer’s shares are up 13% to $1.11.

Though, at one stage today, the Eagle Mountain share price was up as much as 19% to a record high of $1.17.

When its shares reached that level, it meant they were up an impressive 150% since the start of the year.

Why is the Eagle Mountain share price on fire today?

The Eagle Mountain share price was given a boost today by an update on drilling activities at its Oracle Ridge Project in Arizona, United States.

According to the release, the company is planning to accelerate exploration drilling at the project. This follows multiple strong assay and drilling…