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Phoenix Global Mining Ltd.
Summary
| Project: | Empire Copper Mine | |
|---|---|---|
| Deposit: | Empire Copper Mine | |
| Location: | United States | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 9/12/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 12-9-2017: Phoenix Global Mining Ltd. announces an Exploration/Drilling Update report for its Empire Copper Mine deposit at the Empire Copper Mine project. Drilling results incl. 70.1m @ 0.34% Cu, 5.85g/t Ag, 0.38g/t Au from 0m. Dennis Thomas, the Company | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roger Turner (Internal) | |
| ABSTRACT: | Dennis Thomas, the Company's CEO, said, "The Empire Mine continues to advance at pace. Our initial drilling programme has been completed and the assay results from 14 of the total 28 holes confirm the robustness of the oxide deposit copper grades. The assay results from the remaining 14 holes will be received in the next few weeks at which time the focus will be to update the oxide ore resource estimation for the AP open pit. We continue to advance the PFS which is focused on proving the commercial viability of mining these oxides and recovering copper cathode by heap leaching, solvent extraction and electrowinning (SX-EW). We have now appointed a strong professional team of consultants to carry out the required studies with Q2 2018 as the target date for completion of the PFS."Whilst the oxide resource offers the near-term development opportunity, the deeper sulphide resource is of potentially significant value to us given the historic grades of up to 11.4% copper plus gold, silver and tungsten that have been recovered. Accordingly, I am pleased to report that we have appointed an underground mining contractor to open the portals (tunnel entrances) of the old workings on various levels and, once refurbished, ventilated and made safe, to commence a programme to assess the deeper sulphide potential beneath the AP pit oxides. We look forward to updating shareholders on progress across our exploration programme in due course." | |
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