For thousands of other reports visit RSC's Mineral Intellingence Map
Phoenix Global Mining Ltd.
Summary
| Project: | Empire Copper Mine | |
|---|---|---|
| Deposit: | Empire Copper Mine | |
| Location: | United States | |
| Commodities: | Copper-Gold-Silver-Zinc | |
| Date: | 9/18/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 18-9-2018: 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. 24.7m @ 1.58% Cu, 1.96% Zn, 28.7g/t Ag, 1.20g/t Au from 7.3m. Phoenix Global | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roger Turner (Internal) | |
| ABSTRACT: | Phoenix Global Mining Ltd (AIM:PGM), the AIM quoted, North American-focused base and precious metals exploration and development company, is pleased to announce a further set of results from the Company's ongoing 2018 drill programme at the Empire Copper Mine in Idaho, USA (the 'Empire Mine'). These results follow those announced on 4 September 2018. Dennis Thomas, Chief Executive Officer, said, "It is our pleasure to present the latest assay results from the ongoing 2018 Empire drill programme. These results are "game changing" for the Company given they provide extensive evidence that a high-grade feeder system exists below the Empire oxide resource and demonstrate the existence of such a sulphide system within the Empire Mine."To date, we have focused on the oxides at surface but these results will inevitably require following up with further exploration of the sulphide system. We now have five drill holes that have intercepted predominantly chalcopyrite and bornite copper sulphide mineralisation in high-grade vein structures. This batch of results has given us renewed confidence to explore the sulphides in more detail. Also, quite significantly we have reported material gold and silver grades that would boost project economics. "In addition, we are pleased to report the discovery of a new zone of surface mineralisation in the Empire block, now referred to as Red Star. Red Star is located approximately 330 metres north-west of the northern end of the Empire resource area and is a 20 metre-wide surface outcrop across the structure. The mineralisation is a mix of oxides and sulphides, with strong chrysocolla and bornite showings, exposed in a heavily timbered canyon. Weather permitting, we plan to drill Red Star before the year end. I look forward to reporting the channel sampling results from Red Star when they become available. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report