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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: | 7/31/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 31-7-2017: 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. 22.9m @ 0.66% Cu, 0.10% Zn, 92.9g/t Ag from 16.8m. Phoenix Global Mining Ltd | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roger Turner (Internal) | |
| ABSTRACT: | Phoenix Global Mining Ltd (AIM:PGM), the AIM quoted, US-focused copper exploration and development company, is pleased to provide an update regarding exploration and development activities at the Empire Copper Mine in Idaho, USA. Dennis Thomas, the Company's CEO, said, "Our 2017 Drill Programme is progressing encouragingly as these initial results to date demonstrate that we have a stronger average grade than the current JORC Resource which was 0.53% in the AP Pit. We now look forward to publishing more assays and demonstrating that the current resources in the AP Pit will form a robust basis to deliver 7,000 tonnes of copper cathode per annum when we reach production. We will be looking at publishing a revised JORC resource by the end of the year and in parallel with our PFS programme. "Moreover, the Empire Copper Mine is now a hive of activity, with two senior geologists and two junior geologists plus support staff on site who are all working well under the Project Manager, Ryan McDermott. Negotiations with consulting groups, contractors and metallurgical test laboratories to carry the mine forward as planned are well advanced and we look forward to presenting regular updates of our progress to our shareholders in the coming weeks." | |
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