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Phoenix Global Mining Ltd.
Summary
| Project: | Empire Copper Mine | |
|---|---|---|
| Deposit: | Empire Copper Mine | |
| Location: | United States | |
| Commodities: | Copper-Gold-Silver-Zinc | |
| Date: | 10/5/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-10-2017: 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. 32m @ 1.43% Cu, 0.01% Zn, 46.28g/t Ag, 1.36g/t Au from 38.1m. Phoenix Global | |
| Resources: | (Resource, Inf.): 12.8Mt @ 0.53% Cu for 68.2kt Cu contained at Empire | |
| 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 announce further drill results from its recently completed 28 drill hole reverse circulation ('RC') and diamond drill programme at the Empire Copper Mine in Idaho, USA (the 'Empire Mine'). Dennis Thomas, the Company's CEO, said, "Our Empire Mine programme continues to make rapid progress and the latest batch of drill results from the AP Pit continues to exceed management expectations. Significant copper intersections include 9.2m of 2.28% and 32m of 1.43% plus significant gold and silver by-products. The average grade of the existing JORC resource is 0.55% copper. I am also pleased to report that we have now begun drilling the first diamond drill hole targeting the deeper sulphides underlying the AP Pit. We believe these deeper sulphides have the potential to host higher copper grades, which could significantly enhance the potential of our project. Finally, we continue to be on track to deliver a new JORC Resource on the oxide resources in the AP Pit by the end of November 2017." The Company's drilling contractor, AK Drilling Inc. completed the initial 28 drill hole programme in the AP Pit oxide deposit in September 2017. This included 21 reverse circulation drill holes and 7 PQ and HQ diamond drill holes. The following assay results show the results from 17 of these holes. Holes 1 through 12 were reported on 12 September 2017. The results for holes 13 to 17 have been received since that date. | |
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