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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: | 8/7/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 7-8-2018: 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. 29.0m @ 0.75% Cu, 0.06% Zn, 13g/t Ag, 0.16g/t Au from 0m. Dennis Thomas, Chie | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roger Turner (Internal) | |
| ABSTRACT: | Dennis Thomas, Chief Executive Officer, said, "we are pleased to present the first result from the current drill programme we commenced in June. We are highly encouraged with Hole KXD18-02 which delivered 68 metres at 0.57% copper from surface including the initial 29 metres at 0.75% copper. This is a robust hole and on par with our expectations of this portion of the Empire Mine oxide deposit. Our average grade in the current JORC Resource is 0.52% copper, therefore, if we can deliver further holes like this it will materially improve the economics of our open pit project. "Also, we are pleased to note the acquisition of the Granite Block claims. This property, along with our other claims, should provide ample space to the southern end of the Empire Mine pit and any expansion beyond the existing resource in that area. Our current understanding of the historical production from the Granite patented claim provides the possibility of a southern extension to the known Empire resource. The potential for resource expansion in the Granite Block, and in the previously reported Horseshoe Block at the north end of the Empire property, is high and will be drill tested later in the summer as part of our ongoing BFS programme.’We are looking forward to the continued reporting of assay results throughout the summer, as well as reporting on the mineral resource potential of the Horseshoe and Granite Blocks." | |
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