Business
Commencement of Navarre Creek Drilling Programme
Commencement of Navarre Creek Drilling Programme.
About this update from Phoenix Copper Ltd. (united Kingdom)
[{"type":"text","content":"\n\nPhoenix Copper Limited / Ticker: PXC / Sector: Mining \n 17 July 2023\n \nPhoenix Copper Limited\n(\"Phoenix\" or the \"Company\")\nNavarre Creek Drilling Programme \nFirst Drill Programme at the Navarre Creek Project is now Underway\n \nPhoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted USA focused base and precious metals emerging producer and exploration company, is pleased to announce that the Company's 2023 drilling programme is now underway at the Navarre Creek exploration project in Custer County, Idaho.\nThe 2023 drilling programme marks a new phase of work on the gold exploration project located approximately five kilometres ('km') west of the Company's Empire Mine copper oxide deposit.\nThe 2023 Navarre Creek drilling programme is scheduled to comprise up to 60 reverse-circulation ('RC') drill holes from 30 drill pads (\"Drill Programme\") located at targets throughout the Navarre Creek claim block.\nThe programme is expected to build on the Company's current understanding of the area from previous exploration activities including geologic mapping, surface geochemistry, airborne hyperspectral mineral imaging, and geomagnetic ground surveys.\nRyan McDermott, Chief Executive Officer, said: \"Based on our team's exploration work up to this point, the results of the fieldwork conducted at Navarre Creek are extremely prospective. The area exhibits geological traits consistent with hydrothermal precious metal deposition common in volcanic terrains in the Western United States. These geological characteristics, along with the area's hydrothermally altered brecciated sedimentary units, make Navarre Creek a primary target for precious metal exploration. As always, I look forward to reporting assay results as soon as they are available.\nBackground on Navarre Creek\nDuring the 2021 field season, Phoenix contracted Magee Geophysical Services to acquire approximately 169 line-km of total field magnetic measurements at the Company's Navarre Creek project and SpecTIR, LLC of Reno, Nevada to complete an airborne hyperspectral survey of the same Navarre Creek area to identify prospective exploration targets in an area, many of which are largely concealed by glacial till.\nThe ground magnetics survey looked specifically for ...