Business
Corporate Video of the Empire Mine
Corporate Video of the Empire Mine.
About this update from Phoenix Copper Ltd. (united Kingdom)
[{"type":"text","content":"\n \nRNS Number : 9379Q Phoenix Global Mining Ltd 18 September 2017 \n\nPhoenix Global Mining Ltd / Ticker: PGM / Sector: Mining\n18 September 2017\nPhoenix Global Mining Ltd ('Phoenix' or the 'Company')\nCorporate Video of the Empire Mine\n \nPhoenix Global Mining Ltd (AIM:PGM), the AIM quoted, US-focused copper exploration and development company, is pleased to announce that a video providing an overview of its Empire Copper Mine in Idaho, USA and the work currently being conducted on site, is now available to view on the Company's website: https://www.pgmining.com/pgm-media-and-presentations \n \n**ENDS**\n \nFor further information please visit www.pgmining.com or contact: \n\n\n\n\nPhoenix Global Mining Ltd\n\n\nDennis Thomas & Richard Wilkins \n\n\nc/o St Brides Partners \n+44 20 7236 1177\n \n\n\n\n\nSP Angel\n(Nominated Advisor)\n \n\n\nLindsay Mair / Caroline Rowe\n\n\nTel: +44 20 3470 0470\n\n\n\n\nBrandon Hill Capital (Broker)\n\n\nJonathan Evans / Oliver Stansfield/ Alex Walker/Robert Beenstock\n \n\n\nTel: +44 20 3463 5000\n\n\n\n\nSt Brides Partners\n(Financial PR)\n\n\nCharlotte Page / Susie Geliher / Hugo de Salis\n\n\nTel: +44 20 7236 1177\n\n\n\n\n \n \nNotes\n \nPhoenix Global Mining Ltd (AIM: PGM) is a US-focused, base metal explorer and developer, which is fast-tracking the historically-producing Empire Mine in Idaho, USA back into production.\n \nHaving established an initial copper oxide JORC resource of 12.8mt grading 0.53% copper ('Cu') for 68,200t contained Cu from historical drill holes, Phoenix has defined a two-phase development strategy. Phase One is focused on commencing low cost, open pit production from the current oxide resource, targeting 7,000t copper cathode per annum by 2020 via an SX-EW plant. Stage Two will look to extend the life of mine by targeting the deeper (below c.120m), higher grade copper sulphides, where intercepts of up to 11.4% Cu have been recovered. Preliminary Feasibility Study work on the priority open pit oxide resource is already underway.\n \nIt is estimated that only 5% of the potential ore system has been explored to date and accordingly there is significant opportunity to increase the resource through phased exploration; the current resource relates to the oxide resource only, which remains open alo...