Business
Red Star Update
Red Star Update.
About this update from Phoenix Copper Ltd. (united Kingdom)
[{"type":"text","content":"\n \n \n \n RNS Number : 3384F\n Phoenix Copper Limited\n 16 November 2020\n \n \n \n Phoenix Copper Limited / Ticker: PXC / Sector: Mining \n \n 16 November 2020\n \n \n \n Phoenix Copper Limited\n ('Phoenix' or the 'Company')\n \n Red Star Update\n Structural geology report confirms the significant potential at the Red Star silver deposit \n & Total Voting Rights\n \n Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted, North American-focused base and precious metals exploration and development company, is pleased to announce the publication of the independent report \"Geologic Mapping and Structural Analysis in the North Pit Region, Mackay Mining District\" (the \"Report\") focusing on the Red Star silver project (\"Red Star\") by David W. Rodgers, Ph.D., Consultant Structural Geologist to Phoenix.\n \n Highlights:\n - The Report confirms the potential of further high-grade silver and lead at Red Star\n - The Report confirms the likely extension of Red Star through to the historically mined high grade Horseshoe and White Knob claim blocks\n - The Report highlights the association of high-grade silver mineralisation with the magnetite-bearing skarn formation, thus allowing a magnetic geophysical survey to optimise an ongoing targeted drilling programme\n \n Dr. Rodgers is familiar with the geology of the Company's Empire Mine property and the local region. He was the structural geology professor in the Idaho State University (ISU) Department of Geology from 1985 to 2010, Associate Dean of ISU College of Science and Research from 2010-2018, and is currently the Associate Vice-President for Research at ISU. During Dr. Rodgers' tenure as a structural geology professor, he mapped extensively in the Central Idaho area, including the more distal extents of the same rock formations present at the Company's Empire Mine. \n \n \n \n \n Ryan McDermott, Chief Executive Officer, said,\n \"I am pleased to provide this update for our Red Star project and present the findings of Dr. Rodgers' report, specifically as it is related to future exploration and drill hole targeting. We are particularly excited by the similarity recognised between Red Star and the historically mined Horseshoe and White Knob claim blocks, and the potential of an extensi...