Business
Resource Update for the Empire Open Pit Mine
Resource Update for the Empire Open Pit Mine.
About this update from Phoenix Copper Ltd. (united Kingdom)
[{"type":"text","content":"\n \n \n RNS Number : 7265L\n Phoenix Copper Limited\n 04 May 2020\n \n \n \n Phoenix Copper Limited / Ticker: PXC / Sector: Mining \n \n 4 May 2020\n \n \n \n \n Phoenix Copper Limited\n (\"Phoenix\" or the \"Company\")\n \n NI 43-101 Compliant Resource Update for the Empire Open Pit Mine shows substantial increase in gold, silver, copper, and zinc\n \n \n \n \n Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted North American focused base and precious metals company, is pleased to announce an updated NI 43-101 compliant resource for its Empire Open Pit Mine in Idaho, USA. The results of the Empire Mine work programme, to date, were published throughout the period 2017 to present, and can be found on the Company's website at \n www.phoenixcopperlimited.com\n . \n \n \n \n \n \n Highlights\n \n \n \n \n \n · \n New NI 43-101 compliant resource reported at the Empire Mine oxide open pit based on future recovery of copper, zinc, gold and silver increases Measured & Indicated resources by 27% \n \n \n \n \n \n · \n Measured & Indicated open pit resource using a combined metal cut-off grade of 0.36% copper equivalent, compared with the previously reported May 2019 resource using a copper-only cut-off of 0.184%, has increased as follows: \n \n \n \n \n \n \n \n \n \n Metal \n \n \n \n \n Measured & Indicated resource\n \n \n \n \n \n \n \n Including Inferred resources \n \n \n \n \n \n \n May 2020\n \n \n \n \n May 2019\n \n \n \n \n Increase\n \n \n \n \n \n \n Copper (tonnes)\n \n \n \n \n 81,948\n \n \n \n \n 73,872\n \n \n \n \n 11%\n \n \n \n \n 129,932\n \n \n \n \n \n \n Zinc (tonnes)\n \n \n \n \n 37,650\n \n \n \n \n 29,813\n \n \n \n \n 26%\n \n \n \n \n 50,549\n \n \n \n \n \n \n Silver (ounces)\n \n \n \n \n 6,824,460\n \n \n \n \n 6,038,000\n \n \n \n \n 13%\n \n \n \n \n 9,502,495\n \n \n \n \n \n \n Gold (ounces)\n \n \n \n \n 217,500\n \n \n \n \n 139,000\n \n \n \n \n 56%\n \n \n \n \n 342,249\n \n \n \n \n \n \n Measured & Indicated Tonnes\n \n \n \n \n 19,302,000\n \n \n \n \n 15,169,000\n \n \n \n \n 27%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n · \n The next step is to continue metallurgical evaluation of process designs for the polymetallic ore with the objective of ma...