Business
Strong results from drilling at the Empire Mine
Strong results from drilling at the Empire Mine.
About this update from Phoenix Copper Ltd. (united Kingdom)
[{"type":"text","content":"\n \nRNS Number : 5893F Phoenix Global Mining Ltd 30 October 2018 \n\nPhoenix Global Mining Ltd\nTicker LSE AIM: PGM, OTCQX: PGMLF / Sector: Mining\n \n30 October 2018\nPhoenix Global Mining Ltd ('Phoenix' or the 'Company')\n \nRecent exploration work indicates a \"district style\" opportunity in the Empire Mine vicinity and continued strong results from the ongoing drilling at the Empire Mine\n \n \nPhoenix Global Mining Ltd (AIM: PGM, OTCQX: PGMLF), the AIM quoted, North American-focused base and precious metals exploration and development company, is pleased to announce the results from the Company's ongoing surface sampling and drilling programmes at the Empire Copper Project in Idaho, USA (the 'Empire Mine'). The results of the 2018 drilling programme, to date, were published in September and early October, and can be found on the Company's website at www.pgmining.com\n \nProgramme Highlights\n \n· The mineralisation within the recently expanded property footprint suggests a vast mineralised system following mapping, sampling and drilling programmes \n· Mineralisation now proven along a 3.5 kilometre (\"km\") strike within the expanded 1,837-acre property with the existing shallow oxide resource envelope along a 1km strike (which is the subject of an ongoing Bankable Feasibility Study) \n· The Company will now fast track further exploration work as well completing the Bankable Feasibility Study\n· Drilling in and around the Empire oxide resource envelope returned high grade copper and silver assays, and confirmation of the presence of sulphides\n· A map showing the area can be found on the Company website at www.pgmining.com News.\n \nDennis Thomas, Chief Executive Officer, said, \"The results of the current programme suggest we have a district style opportunity along a 3.5km strike. We have only really begun to understand the scale of the opportunity following the mapping, sampling and drilling work outside the oxide resource envelope which has been the focus of our attention to-date. We have always believed that the area had strong potential. We needed to increase the property holdings to incorporate these potential areas which we hav...