Announcement Date: 2021-11-25
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Phoenix Copper Ltd.
Project name: Empire Copper Mine
Location: United States
Commodities: Gold,Silver,Copper,Lead,Zinc,Molybdenum,Tungsten
Highlight: Drilling results incl. 1.5m @ 0.44g/t Au, 68.7g/t Ag, 1.45% Cu, 0.53% Pb, 1.37% Zn, 166ppm Mo, 570ppm W from 115.8m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF, OTCQX ADR: PXCLY), the AIM quoted USA focused base and precious metals emerging producer and exploration company, is pleased to announce further analytical results from the Company’s 2021 Deep Sulphide core drilling programme, below the known open pit oxide resource, at the Empire Mine in Idaho, USA (‘Empire’). Hole KXD21-01 was abandoned at a depth of 68 m due to interference with historical underground workings. Hole KXD21-03 did not contain assay values considered significant for this reporting. Due to the limited amount of drilling in the area, the orientation and true thickness of mineralization are not yet understood. 2021 Drilling Programmes The 2021 drilling plan includes 4,500 m of diamond core in the Deep Sulphide (979 m completed to date), 3,000 m of dual-rotary drilling for hydrological characterisation (2,600 m completed to date), 2,300 m of reverse-circulation drilling at Navarre Creek, and 3,000 m of diamond core at Red Star and the Horseshoe-Whiteknob target.
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