| Announcement Date: | 2022-01-17 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Phoenix Gold Resources Corp. |
| Project name: | York Harbour |
| Location: | Canada |
| Commodities: | Gold,Silver,Copper,Zinc,Cobalt |
| Highlight: | Drilling results incl. 52.2m @ 0.85% Cu, 0.53% Zn, 1.75g/t Ag, 0.01g/t Au, 91.81ppm Co from 145.36m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | VANCOUVER, BRITISH COLUMBIA – Vancouver, British Columbia, January 17, 2022 – Phoenix Gold Resources Corp. (the “Company”) (TSXV: PXA) (OTCPK: PGRCF) (Frankfurt: 5DE) is pleased to provide the assay results from nine diamond drill holes that were completed as part of the Company’s successful first phase of drilling on the York Harbour Copper-Zinc-Silver Project situated 27 kilometres west of Corner Brook, Newfoundland. The results presented below expand upon previously released results from selected sample submissions announced on October 12, 2021. The additional laboratory assay results from the Phase 1 confirmation drilling program further validate the historical drilling results with 9 of the 9 drill holes intersecting disseminated and massive sulphide mineralization in 296 samples, totalling 207.7 m of sampled core. The results presented below expand upon previously released results from selected sample submissions announced on October 12, 2021. The assay results suggest further mineralization potential extending beyond the historical ‘A’, ‘G’ and ‘H’ zones which were the focus of the Phase 1 program. The results also highlight potential for broader zones of mineralization extending beyond the previously known extents of mineralization identified in the historical records that are available. |
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