Tonight we are delighted to welcome four companies CEO’s to our last live event of the year: Suzanne Dilly, CEO at ValiRx, Vincent Mascolo, CEO at Atlantic Lithium, Helge Hammer CEO at Longboat Energy and Bert Monro CEO at Coro Gold. Please register here.

Less Ads, More Data, More Tools Register for FREE

IN BRIEF: Phoenix Copper intersects metals during Empire mine drilling

Thu, 25th Nov 2021 16:43

Phoenix Copper Ltd - British Virgin Islands-based base and precious metals production and exploration company - From the Deep Sulphide core drilling programme at the Empire mine in Idaho, US, intercepts high grade mineralisation from three drill holes, with 2.9 grams per tonne of gold, 187 grams per tonne in silver, 1.45% copper, 4.93% zinc and 8,030 parts per million of tungsten.

So far, 979 metres of the current 4,500 metre programme has been completed to date.

However, one drill holes was abandoned due to interference with historical underground workings.

"We are very pleased to announce that drilling from a further four core holes intercepted high-grade gold, silver, copper, lead and zinc, as well as tungsten as high as 0.80%. These four core holes, KXD21-03 through KXD21-06, targeted the sulphide zone below Empire's open pit oxide resource. The Phoenix team is encouraged by these results which provide further evidence of a metal-rich system below the open pit oxide resource," said Chief Executive Officer Ryan McDermott.

Current stock price: 60.00 pence, down 7.7% on Thursday

Year-to-date change: up 52%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Related Shares

More News

IN BRIEF: Phoenix Copper intersects metals during Empire mine drilling

IN BRIEF: Phoenix Copper intersects metals during Empire mine drilling

25 Nov 21 16:43

Phoenix Copper reports further results from 2021 drilling

(Sharecast News) - United States-focussed metals explorer and producer Phoenix Copper announced further analytical results from its 2021 deep sulphide core drilling programme on Thursday, reporting that holes KXD21-04, KXD21-05 and KXD21-06 intercepted high-grade mineralisation across a suite of metals.

25 Nov 21 14:07

TRADING UPDATES: NewRiver watchdog blow; Vianet eyes resuming payouts

TRADING UPDATES: NewRiver watchdog blow; Vianet eyes resuming payouts

27 Oct 21 17:58

Phoenix Copper acquires partial royalties on Empire Mine

(Sharecast News) - United States-focussed base and precious metals explorer and producer Phoenix Copper has entered into agreements with Honolulu Copper Corporation and Mackay to acquire part of the 2.5% royalty payable to each of them, as well as the Honolulu mining claims, under mining leases on the Empire Mine in Idaho, it announced on Wednesday.

27 Oct 21 14:11

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.