Phoenix Copper Ltd - North American-focused base and precious metals explorer - Reports 19% increase in the measured & indicated resource for the Empire Mine and a USD122 million increase in contained metal value as compared with the previous resource statement.
"Including the Inferred resources, we now have 129,641 tonnes of copper, 58,440 tonnes of zinc, 10,133,772 ounces of silver and 355,523 ounces of gold," says Chief Executive Ryan McDermott.
Adds that it is extending metallurgical test work to focus on maximising the recovery of copper, alongside the optimal recovery of gold, silver and zinc.
"The Phoenix team remains fully engaged in metallurgical testing and metal recovery optimisation. The results of this work are critical in the short and long term planning of the Empire Mine and, as always, I look forward to sharing the results as they become available," says McDermott.
Current stock price: 40.50 pence
Year-to-date change: up sharply from 13.00p
By Lucy Heming;Â lucyheming@alliancenews.com
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Phoenix Copper. (PXC)