Phoenix Copper report identifies high-grade mineralisation at Idaho prospect

08:21 21/10/2019
StockMarketWire.com - Phoenix Copper said a positive report had been published on the geology and mineral potential of assets to the north of its Empire Mine copper oxide deposit in Idaho.

The report was prepared by consultant economic geologist Nigel Maund and focused on the Red Star and White Knob mine group.

High-grade silver, lead, and zinc -- plus copper and gold -- mineralisation was found to extend on a northward strike from the main Empire copper deposit at least 2.5 kilometres.

Average production grades from the White Knob mine were 204 g/t silver, 19% lead, 6.5% zinc and 0.73% copper.

By comparison, the Red Star drilling results from 2018 drill hole KX18-55 and KX18-57, showed 9.15m of 361 g/t silver, 9.9% lead and 0.8% zinc, and 15.24m of 160 g/t silver, 13.3% lead and 1.4% zinc, respectively.

'It was a great pleasure to receive Nigel Maund's report on Red Star, a discovery that we first reported to shareholders in early 2019,' chief executive Dennis Thomas said.

'He confirms the continuity of the mineralisation northwards from the Empire Mine through Red Star to the old mines of the White Knob group in the Horseshoe Block.'

At 8:21am: (LON:PXC) share price was 0p at 17.5p


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