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Phoenix Global Mining adds 33 claims to Empire mine

Mining News - Published on Thu, 07 Dec 2017

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Digital Look reported that US focused copper and cobalt exploration and development company Phoenix Global Mining has expanded the land position of the Empire Copper Mine in Idaho, with the addition of 33 unpatented mining claims in the Horseshoe Block immediately north of the existing property.

The AIM-traded firm said the 33 mining claims totalling 564 acres were acquired around the previously-producing Horseshoe Mine, along strike and to the north of the Empire Mine orebody.

It said the Empire Mine land position increased by 70% from 819 acres to a total land package of 1,383 contiguous acres, with the new claims extending the exploration area to the north of the existing AP open pit resources by approximately 1.2 km.

Copper, lead, zinc, silver and gold production from the Horseshoe Block was recorded as recently as 1979, the board said, with reported grades of 3.8% copper and 12% zinc.

Claims had been staked and registered in the name of Phoenix's subsidiary Konnex Resources, for a cost of USD 6,995.

Mr Dennis Thomas Phoenix CEO said that “The addition of the Horseshoe Block to the Empire Mine property package nearly doubles our previous footprint, is contiguous to our existing land position and extends the exploration area along strike to the north of the existing resources in the AP Pit by approximately 1.2 km.”

Mr Thomas added that “The surface geology, as well as the historically recorded copper, lead, zinc, silver and gold production from the numerous workings in the Horseshoe Block, provide solid evidence that mineralisation is not limited to the immediate Empire Mine resource area.

Mr Thomas added that “The Horseshoe Block also provides us a greater footprint for future operations in the existing resource area for minimal cost.”

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Posted By : Rabi Wangkhem on Thu, 07 Dec 2017
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