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Phoenix Global pleased with Empire copper drilling results

By Josh White

Date: Monday 25 Feb 2019

Phoenix Global pleased with Empire copper drilling results

(Sharecast News) - Base and precious metals exploration and development company Phoenix Global Mining released the remainder of the results from its 2018 drilling programme at the Empire Copper Project in Idaho on Monday.
The AIM-traded firm said that of the stepout sulphide copper intercepts, hole KX18-62 contained 6.1 metres of 3.78% copper equivalent from 126.5 metres depth, including 1.5 metres of 12.80% copper equivalent from 129.5 metres depth.

Of the stepout oxide copper intercepts, hole KX18-59 contained 4.6 metres of 1.10% copper equivalent from 41.4 metres depth, including 1.5 metres of 1.75% copper equivalent from 42.0 metres depth.

Finally, of the infill oxide copper intercepts, hole KX18-58 contained 1.5 m of 2.11% copper equivalent from 32.0 metres depth, and 1.5 metres of 1.10% copper equivalent from 42.7 metres depth.

"We are pleased to present the results of the last seven drill holes from the 2018 Empire drill programme," said chief executive officer Dennis Thomas.

"The results include infill and stepout drilling in the north-western portion of the Empire property and are consistent with our expectations."

Thomas said that of particular note was the high-grade sulphide intercept of 12.80% copper equivalent in drill hole KX18-62.

"This drill hole intercept aligns with a nearby, historically drilled intercept of similar sulphide grade and adds credence to the larger, high-grade sulphide picture that is beginning to develop.

"In addition,the KX18-62 sulphide intercept is open to the west and at depth.

"On another note, the last of the 2018 rock chip sample assays for our Bighorn and Redcastle cobalt projects in Lemhi County, Idaho have been received and we look forward to presenting those results in the very near future."

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