ExGen Resources (TSXV:EXG) has released an update in respect of Phoenix Global Mining’s exploration and development activities at the Empire Mine project in Idaho, which is 20 percent owned by ExGen.
As highlighted in the press release:
- Extensive evidence of copper sulphides found below the Empire mine and to the north-west, east and south.
- Significant high-grade copper drill intersections to upgrade the inferred resources inside the current resource.
- Stepout drilling outside the current resource intersects high grade copper sulphide mineralization.
- A new zone of mineralization to be called “Red Star” has been discovered 330 metres north-west of the current resource towards the old Horseshoe mine. The outcrop is 20 metres wide and contains heavy oxide/sulphide mineralization. Trench samples have been sent for assaying.
- Five drill hole intercepts contain predominantly chalcopyrite and bornite copper sulphide mineralization.
- Hole KX18-47 confirms the presence of higher-grade sulfide mineralization beneath the current resource.
- Elevated zinc, gold and silver values are associated with the copper intersections. Grades of up to 8.82 percent zinc, 7.93 grams per tonne (g/t) gold, 256 g/t silver.
- Assay results from a further 19 drill holes and 298 surface channel samples are pending and will be reported shortly.
Click here to read the full ExGen Resources (TSXV:EXG) press release.
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