14th Jul 2021 20:06
Phoenix Copper Ltd- British Virgin Islands-based base and precious metals production and exploration company - Announces sulphide-rich mineralization has been found underneath its Empire mine in Idaho.
The Empire Mine had been operated extensively until the early 1940's producing head grades of up to 8% copper.
Ryan McDermot, Baron Oil chief executive, comments: "We are excited to announce that we have intercepted 12.6 metres of intense sulphide mineralisation in HQ-core hole KXD21-02, part of the planned 4,500-metre, 2021 Deep Sulphide drilling programme for the Empire Mine in Idaho.
"Our geologists have visually identified a mix of sulphides that include, but are not limited to, chalcopyrite, chalcocite, galena, argentiferous galena, bornite, sphalerite, and molybdenite occurring in hole number KXD21-02 at concentrations up to 25% sulphide minerals from a depth of 173 metres over 7.9 metres. The mineralisation then becomes more intense at 181 metres over a 4.7 metre interval and increases to approximately 75% total sulphides."
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By Aidan Lane; [email protected]
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