ExGen Resources drills 18.9 m of 2.14% CuEq at Empire
EXGEN RESOURCES Inc. has provided an update in respect of Phoenix Global Mining Ltd.’s exploration and development activities at the Empire mine project in Idaho, United States.
Dennis Thomas, chief executive officer of Phoenix, said: “The results of the current
program suggest we have [an enlarged potential] opportunity along a 3.5-kilometre strike. We have only really begun to understand the scale of the opportunity following the mapping, sampling and drilling work outside the [current resource], which has been the focus of our attention to date. We have always believed that the area had strong potential. We needed to increase the property holdings to incorporate these potential areas, which we have now done. We have increased the holding from 813 acres to 1,837 acres.”
Red Star channel sampling
One continuous channel, comprising 12 1.5-metre samples, were collected from the exposed outcropping at the Red Star zone. The results of these samples were composited as a single sample. Individual 1.5-metre samples ranged in grade from 0.15 per cent copper to 1.69 per cent copper and were all included in the grand composite.
The Red Star zone is 330 metres outside of the current resource area to the northwest on the edge of the Horseshoe claim block.
Horseshoe exploration rock-chip samples
Twenty rock-chip samples were collected as part of the initial exploration effort on the Horseshoe claim block from various outcroppings and exposures with at least some visually identifiable mineralization. The sampling represents a small portion of the proposed exploration program for the area in 2019. A notice of intent (NOI) is currently under review by the U.S. Forest Service for drilling on the Horseshoe claim block.
Drilling update — Empire mine
ExGen has completed a total of 8,604 metres of drilling at Empire. To date, this consists of 6,328 metres of reverse circulation (RC) drilling and 2,276 metres of diamond drilling.
(See EXG Table 1 on page 7)
Jason Riley, chief executive officer of ExGen, commented: “We are very pleased with this latest round of assay results from Red Star and now the Horseshoe block that indicate the potential of a larger-scale area play at Empire. Additionally, the ongoing infill and stepout drilling continues to deliver impressive grades of copper, which should benefit the current resource update expected in Q1 next year. We eagerly await the next drilling results from Red Star before year-end.”
We seek Safe Harbor.
Erika Flores condensed this news release (firstname.lastname@example.org).
Arlen Grove, Denis Pelletier, Jason Riley, Gerald Lynn Roe, Mark Swartout, Dennis Leslie Thomas, Mary Page Webster
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