ExGen Re­sources drills 1.52 m of 35.72 oz/ton Ag at Em­pire

ExGen Re­sources Inc. has drilled 1.52 m of 35.72 ounces per ton sil­ver and 20 per cent Pb at its Em­pire pro­ject in Idaho.

Stockwatch Daily - - FRONT PAGE - Mr. Ja­son Tong re­ports

EXGEN RE­SOURCES Inc. has pro­vided an up­date in re­spect of Pho e n ix Global Min­ing Ltd.’s ex­plo­ration and de­vel­op­ment ac­tiv­i­ties at the Em­pire mine pro­ject in Idaho, United States. ExGen has re­ceived the next set of as­say re­sults from the con­tin­u­ing drill pro­gram con­ducted by its joint ven­ture partner, Phoenix, at the Em­pire cop­per pro­ject in Idaho, United States.

High­lights

RedS­tar zone

Three drill holes in Oc­to­ber re­turned as­says of 1,111 grams per tonne (35.7 ounces per ton) sil­ver and 20 per cent lead over a 1.5-me­tre in­ter­sec­tion at RedS­tar (re­ported lengths are core lengths as true widths have not yet been de­ter­mined).

Em­pire mine zone

Drilling in and around the Em­pire mine ox­i­da­tion re­source en­ve­lope, which cov­ers a one-kilo­me­tre strike length and is the sub­ject of the con­tin­u­ing fea­si­bil­ity study, re­turned high-grade cop­per and sil­ver as­say re­sults and con­tin­ued to con­firm the pres­ence of the un­der­ly­ing sul­phide min­er­al­iza­tion. Min­er­al­iza­tion is now con­firmed to ex­tend along a con­tin­u­ous 3.5-kilo­me­tre strike length within the prop­erty, in­di­cat­ing the pres­ence of a larger min­er­al­ized sys­tem.

Den­nis Thomas, chief ex­ec­u­tive of­fi­cer of Phoenix, said: “The drilling re­sults from the re­cently dis­cov­ered RedS­tar zone, to­gether with the sur­face sam­pling re­sults re­ported on Nov. 8, 2018, help con­firm that the Em­pire min­er­al­ized sys­tem ex­tends well be­yond the near-sur­face cop­per-ox­ide re­source, which is cur­rently the sub­ject of our Em­pire mine fea­si­bil­ity study. The 1,837-acre prop­erty is de­vel­op­ing into a larger-scale op­por­tu­nity. As­say re­sults of 360 grams per tonne sil­ver and 9.92 per cent lead over 9.1 me­tres, along with a 1.5-me­tre in­ter­cept of 1,111 grams per tonne sil­ver and 20 per cent lead, con­firm the com­pany’s orig­i­nal hy­poth­e­sis that the Em­pire mine’s min­er­al­iza­tion zone is part of a con­sid­er­ably larger min­er­al­ized sys­tem,

which in­cludes the RedS­tar zone and the Horse­shoe block. Re­ported lengths are core lengths as true widths have not yet been de­ter­mined.”

(See EXG Ta­ble 1 on page 6)

There are cur­rently seven re­verse cir­cu­la­tion holes await­ing as­say re­sults, which should be re­ceived later this month and will be re­ported as soon as pos­si­ble. The sam­ples are at the ALS as­say lab­o­ra­tory in Ne­vada. These re­sults will be an­nounced fol­low­ing the re­ceipt of as­say cer­tifi­cates an d qual ity as­sur­ance /qual­ity control sign-off.

We seek Safe Har­bor.

Mike Caswell con­densed this news re­lease ([email protected]­watch.com).

Arlen Grove, De­nis Pel­letier, Ja­son Ri­ley, Ger­ald Lynn Roe, Mark Swartout, Den­nis Leslie Thomas, Mary Page Web­ster

(EXG) Shares: 344,730,080

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