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.
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.
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.
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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
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