Phoenix Copper reports expanded resource at Empire Mine
Sharecast - North America-focussed base and precious metals company Phoenix Copper announced an updated NI 43-101 compliant resource for its Empire Open Pit Mine in Idaho on Monday.
The AIM-traded firm said the new resource reported at the mine’s oxide open pit, based on future recovery of copper, zinc, gold and silver, increased its measured and indicated resources by 27%.
Compared with the previous May 2019 measured and indicated resource, it said copper had increased 11% to 81,948 tonnes, while zinc had improved 26% to 37,650 tonnes.
Silver was ahead 13% at 6,824,460 ounces, while gold increased 56% to 217,500 ounces.