Phoenix Global Mining Ltd Update - Live Webinar
08 Mayo 2019 - 8:13AM
RNS Non-Regulatory
TIDMPGM
Phoenix Global Mining Ltd
08 May 2019
Phoenix Global Mining Ltd / Ticker: AIM:PGM / Sector: Mining
8 May 2019
Phoenix Global Mining Ltd ('Phoenix' or the 'Company')
Update - Live Webinar
Phoenix Global Mining Ltd (AIM:PGM), the AIM quoted North
American-focused base and precious metals exploration and
development company, regrets to announce that due to technical
difficulties the webinar scheduled for today, will be postponed
until 13:00 (BST) / 08:00 (ET) tomorrow, Thursday 9th May 2019. A
copy of the Company's updated corporate presentation can be found
on its website at https://www.pgmining.com.
The live webinar will be available on the following link using
the access code 5147677:
http://www.readytalk.com/join
To listen to the webinar the dial-in details are as below:
-- UK: +44 (0) 2070 844 345
-- United States: 1-303-248-0285
-- Canada: +1 647 722 6839
-- Access Code: 5147677
For further information please visit www.pgmining.com or
contact:
Phoenix Global Mining Dennis Thomas / Richard Wilkins Tel: +44 7827
Ltd 290 849 (Dennis)
/
+44 7590 216 657
(Richard)
SP Angel Lindsay Mair / Caroline Rowe Tel: +44 20 3470
(Nominated Adviser 0470
and Joint Broker)
----------------------------------- ------------------
Brandon Hill Capital Jonathan Evans / Oliver Stansfield Tel: +44 20 3463
(Joint Broker) 5000
----------------------------------- ------------------
Blytheweigh Tim Blythe / Camilla Horsfall Tel: +44 20 7138
(Financial PR) / Megan Ray 3204
----------------------------------- ------------------
RB Milestone Group Trevor Brucato Tel: +1 203 487
(Unites States Consultant) 2981
----------------------------------- ------------------
Notes:
Phoenix Global Mining Ltd (AIM: PGM, OTCQX: PGMLF) is a North
American focused, base and precious metal explorer and developer,
which is fast-tracking the historically-producing Empire Mine in
Idaho, USA, back into production, and exploring for cobalt in
Idaho.
Phoenix's flagship project is a brownfield, past producing,
copper, gold, silver, zinc and tungsten underground mine, the
Empire Mine near Mackay in Idaho. Phoenix acquired an 80% interest
in the property in 2015. Based on a total of 315 drill holes an
oxide resource was completed in late 2017. A NI 43-101PEA
(preliminary economic assessment) for an open pit heap leach
solvent extraction and electrowinning ("SX-EW") mine was completed
in April 2018. In June 2018 a campaign consisting of RC and diamond
drilling was started. This programme was designed to upgrade and
increase the oxide reserves, provide samples for ongoing
metallurgical testwork, geotechnical and hydrological studies and
condemnation drilling for the heap leach pad site, waste dump and
plant site. At the same time the consultants were appointed to
complete a NI 43-101 compliant Bankable Feasibility Study
("BFS").
At Empire, it is estimated that only 1 to 2% of the potential
ore system has been explored to date and, accordingly, there is
significant opportunity to increase the resource through phased
exploration; the current resource relates to the oxide resource
only, with the exception of the Red Star discovery "Inferred"
resource, which remains open along strike and does not include the
deeper, higher grade sulphides. In addition, Phoenix has increased
the claim area from 813 acres at the time of its acquisition to
5,717 acres, mainly to the northwest and west, and in so doing has
increased the potential for additional oxide and sulphide resources
by a total strike length of approximately 2,500 metres towards
another brownfield mine, the Horseshoe Mine, which is now within
the property boundary.
The Company also holds two prospective cobalt properties in
Idaho, US, which are located north of the Empire Mine. These are
situated close to the town of Cobalt and are close to projects
being advanced by Canadian junior miners, including eCobalt
Solutions and First Cobalt. Fieldwork, consisting of mapping and
sampling and locating drill holes for the 2019 drilling programme,
has been completed.
With a management team that has successfully constructed,
commissioned and operated mines and low risk, mining-friendly
jurisdictions with excellent infrastructure, Phoenix is looking to
fulfil its ambitions to become a mid-tier base metal, precious
metal and cobalt production company, offering exposure to three
high value and high demand metals with compelling demand/supply
fundamentals.
More details on the Company, its assets and its objectives can
be found on PGM's website at www.pgmining.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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END
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