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Phoenix Copper Ltd on Wednesday said latest drill results from its Empire copper asset were ‘robust’.
The base and precious metals explorer in the US state of Idaho found 149 grammes of silver per tonne in Hole KXD22-04 and 7.43 grammes of gold per tonne in hole KXD22-05. Further, it found 1.6% zinc and around 5.2% copper in hole KXD22-04.
The company said that while metallurgical testing programme is progressing, assays are taking longer. Phoenix added that a laboratory backlog was to blame for longer than anticipated assay results.
Phoenix Copper shares were 1.6% higher at 27.95 pence each in London on Wednesday morning.
By Tom Budszus, Alliance News reporter
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