Phoenix Copper (GB:PXC) has released an update.
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Phoenix Copper Ltd announces promising results from its 2023 exploratory drilling program at Navarre Creek, Idaho, with two out of four target areas showing significant mineralization. The drilling revealed a continuous zone of low-grade gold mineralization, indicating potential for further exploration. Simultaneously, the company is advancing its Empire Mine project, having secured $80 million in bond funding to procure equipment and further development.
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