Phoenix Copper (GB:PXC) has released an update.
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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