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Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted North American focused base and precious metals emerging producer and exploration company, is pleased to announce that it has completed a new economic model for the Empire Mine open pit project in Idaho, USA to recover copper, zinc, gold and silver.
- Copper led US mining operation with production targeted for 2022 - The updated Economic Model ( EM ) for the Empire Mine open pit project indicates strong cashflow and rapid payback in less than two years - 10-year Life of Mine ( LOM ) processing a total of 14.3 million tonnes Measured & Indicated ( M&I ) ore at a 0.5% copper cut-off grade ....
Phoenix Copper Limited is a North American focused, base and precious metal explorer and developer, which has carried out a drilling programme and generated a copper, gold, silver and zinc resource on which it is carrying out a feasibility study to bring the historically producing Empire Mine in Idaho, USA, back into production. It is also evaluating the silver and gold resources around three other past producing mines within the 23 km 2 Empire claims block as well as cobalt in two claims blocks north of Empire in Idaho. Phoenix s primary operations are focused near Mackay, Idaho in the Alder Creek mining district. This district includes the historical Empire, Horseshoe, White Knob and Blue Bird Mines, past producers of copper, gold, silver, zinc, lead and tungsten from underground mines in the first half of the twentieth century. Additionally, the district includes Navarre Creek a Carlin-trend gold discovery which hosts ....