Phoenix Global Mining (LSE:PGM) dipped to 30.2p this morning despite recent exploration work indicating a ‘district style’ opportunity at its flagship Empire copper mine in the US.
The firm, which was down 7.2pc as at writing, said it has proven mineralisation along a 3.5km strike within its expanded Empire Mine land position, which now totals 1,837 acres. As a result of the findings, Phoenix will now fast-track further exploration work, with chief executive Dennis Thomas claiming the results suggest a ‘district style’ opportunity:
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