Aluminum and Copper

Phoenix takes option on Newfoundland copper/zinc mine

Phoenix takes option on Newfoundland copper/zinc mine
Mining News Pro - Phoenix Gold has entered into an option agreement to acquire a past producing copper and zinc mine in Newfoundland.
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The company entered into an agreement with WBN Prospecting to buy the York Harbour property, consisting of five mineral licences and 156 mineral claims totalling 3 900 ha.

Earliest reported production from York Harbour is from 1898 to 1913, which amounted to 90 000 t of ore grading 3% to 12% copper and 7% zinc.

Phoenix CEO Andrew Lee says the company sees significant exploration potential at York Harbour.

The project also gives the company direct exposure to the copper market.


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