Phoenix Gold Resources Announces High-Grade Copper and Zinc Surface Rock Samples at its …

The ‘A’ Zone was mined for its copper, zinc, and silver mineralization in the late 1800’s and early 1900’s where reportedly 90,000 tonnes were extracted.

After receipt of the high assay values in copper, zinc, silver, and cobalt it was decided to re-assay six selected samples to compare original values with those resulting from metallic separations of the respective sample rejects.

The purpose was firstly to visualize the known subsurface mineralization and secondly to better site proposed diamond drill locations with recently completed electromagnetic survey results to confirm historic drilling results.

Since then, a total of 2,134 meters of documented underground drifting and development has been completed for which documentation is available.

Forward-looking statements herein include but are not limited to statements relating to satisfactory completion of due diligence and any acquisition under the Option and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements.

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