Breakaway Research Report
Angelo Gaudio2015-09-01T23:26:34+09:30Research Report on Phoenix Copper Limited by Breakaway Research, September 2015
Research Report on Phoenix Copper Limited by Breakaway Research, September 2015
Phoenix Copper is pleased to announce agreements have been reached to place funds with existing major shareholders, new sophisticated and professional investors, and Company Directors to raise a total of $1.48M at 1.3c per share
Appendix 5B - Cashflow report for the quarter ended 30 June 2015
Report for the quarter ended 30 June 2015
A recent review and re-modelling of 2011 geophysical data at the Joplin prospect has identified a coincident conductive and magnetic body. The Joplin prospect has a similar geophysical signature and dimensions to the Iron Blow and Mt Bonnie deposits..
Final assay results have been received from the remaining six of twelve RC holes drilled at Mount Bonnie in late May 2015. Massive sulphide intersections continue to return consistent high-grade, multi-element mineralisation over a substantial area.
Phoenix Copper Limited (ASX: PNX) is pleased to report that assay results from a further three RC holes drilled at the Mount Bonnie deposit have been received and continue to demonstrate grade and continuity within the deposit along with the potential of continuing mineralisation to the north-west. Highlights include 15m @ 6.99% Zn, 0.78g/t Au, 157g/t Ag, 0.50% Cu, and 1.14% Pb from 54m in MBRC016
Assay results from the first three of twelve RC holes drilled at the Mount Bonnie prospect have been received and are excellent, exceeding the Company’s expectations
Shares issued to settle interest on convertible notes
Phoenix Copper is pleased to announce that drilling has commenced at its Hayes Creek Project in the Pine Creek region of the Northern Territory. The drill program will comprise of approximately 1,250 metres of RC drilling (11 holes) and will target new mineralised positions and extensions to existing high-grade massive sulphide mineralisation at Mount Bonnie.
Electromagnetic surveying commences at Hayes Creek: Iron Blow and Mt Bonnie as well as two new prospects Clyde and Joplin
Appendix 5B - Cashflow report for the quarter ended 31 March 2015
Report for the quarter ended 31 March 2015
31 December 2014 Financial Statements
Appendix 5B - Cashflow report for the quarter ended 31 December 2014
Report for the quarter ended 31 December 2014
The first diamond hole drilled at Iron Blow has been completed and the results are exceptional: Diamond drill hole IBDH023 intersected: 50.39m @ 10.12% Zn, 2.66 g/t Au, 283 g/t Ag, 0.57% Cu, 1.39% Pb from 155.72m including 19.45m @ 15.48% Zn, 2.65 g/t Au, 492 g/t Ag, 0.56% Cu, 2.52% Pb from 156.5m
The first diamond drill hole at Iron Blow (IBDH023) has been completed and visual results are very encouraging, with two thick zones of massive sulphides intercepted
Refer to PNX’s company page at www.asx.com.au for Announcements prior to 1 July 2014.