“On the back of a successful 2017 Exploration Program, we are pleased to deliver the 2018 Mineral Resource Estimate, which demonstrates a significant increase in ounces, grades, and tonnes at the Phoenix Gold Project. This is an important step forward towards potentially advancing the Project to a viable commercial operation. We are uniquely positioned compared to other junior gold explorers because we have substantial mine infrastructure in place, including a new state-of-the-art 1,250-tonne per day mill, a completed tailings management facility, a 200-person camp, earth and civil works in place, a fully commissioned hoist and headframe, a shaft that is approximately 730-metres deep, mobile equipment and more than nine kilometres of underground development…”“…We are pleased with the progress achieved to-date and we believe there is still further potential to improve upon the 2018 Mineral Resource Estimate. Our current exploration and test mining activities provides us with the potential opportunity to significantly enhance both the quantities and the classifications of the 2018 Mineral Resource Estimate at a future date.”
George Ogilvie, P.Eng.
President, Chief Executive Officer, and Director