Phoenix Gold Announces Mapping and Prospecting Program at Its Properties in Battle Mountain, Nevada
May 28 2014 - 7:00AM
Marketwired Canada
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UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.
Phoenix Gold Resources Corp. (TSX VENTURE:PXA), (the "Company" or "Phoenix
Gold") wishes to announce that it has commenced a detailed mapping and
prospecting program on the Company's mineral properties located at Battle
Mountain, Nevada (the "Phoenix Gold Properties").
Mapping and Prospecting Program
The Company has commenced a detailed mapping and prospecting program (the
"Program") on its Phoenix Gold Properties. The goal of the Program is to develop
a detailed understanding and interpretation of the geology and structural
controls over the Phoenix Gold Properties and to determine the optimal drill
sites for the proposed drill programs to be carried out on each of the Phoenix
Gold Properties.
Drill Program
The Company anticipates starting its first drill program on the Plumas Property
before the end of June 2014. The Plumas Property is an outcropping high grade
gold mineralized system that has never been drill tested, located adjacent to
Newmont's Phoenix-Fortitude pit to the east. The Plumas Property has two
patented claims for a total of 40 acres with extralateral rights and one mill
site claim.
About Phoenix Gold
Phoenix Gold is a Canadian junior exploration company with strategically located
mineral properties in Nevada's prolific Battle Mountain District. These
properties are immediately adjacent to Newmont's Phoenix -Fortitude Gold /
Copper Mine. With a defined strategy to delineate resources and create value to
shareholders, Phoenix Gold has an experienced management team with an excellent
track record of discoveries, including its most recent being the Condor Gold
Project in Ecuador.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeanny So
CHR Investor Relations
(416) 868-1079 x 225
jeanny@chfir.com
Phoenix Gold Resources Corp.
Glenn Laing
President and CEO
(647) 865-3101
glaing@phoenixgoldresources.com
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