Phoenix Global encouraged by cobalt sample results
Source - SMW
Phoenix Global Mining said samples taken from its Redcastle and Bighorn cobalt exploration properties in Idaho all showed mineralisation levels above detection limits.
Mineralisation levels from 46 grabs samples ranged from 2.0 parts per million to 3,120 parts per million, or 0.31% cobalt.
"We now intend to follow up the initial work carried out in 2017 with an expanded and more detailed exploration programme in 2018," chief executive Dennis Thomas said.
"The 2017 field season has significantly increased our understanding of the intricacies of the structural geology and geochemistry of the Idaho Cobalt Belt in general, and our own claim blocks in particular."
At 8:16am: (LON:PGM) Phoenix Global Mining Limited Ord Npv Di share price was 0p at 5.03p