TORONTO, ONTARIO--(Marketwired - May 28, 2014) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE 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.
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.