This section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article content
VANCOUVER, British Columbia, Sept. 08, 2026 (GLOBE NEWSWIRE) — Phoenix Metals Corp. (TSX: PCA) (“Phoenix Metals”, or the “Company“) is pleased to announce that the BC Ministry of Mining and Critical Minerals has issued an amended Exploration Permit MX-5-836 (the “Exploration Permit”) for the Greenwood project in south-central British Columbia (“Greenwood” or the “Project”). This amendment allows the Company to commence drilling of numerous targets within the top priority Phoenix Target Area.
Sign In or Create an Account
or View more offersArticle content
Story continues below
This advertisement has not loaded yet, but your article continues below.
Article content
Following receipt of the Exploration Permit, Phoenix awarded a 51,500-metre drill contract in order to accelerate the exploration of the top priority targets within the Phoenix Target Area, including Phoenix South, JD/Golden Crown, Phoenix Deep and Blue Bell (Figure 1), all of which are highlighted in Phoenix’s supplemented PREP prospectus dated July 2, 2026, a copy of which is available under the company’s profile on SEDAR+.
Article contentWe apologize, but this video has failed to load.Try refreshing your browser, or
tap here to see other videos from our team.Article contentArticle content
Phoenix Metals President & CEO Nicholas Campbell commented “With a single drill rig onsite over the summer, we’ve completed ten holes of our initial twelve-hole program at the Lexington Cu-Au target, located 15 km to the south of the historic Phoenix Cu-Au pit area. Receipt of the amended permit allows the Company to initiate drilling of the highest potential zones within the Phoenix Target Area. The four additional drills enroute to site will significantly accelerate our drill program.”
Article content
The recently initiated drill program will systematically test for near surface bulk tonnage Cu-Au (Ag) mineralization at the Lexington, Phoenix South, JD, Golden Crown, Phoenix Deep and Blue Bell targets. This same program will additionally investigate the potential of the known, deeper, high-grade structures and feeder systems, which have formed the basis of much of the past Cu-Au production and present-day in situ resources at these and other mineral occurrences throughout the greater Phoenix Target Area.
Article content
Story continues below
This advertisement has not loaded yet, but your article continues below.
Article content
Figure 1: Greenwood Copper Gold District
Article contentArticle content
Source: Phoenix Metals Corp.
Article content
Qualified Person
Article content
Carly Church, P. Eng., Chief Operating Officer of Phoenix Metals Corp., is the Company’s Qualified Person as defined by NI 43-101. She has reviewed and approved the technical information contained in this news release.
Article content
About Phoenix Metals
Article content
Phoenix Metals Corp. is focused on the advancement of the Greenwood Precious Metals Project, a 12,888-hectare copper-gold district located near Grand Forks, British Columbia, Canada. The Company was created in Partnership with the Osoyoos Indian Band whose traditional territories underly the Greenwood Precious Metals Project. Phoenix Metals is led by an accomplished group of serial mine entrepreneurs with shareholder alignment supported through substantial director ownership and technical bench strength provided through JDS executives and recognized industry experts.
Article content
Cautionary Note Regarding Forward-Looking Statements
Article content
This news release contains “forward-looking information” and “forward-looking statements” (“Forward-Looking Statements”) within the meaning of applicable securities laws. Forward-Looking Statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of Forward-Looking Statements include, among others, statements regarding the receipt of the amended permit allowing the Company to initiate drilling of the highest potential zones within the Phoenix Target Area, the four additional drills enroute to site significantly accelerating the Company’s drill program, and the drill program investigating the potential of the known, deeper, high-grade structures and feeder systems.