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FenixOro Gold Corp Announces Potentially Significant Discovery of New Mineralization Style at Abriaqui Project
Toronto, Ontario--(Newsfile Corp. - June 3, 2020) - FenixOro Gold Corp (CSE: FENX) is pleased to announce the discovery of a potentially significant, new style
About this update from Fenixoro Gold Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - June 3, 2020) - FenixOro Gold Corp (CSE: FENX) is pleased to announce the discovery of a potentially significant, new style of mineralization at its Abriaqui Project in Antioquia, Colombia. The Company recently announced that it had commenced its Phase 1 exploration program and received an exemption from COVID work restrictions. The principal target developed at Abriaqui is a series of over 80 known, closely spaced, \"Buritica style\" high grade gold veins many of which have assayed greater than 20 g/t gold and as high as 146 g/t gold. These veins are developed in east-west and northwest trending corridors and are spaced meters to tens of meters apart. Several areas of interstitial quartz veinlet and stockwork mineralization grading 1-5 g/t gold have been mapped between the veins. The 6000-meter maiden drill program at Abriaqui, slated to begin in Q3 2020, will test these families of veins and stockwork with each hole targeting multiple veins. During the course of recent geologic mapping, FenixOro geologists have noticed several areas of float in a different mineralization style characterized by quartz-pyrite replacement of the sedimentary rocks which flank the diorite intrusion which hosts the majority of the veins. Recently, a large outcrop of this mineralization style was found near the intrusive margin. The stratabound mineralization is developed in a sequence of siltstone and sandstone of the Penderisco Formation of Cretaceous age. Certain beds of this sedimentary unit have been selectively replaced with the principal outcrop indicating a mineralized thickness of 15-25 meters (see photos in Gallery section at https://fenixoro.com/abriaqui/. The outcrop is approximately 50 meters long and is fault bounded at each end. The orientation of the beds with respect to the intrusive margin suggests that this stratigraphic horizon could have multiple occurrences and be present at relatively shallow depth in several other areas of the property . The area is very steep and difficult to access so rigorous channel sampling of the outcrop has not yet been completed but grab samples of representative material assay up to 4.5 g/t gold with anomalous silver, lead and zinc. Extensions of the mineralization style are expected, and ongoing exploration includes soil sampling and detailed mapping of the ...