FenixOro Gold Discovers Multiple Gold-Silver Veins in the Southern Zone and a New Style of High Grade Mineralization in the Central Area

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[{"type":"text","content":" TORONTO, May 09, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF, Frankfurt:8FD) is pleased to announce first drill results from the southern vein zone which confirm the discovery of multiple veins that significantly impact management’s expectations of the project’s global resource potential. Continued positive results from the Central Zone are also reported along with a newly discovered style of gold mineralization which is more typical of porphyry gold systems. Drilling from the first holes in the Southern Vein Zone confirm the presence of mineralization at grades that will impact management’s expectations for the resource potential of the project. The Southern Block Holes 017, 020 and 023 each intersected 7-10 veins with several assays in excess of 10 g/t gold. Silver to gold ratios are significantly higher than in other parts of the property. Resource potential in the newly defined Central Vein Zone continues to increase with intersections of 1.25m @ 23.55 g/t gold and 2.40m @ 5.69 g/t gold in hole 021. Re-logging of hole 019 in the central zone verified the presence of visible gold associated with actinolite-albite veinlets. This veinlet type is more commonly associated with porphyry gold systems and is rarely mineralized at the grade sampled at Abriaqui (13.7 g/t). FenixOro VP Exploration Stuart Moller commented, “These results make clear that the resource potential at Abriaqui continues to expand in both the Central Zone and the important Southern Zone. Many of our high priority targets remain to be drilled in the south and the outlook for the growth of the project remains extremely promising.” Southern Vein Zone Partial results from early drilling in the southern zone indicate promising gold and silver grades. Similar to the first holes drilled in the northern block, many more veins were intersected than were known from surface and mine mapping. The area is 200-400m higher in elevation than the northern and central blocks and the general structural pattern of E-W and NW trending, sub-vertical veins is developed. Mine samples indicate a significantly higher silver to gold ratio than in the north (15:1 vs. 2:1) with higher copper values. The current drill program is limited to two small areas where there are clearings in the dense forest and numerous additional targets based on geophysics and soil ...

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