FenixOro Gold Intercepts Multiple High Grade Gold Veins in First Drill Hole at Abriaqui Including 32 g/t Gold

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[{"type":"text","content":" TORONTO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF, Frankfurt:8FD) is pleased to announce that assay results from the first drill hole demonstrate high grade gold and silver intercepts at the Abriaqui project in Antioquia, Colombia. Assays returned from first hole, results pending on three additional holes completed Significant additional vein and stockwork type mineralization with wider zones noted in visual analysis of all holes with pending assays These intercepts when combined with surface and mine samples extend minimum vertical range of 20+ g/t Au in veins to greater than 1 km Intercepts at depth indicate correlation with shallow surface mines and soil anomalies Seven intercepts in hole P001001 including:  0.70m @ 19.75 g/t Au and 58.8 g/t Ag  2.60m @ 9.09 g/t Au and 6.3 g/t Ag     Including  1.20m @ 14.81 g/t Au and 9.1 g/t Ag  0.39m @ 13.10 g/t Au and 19.7 g/t Ag At least three generations of veining indicate multiple pulses of mineralization FenixOro VP Exploration Stuart Moller commented: “We are pleased that the drilling program at Abriaqui has had a promising start with the very first hole returning multiple intercepts of high grade gold mineralization. The location of Hole 001 was selected for logistical considerations and It was not considered among the highest potential targets for higher grades. Assays from holes 002 – 004 are eagerly awaited as they test areas of new vein potential shown in soil anomalies, the east-west vein corridor, and veins hosted by the hornfels in the sedimentary package. Visual analysis of the core from these holes indicates potential for wider zones of mineralization than demonstrated in Hole 001.” The planned 10-hole, 4500-meter Phase 1 program began in early October and to date four holes totaling 1950 meters have been completed. FenixOro contracted Colombia veteran Logan Drilling for the program which is utilizing a track mounted drill with capacity for 600+ meters of HQ/NQ diameter core drilling. To date the drilling conditions and contractor performance have been excellent with core recoveries at almost 100% in all holes. At the current rate Phase 1, which is on time and within budget, will be finished in January of 2021. Geological Description of the Abriaqui Project The main target at Abriaqui is a series of over 80 ...

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