FenixOro Gold: New High Grade Vein Discovery at Abriaqui Averages 39 g/t Gold and 254 g/t Silver Along 100 Meters

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[{"type":"text","content":" TORONTO, June 09, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF, Frankfurt:8FD) is pleased to announce the discovery of the high grade gold-silver Prospera Vein in the Southern Block of the Abriaqui property. With the highest grades of gold and silver ever recorded on the project, this is one of the most significant discoveries to date and it will be an important factor in the next phase of drilling. The newly sampled Prospera vein is located atop a ridge in the extreme southeast part of the property and is exposed underground along a continuous 100 meter mine working. The massive sulfide core of the vein was systematically sampled at 10 meter intervals and averages 39.2 g/t gold (1.26 oz/t) and 254 g/t silver (8.17 oz/t) with additional samples in the surrounding diorite wall rocks containing up to 2.3 g/t gold and 19 g/t silver. The vein does not crop out on surface but coincident strong topographic and magnetic anomalies, along with a gold-in-soil anomaly, increase the probable horizontal extent of the vein to 500 meters. The local terrain is extremely steep and the vertical relief along the 500m trend is over 300 meters. The mine sampled on Prospera is at the 2725 meter elevation. This implies a minimum 1500 meter vertical range of high grade gold mineralization at Abriaqui, from the top of the ridge to the deepest drill intercept. The high silver to gold ratio is typical of the veins in the southern license in the upper part of the geologic system. This immediately becomes the project’s most important new target area. At least two reconnaissance drill holes are planned from existing access areas to test the down-dip extension of the vein. Additional holes will be planned based on the results. FenixOro VP Exploration Stuart Moller commented, “The Prospera vein is unique in that it provides our best look at very high grade mineralization along 100 continuous meters of strike anywhere in the district. The continuity of high grade is excellent with no lower grade gaps or vein pinchouts and it is open to the east and west and at depth. We have had great success over the last three years exploring the northern part of the property where most of the historical mining in the district has been focused. There has been much less mining in the south due to the steepness of the terrain. We are now gaining an u...

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