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FenixOro Gold Plans Production of Special Edition Gold Coins Mined from Abriaqui
TORONTO, March 16, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp. (CSE: FENX; OTCQB: FDVXF; Frankfurt: 8FD) is pleased to announce plans for production of special
About this update from Fenixoro Gold Corp.
[{"type":"text","content":" TORONTO, March 16, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp. (CSE: FENX; OTCQB: FDVXF; Frankfurt: 8FD) is pleased to announce plans for production of special edition collectible gold coins using gold mined legally by local miners from veins within the boundaries of the Company’s Abriaqui project. The origins of gold mining in Colombia date back to the Spanish colonial period. In Abriaqui, gold has been mined and produced legally for generations through mills using water-and-gravity techniques, without the use of chemicals or explosives. Abriaqui sits in an historic area where pride in artisanal mining has been a significant part of the culture and community for over one hundred years. The work of multiple generations of artisanal miners was instrumental in the discovery of many of the more than 140 veins that FenixOro has mapped, sampled and is exploring today. Through the development of strong relationships built over many years, FenixOro enjoys the full support of miners locally and in surrounding areas. FenixOro CEO John Carlesso commented: “Gold is being produced today at Abriaqui using the same simple, environmentally sound mining methods and recovery techniques that have been employed for generations. The rich history of this region and its unique cultural heritage is recognized around the world. Commemorating these stories on collectible coins is a perfectly suited means to celebrate and benefit our local partners while generating revenue from a strong and growing precious metals specialty market. We are keen to bring this opportunity to market as quickly as possible.” The global Numismatic (Coin) market is approximately USD 12 Billion in size and according to Professional Coin Grading Services (PCGS) average prices have increased over 16% in the past year as investors have increasingly looked for ways to gain exposure to precious metals such as gold and silver. Collectible coins typically command a premium to the equivalent price of gold. About FenixOro Gold Corp. FenixOro Gold Corp is a Canadian company focused on acquiring and exploring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia. FenixOro's flagship property, the Abriaqui project, is the closest project to Continental Gold's Buritica project. It is located 15 km ...