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FenixOro Reports Significant Results From Soil Sampling Program Including 41 g/t Gold at Abriaqui Project
Toronto, Ontario--(Newsfile Corp. - July 23, 2020) - FenixOro Gold Corp (CSE: FENX) (OTC Pink: FDVXF) (FSE: FD8) is pleased to announce results of its first pha
About this update from Fenixoro Gold Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - July 23, 2020) - FenixOro Gold Corp (CSE: FENX) (OTC Pink: FDVXF) (FSE: FD8) is pleased to announce results of its first phase soil sampling program at the Abriaqui project in Antioquia, Colombia. As previously reported, FenixOro has discovered three significant gold mineralization types at Abriaqui. The primary target is a sequence of more than 80 high grade, \"Buritica style\" mesothermal veins outcropping over 800 vertical meters with areas of intervening lower grade stockwork mineralization. FenixOro has also discovered additional targets: Manto-style replacement mineralization up to 25 meters thick; as well as a zone of gold-mineralized, porphyry-style, potassic alteration. FenixOro VP Exploration Stuart Moller stated: \"These preliminary soil results clearly indicate that we are identifying significant new areas of vein/stockwork potential. These results appear to confirm our hypothesis that the veins in the northwest, while faulted off in the center, continue in a significant northwest-southeast trend within the Abriaqui project boundaries. We are extremely encouraged and are aggressively advancing the next steps of the program.\" The remaining soil grids will cover the majority of the project area where they will test for additional veins as well as replacement and porphyry style gold mineralization. The prospect area is densely vegetated with minimal rock exposure and the expectation has always been that there was additional mineralization to be found. To this end FenixOro has undertaken a ground magnetics program to further map the porphyry-style alteration and has begun a program of project-wide soil sampling. The magnetics program is complete and the Company is awaiting those results. These first results from the soil program are considered highly promising and positively confirm many aspects of the exploration program model. The initial grid area in the southeast part of the project has several known veins including some with small scale historical workings. The known vein density, as currently mapped, is significantly lower than that in the main vein zone in the northwestern license. A significant fault offsets the two areas (inset, Figure 1). The intent of the soil study is to identify areas of shallowly buried additional vein sets. To date over 800 samples have been take...