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First Vanadium Identifies Large-Scale Carlin-Type Gold System with First Hole on its Property on the Carlin Gold Trend, Nevada
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2020) - First Vanadium Corp. (TSXV...
About this update from Phenom Resources Corp
[{"type":"text","content":"First Vanadium Identifies Large-Scale Carlin-Type Gold System with First Hole on its Property on the Carlin Gold Trend, NevadaVancouver, British Columbia--(Newsfile Corp. - November 2, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (\"First Vanadium\" or the \"Company\") is pleased to announce results from its first reverse circulation drill hole designed to provide an initial penetration into a potential gold target opportunity below the vanadium resource on its Carlin Vanadium-Gold Property on the Carlin Gold Trend in Nevada. The gold opportunity was identified by renowned geologist and mine-finder Dave Mathewson, a former Newmont Regional Exploration Manager who is the Company's Geological Advisor and is the Qualified Person spearheading and supervising the gold drilling program.Dave Mathewson states, \"With our very first hole we have drilled into a significant large-scale Carlin-type gold system at a reasonable depth, much like I have seen elsewhere in the Carlin Gold Trend. Typical Carlin-type deposit system geochemistry and alteration were encountered in this hole, indicated by gold (Au), arsenic (As), mercury (Hg), antimony (Sb), and thallium (Tl). This, along with other critical features including key rock formations, collapse brecciation and strong alteration (silica-pyrite+/-arsenopyrite-dolomite-realgar) make it potentially analogous to other important Carlin-type deposit systems such as Nevada Gold Mines' massive Gold Quarry deposit (13 miles to the northwest). Because of the significance of this first hole, we are immediately resuming reverse circulation drilling for the purpose of assessing the extent and strength of the system and to begin vectoring into hot spots within the system.\"Highlights from RC20-01:The highest levels of gold and associated pathfinder metals were in the best possible location, specifically the upper silicified, collapse brecciated lower plate Popovich Limestone. Dave Mathewson is encouraged by the gold numbers encountered, which are indicative of the fringes of a large-scale gold system.The four principal elements for Carlin-type Gold deposits are 1) system, 2) host, 3) structure, and 4) depth. All four elements have been confirmed with RC20-01. Very thick intervals of moderately to highly altered lower plate rock, locally containing significantly anomalous gold and a...