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Phenom Options Smoke Property from Mathewson in Independence - Eureka Gold Trend, Nevada
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2021) - Phenom Resources Corp. (TS...
About this update from Phenom Resources Corp
[{"type":"text","content":"Phenom Options Smoke Property from Mathewson in Independence - Eureka Gold Trend, NevadaVancouver, British Columbia--(Newsfile Corp. - October 28, 2021) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) (\"Phenom\" or the \"Company\") is pleased to announce that it is selectively strengthening its gold portfolio in Nevada by signing an Option Agreement exclusively with Dave Mathewson for a property he has held since 2015 and planned to drill himself in the Independence- Eureka Gold Trend. The option of the SMOKE Property will further strengthen Dave Mathewson's position and engagement in Phenom Resources Corp. with additional stock in the Company as he spearheads and supervises the exploration on both the SMOKE Property and the Carlin Vanadium-Gold Project. Mr. Mathewson is a renowned Nevada gold specialist and former Newmont Mining Corporation Regional Exploration Manager. Mr. Mathewson was instrumental in several significant gold deposit discoveries in the Rain and Railroad Mining Districts in the southern portion of the Carlin Gold Trend where the Carlin Vanadium-Gold project is located.Paul Cowley, President & CEO states, \"We are very pleased to add this high-quality asset from Dave Mathewson who has a proven eye for good gold prospects in Nevada. The terms are very modest to manage, still allowing us to focus the bulk of our treasury on drilling the Carlin Vanadium-Gold Project which is still in progress. In our aggressive fashion, the Company plans to drill the SMOKE prospect in November with a first pass 5-7 hole reverse circulation of approximately 1,100m (3,600ft) program.\" The SMOKE claim group, 65 kilometres south of Eureka, Nevada comprise 48 unpatented lode claims protecting a 3.9 square kilometre area of intriguing geological and geophysical characteristics for gold exploration. SMOKE is on the southern extension of the Independence-Eureka Trend, near the intersection with the Battle Mtn-Eureka Trend (see Figure 1). The SMOKE claims cover two strongly altered, silicified Paleozoic limestone exposures that bear some resemblance to Devils Gate Fm of Devonian age, a known host to gold mineralization in Nevada. One silicified exposure is substantial at 0.5 kilometres long. The limited exposures are surrounded by what is believed to be a thin veneer of post-mineral gravel located in the central Litt...