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Phenom Resources Provides Drill Progress on Its Flagship Nevada Project
Vancouver, British Columbia--(Newsfile Corp. - November 23, 2021) - Phenom Resources Corp. (T...
About this update from Phenom Resources Corp
[{"type":"text","content":"Phenom Resources Provides Drill Progress on Its Flagship Nevada ProjectVancouver, British Columbia--(Newsfile Corp. - November 23, 2021) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) (\"Phenom\" or the \"Company\") (formerly First Vanadium Corp) is pleased to announce drilling results from eight reverse circulation holes evaluating the gold system on its flagship Carlin Gold-Vanadium Project on the Carlin Gold Trend. Drilling confirms that the gold system is immense, tracking at least 6.4 kilometres (4 mile) in length, averaging 0.5-1 kilometre (0.3-0.6 miles) wide, defined by the IP anomaly and favourable geological rock units with favourable alteration, brecciation, sulfide, gold and pathfinder metals. Extensive intercepts averaging 0.5 kilometre long of continuous elevated gold values have been encountered in every hole, indicating a vast amount of rock has been impregnated with gold. Dave Mathewson states, \"We are encouraged that from this drilling we have gained sound building blocks to understand this favourable large system. With it, vectoring tools are evident to pursue high grade sectors within it. The size of the system and extensive halo of gold within it, point to potentially multiple high-grade feeders, like a string of beads, snuggled along the westside, i.e. horst side, of the north/south graben fault. From my experience, these large Carlin systems always have high grade feeder zones. Often, they are in the order of 150-200m diameter, or smaller, collapse breccia \"pipe-like features\" so they are not always easy to find but the prize certainly can be worth the effort. We have plenty of high priority areas to go after with persistence, good science, and superior exploration know-how.\"Figure 1 provides a close-up look of the system as expressed by the IP anomaly, the drilling and the high priority drill target areas. Figure 2 provides the bigger picture of the 6.4-kilometre-long system within the southern portion of the Carlin trend. Note that Phenom controls 3 of 4 of the square miles of the system, with the one intervening square mile controlled by Nevada Gold Mines, the Barrick/Newmont Joint Venture. Initial conclusions from the drilling are: 1) The system is immense, tracking at least 6.4 kilometres (4 mile) long averaging 0.5-1 kilometre (0.3-0.6 miles) wide as defined by the IP anomaly (i...