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Phenom Resources Provides Updated Assessment of the King Solomon Gold Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is
About this update from Phenom Resources Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) (\"Phenom\" or the \"Company\") is pleased to report that consulting geologist Dr. Mike Ressel has provided the Company with a comprehensive report on his summer 2025 mapping, compilation of historic geological, geophysical and geochemical data, and assessment of the Company's King Solomon Gold Project, in central Nevada, 120 kilometres (75 miles) southwest of Eureka, NV and 38 km (24 miles) southwest of the Company's Dobbin Gold Project. Both projects lie along the prospective Paleozoic continental margin within favorable carbonate host rock units and nearby early Tertiary intrusive/extrusive heat sources contributing to rock alteration and potential metal emplacement. The 83-page technical report is now available on the Company website. Highlights are provided here to demonstrate the project's regional-scale (6.2 square miles; 16.1 square kilometers) Carlin-type gold-silver-antimony and epithermal volcanic-hosted mineralized system. Furthermore, it is noteworthy to mention that King Solomon has been held by numerous quality explorers in the past, all recognizing the significance of this property but appear to have ultimately fatigued and walked from onerous permitting requirements by US Forest Service. In meetings with Phenom Representatives held in Washington, DC, the Chief of the US Forest Service, Chief Tom Schultz, indicated simplified draft permitting reform is in progress and anticipating implementation this year. We anticipate these changes will finally allow King Solomon exploration to be conducted more expeditiously under reasonable exploration permitting policies. The Company is hopeful the timing of these new policies will allow for King Solomon drilling this year. Extensive hydrothermal alteration and significant Au mineralization characterized by elevated Au, Ag, As, Sb, Hg, Tl, and Ba occur within the King Soloman target area. Geophysical data include fairly detailed airborne magnetics, gravity, and limited CSAMT and IP. The magnetics and gravity data corroborate much of the detailed mapping, lending support to map interpretations of intrusive doming and extensive shallow covered and exposed carbonate rocks. The lower-plate carbonate strata are variable in character, and several units p...