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Phenom Validates the Low Sulphidation Epithermal Gold Target at Crescent Valley
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Phenom Resources Corp. (TSXV:...
About this update from Phenom Resources Corp
[{"type":"text","content":"Phenom Validates the Low Sulphidation Epithermal Gold Target at Crescent ValleyVancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) (\"Phenom\" or the \"Company\") is pleased to announce drill results further validate its Bonanza-type low sulphidation epithermal gold model and target at the Company's Crescent Valley Gold Project (CVN), about 22 km (13 miles) southwest of Carlin, NV, strategically located along the southwest fringe of the Carlin Gold Trend within the prospective Northern Nevada Rift, Nevada. This follows the Company's announcement January 12, 2026, of the discovery of a rare Earth and Critical metals deposit on CVN and the expansion of the property size.Dave Mathewson states, \"The Bonanza-type low sulphidation epithermal gold model and target on Crescent Valley are in play and have been further validated and advanced with the recent drilling of hole CVN25-03. There is a dramatic increase in gold presence with over half of the hole reporting elevated gold values, a dramatic increase in volume of quartz veining, and evidence of boiling starting at a depth of 700 feet.\" The angled reverse circulation hole, CVN25-03, drilled under two historic RC drillholes on the same cross-section. Figure 1 demonstrates comparative geology and gold intercepts of each holes. Figure 2 shows hole locations and size of both the REE-Critical Metals deposit and the low sulphidation epithermal targets. It is apparent from the cross-section that stepping westward and deeper than the previous drill holes shows promise. There is a dramatic increase in gold presence, although low grade, being more abundant throughout CVN25-03. Quartz flooding, veining and brecciation zone increases from a thickness of 100 feet to over 560 feet. In addition, key alteration minerals, adularia and alunite were observed in CVN25-03, important pathfinder alteration minerals associated with boiling zones where gold typically drops out in these low sulphidation epithermal systems. Figure 1: Cross-section of CVN25-03 - Low Sulphidation Epithermal TargetTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3372/281204_79c21f1ca4492a9b_002full.jpgDave Mathewson continues, \"It was very important to establish depths of boiling in this 5-6-kiometre lon...