FenixOro Exploration Update: Drill Results To Date - What are they telling us?

Investor webinar replay

Meeting Overview The meeting focused on updates regarding drilling results and geological findings at the Aboriki site. The team expressed optimism about the potential for discovering a multi-million ounce gold deposit, highlighting significant mineralization patterns and drilling successes. Key Discussion Points - Overview of drilling results indicating high-grade gold and wider zones of lower-grade mineralization. - Description of Beritica-style mineralization and its significance. - Discussion of geological characteristics, including the depth and continuity of vein systems. - Importance of soil anomalies and surface workings as indicators for gold presence. - Current drilling progress, including completed holes and future drilling plans. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Continue drilling holes 6 and 7 after the Christmas break. - [Unassigned] : Prepare for metallurgical test work once sufficient data is available. - [Una...

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[Speaker identities could not be resolved; generic labels used] [00:12] Speaker 1: Good morning, everyone. Good afternoon, as it were, depending on which coast you're on. Thanks for joining us again today for our update. [00:20] Speaker 1: As you know, most of, you know, I believe [00:23] Speaker 1: we have been drilling, we have been [00:26] Speaker 1: receiving results. We're to be clear, we're very encouraged by what we've been seeing to date and [00:32] Speaker 1: we wanted to ensure that [00:35] Speaker 1: everyone understood the significance of what we've [00:38] Speaker 1: been intercepting [00:40] Speaker 1: and [00:41] Speaker 1: provide some context so that the results are clearly understood for [00:45] Speaker 1: what they are. [00:48] Speaker 1: Just to recap, [00:50] Speaker 1: we believe at Aboriki that we have [00:54] Speaker 1: something very similar to what we call Beritica-style mineralization. [00:58] Speaker 1: What is that? [00:59] Speaker 1: It is the combination of extremely high-grade gold [01:02] Speaker 1: with wider zones of lower-grade mineralization. [01:06] Speaker 1: And we're certainly seeing both of those things in our drilling to date. [01:12] Speaker 1: Each of these holes has very specific targets that we're aiming for [01:16] Speaker 1: and we're hitting the targets that we're aiming for, that's a positive. [01:21] Speaker 1: We are finding [01:23] Speaker 1: the combination of both these things. We've hit extremely high grades up to 71 grams per ton and we have hit wider zones of lower grade. So [01:31] Speaker 1: we're seeing both these or all the elements [01:34] Speaker 1: in this [01:36] Speaker 1: environment, in various environments. All these holes have slightly different objectives that we're testing in this early stage [...