FENIXORO GOLD CORP - FDVXF STOCK NEWS

FenixOro Gold Corp (OTCQB: FDVXF) has successfully closed the first tranche of a non-brokered private placement, raising $369,000 by issuing 2,050,000 units at $0.18 each. Each unit comprises one common share and one share purchase warrant, exercisable at $0.23 for two years. The proceeds will fund Phase 2 drilling at the Abriaqui Project, focusing on the high-grade Prospera Vein. Directors and officers purchased 800,000 units, totaling $144,000. A second tranche is anticipated to raise up to $2.6 million. All securities face a four-month hold period.

FenixOro Gold Corp. (CSE: FENX; OTCQB: FDVXF) announced a non-brokered private placement of Units priced at $0.18, aiming for gross proceeds of $2-3 million. Each Unit includes a common share and a warrant exercisable at $0.23 for 24 months. Proceeds will fund Phase 2 drilling to explore new targets, particularly in the southeastern block. Closing is expected by June 30, 2022, pending regulatory approval. CEO John Carlesso highlighted recent discoveries of high-grade mineralization in the Prospera Vein, indicating potential growth in exploration capabilities.

FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF) announced the discovery of the high-grade Prospera Vein at the Abriaqui property, featuring remarkable gold grades up to 153 g/t and silver grades reaching 1138 g/t. This vein, significant for its continuous 100-meter strike, exhibits an average of 39.2 g/t gold and 254 g/t silver. The vein's potential extends horizontally up to 500 meters. Planned reconnaissance drilling aims to explore deeper mineralization, marking it as a crucial focal point for future exploration and potentially enhancing the project's value.

FenixOro Gold Corp (CSE: FENX, OTCQB: FDVXF) announced today an increased capacity for its upcoming investor webinar scheduled for May 18, 2022, at 12 PM EDT. The session will provide a corporate update and insights into the Phase 2 drilling program's progress. CEO John Carlesso and VP Exploration Stuart Moller will present key developments and successes achieved in their gold exploration projects, particularly the Abriaqui project in Colombia, known for its high-grade gold deposits.

FenixOro Gold Corp (OTCQB:FDVXF) announced a webinar scheduled for 12:00 PM EDT on May 18, 2022, where CEO John Carlesso and VP Exploration Stuart Moller will discuss updates on the Phase 2 drilling program at the Abriaqui project in Colombia. The webinar aims to inform investors about the company's exploration successes.

The Abriaqui project is strategically located near significant gold discoveries, showcasing potential similar to the Buritica project. The company emphasizes the high gold grade at Abriaqui, with further insights provided during the webinar.

FenixOro Gold Corp (OTCQB:FDVXF) announced promising drill results from the Southern Vein Zone, confirming multiple veins that enhance resource potential. Significant assays include 1.25m at 23.55 g/t gold and 2.40m at 5.69 g/t gold. Higher silver to gold ratios and new actinolite-albite veinlets associated with visible gold were also highlighted. The company continues its drilling program within the Abriaqui project, now totaling over 11,600 meters and identifying over 100 gold-bearing veins. The outlook remains positive as many high-priority targets remain untested.

FenixOro Gold Corp (OTCQB: FDVXF) announced positive updates from its Phase 2 exploration program at the Abriaqui project, Antioquia, Colombia. The results reveal significant gold grades, including a peak assay of 425 g/t gold and new resource blocks discovered in the Central Zone. The Santa Teresa Vein is confirmed to extend 1000 meters, enhancing its resource potential. Despite heavy rainfall causing drilling delays, the exploration continues with promising results anticipated from additional assays.

FenixOro Gold Corp. (CSE: FENX; OTCQB: FDVXF) has announced plans to produce collectible gold coins sourced from local artisanal miners at its Abriaqui project. This initiative highlights a commitment to sustainable mining practices and cultural heritage. The global numismatic market, valued at approximately USD 12 billion, has seen a 16% price increase over the past year, indicating rising investor interest in precious metals. FenixOro aims to leverage this growing market, further enhancing community engagement and revenue generation.

FenixOro Gold Corp. (OTCQB: FDVXF) announced recent changes to Colombian law that streamline the land-use application process, aiding responsible mining development. While the company does not expect immediate effects, it supports these reforms for their potential positive impact on the metal exploration sector. CEO John Carlesso noted this reflects the government's commitment to economic growth and responsible mining, particularly concerning the Abriaqui project. FenixOro also granted stock options for 3 million common shares at $0.26, expiring in five years.