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FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF) announces significant drill results in the Abriaqui district, including the deepest gold intersection to date. Hole P014 reached 1008 meters, intersecting 15.71 g/t gold at an elevation of 1245 meters, 300 meters deeper than previous findings. This expands the vertical range of high-grade gold to 1500 meters in the vein system. The results indicate multiple mineralized veins with potential for low-cost bulk underground mining, enhancing resource potential modeling significantly.
On January 25, 2022, FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF) announced significant mineral discoveries at its Abriaqui gold project in Colombia. The company identified six wide mineralized zones across four veins, showing characteristics similar to the highly productive Buritica mine. Intersections ranged from 7.7 to 20.1 meters in thickness, with gold grades between 2.2 g/t and 8.5 g/t. FenixOro’s exploration strategy aims to uncover more "Buritica style" mineralization, essential for potential bulk underground mining, ultimately enhancing project economics.
FenixOro Gold Corp (OTCQB:FDVXF) has mobilized a second drill to explore the high-potential southeast block of its Abriaqui project. The area features a 600 m soil anomaly indicating over 1 g/t gold and contains the highest-grade channel sample in the project, at 146 g/t gold. Drilling will focus on new targets with significant historical high-grade production. The team, led by VP Exploration Stuart Moller, is optimistic about upcoming exploration results, which promise to enhance the understanding of both gold and silver composition in the region.
FenixOro Gold Corp (OTCQB: FDVXF) outlined its ambitious plans for 2022, building on its successful 2021 exploration results at the Abriaqui gold project. Highlights from last year include multiple high-grade gold intercepts, a preliminary resource estimate of 1.6 to 2.4 million ounces, and a new phase of drilling. The company aims to enhance the existing resource by deepening and expanding currently modeled structures and exploring additional veins. A new lab is expected to speed up assay results, supporting more timely data flow and project advancements.
FenixOro Gold Corp. (OTCQB: FDVXF) announced a non-brokered private placement priced at $0.31 per Unit, aiming for gross proceeds of about $3 million. Each Unit comprises one common share and one common share purchase warrant, exercisable at $0.34 for two years. Funds will enhance Phase 2 drilling at the Abriaqui project, following a successful Phase 1 that discovered high-grade gold mineralization. Closing is expected around November 15, 2021, pending regulatory approval.
FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF) announced plans to present at the Colombia Gold Symposium in Medellin on November 16-17, 2021. CEO John Carlesso will showcase the Abriaqui gold project on the New Gold Explorers panel. The symposium focuses on gold and copper exploration, discussing country risk and innovation. FenixOro is dedicated to exploring gold projects in Colombia’s prolific regions, with the Abriaqui project located near significant gold discoveries. A Phase 2 drilling program is underway following a successful first phase, indicating a high-grade gold deposit.
FenixOro Gold Corp (CSE:FENX) (OTCQB:FDVXF) announced its participation in Noble Capital Markets’ C-Suite Interview Series, highlighting its Abriaqui Gold Project. CEO John Carlesso discussed the favorable business climate in Colombia, property accessibility, exploration results, and plans for a maiden resource estimate. The interview is available online, recorded on October 5, 2021. FenixOro focuses on gold projects in Colombia's Mid-Cauca gold belt, with significant discoveries reported from its drilling programs.
FenixOro Gold Corp (OTCQB:FDVXF) announced the completion of Phase 2 drilling on the Abriaqui gold deposit, with significant results following delays due to COVID-19. Key highlights include the discovery of the high-grade "Cascada" vein, intersecting 1.3m at 23.23 g/t gold. The average grade of three main veins increased by up to 55%, and new mineralization was found in previously unexplored veins. Preparations for further drilling in the southeastern block are underway. These findings significantly enhance resource expectations for the company.
On September 20, 2021, FenixOro Gold Corp (OTCQB:FDVXF) announced that Tom Obradovich has joined its Advisory Committee. Obradovich is a veteran in the mining industry with over 38 years of experience, having successfully co-founded and led several mining projects. He played key roles in the discovery of significant mines, including the Raglan South Nickel Belt and the Fruta Del Norte gold deposit. FenixOro is focused on gold exploration in Colombia, with its flagship Abriaqui project showing promising high-grade gold discoveries. The company also granted 1,200,000 stock options to advisors, priced at 32 cents.
FenixOro Gold Corp (OTCQB:FDVXF) announced that Noble Capital Markets has initiated research coverage on the company. The report, authored by analyst Mark Reichman, is accessible on the Noble research platform. FenixOro is focused on gold exploration in Colombia, with its flagship Abriaqui project located near Continental Gold's Buritica project, a notable area for gold discoveries. Recent drilling at Abriaqui yielded significant findings of high-grade gold deposits. The company aims to leverage its exploration potential in the gold-rich Mid-Cauca belt.
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