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Phenom Reports Dobbin Gold Footprint Update, Nevada

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Phenom Resources has provided an update on the Dobbin gold soil anomaly in Nevada. The company has identified a 600-metre long by 200-metre wide trend of significant veining and jasperoid alteration, interpreted as a faulted off south-western extension of the gold anomaly. Initial soil results show positive findings in gold and pathfinder elements. The company has dispatched crews to expand the soil grid to cover a 550-metre by 200-metre gap. The gold soil anomaly currently extends at least 1.3 kilometres, with potential for further extension. The anomalous zone is believed to be controlled by northeast-trending structures cutting through Roberts Mountains Formation carbonates, a key host for Carlin-type gold deposits in Nevada.

Phenom Resources ha fornito un aggiornamento sulla anomalia di suolo aurifero di Dobbin in Nevada. L'azienda ha identificato un trend significativo di veining e alterazione jasperoide lungo 600 metri e largo 200 metri, interpretato come un'estensione fratturata a sud-ovest dell'anomalia di oro. I risultati iniziali del suolo mostrano riscontri positivi in oro e in elementi guida. L'azienda ha inviato squadre per ampliare la griglia di campionamento del suolo per coprire un intervallo di 550 metri per 200 metri. L'anomalia di suolo aurifero attualmente si estende per almeno 1,3 chilometri, con potenziale per ulteriori estensioni. Si ritiene che la zona anomala sia controllata da strutture disposte in direzione nord-est che attraversano i carbonati della formazione dei Roberts Mountains, un'importante sede per i depositi auriferi di tipo Carlin in Nevada.

Phenom Resources ha proporcionado una actualización sobre la anomalía de suelo aurífero de Dobbin en Nevada. La empresa ha identificado una tendencia significativa de vetas y alteración jasperoide de 600 metros de largo y 200 metros de ancho, interpretada como una extensión fallada al suroeste de la anomalía de oro. Los resultados iniciales del suelo muestran hallazgos positivos en oro y elementos guía. La empresa ha enviado equipos para expandir la cuadrícula del suelo para cubrir un tramo de 550 metros por 200 metros. La anomalía de suelo aurífero actualmente se extiende al menos 1,3 kilómetros, con potencial para una mayor extensión. Se cree que la zona anómala está controlada por estructuras que atraviesan los carbonatos de la Formación Roberts Mountains, un hospedador clave para los depósitos de oro tipo Carlin en Nevada.

Phenom Resources는 네바다의 도빈 금 토양 이상에 대한 업데이트를 제공했습니다. 이 회사는 600미터 길이와 200미터 너비의 중요한 광맥과 자스퍼오이드 변화를 식별했으며, 이는 금 이상이 있는 남서쪽 연장의 단층으로 해석됩니다. 초기 토양 결과는 금과 경수 요소에서 긍정적인 발견을 보여줍니다. 이 회사는 550미터 x 200미터 구간을 덮기 위해 토양 그리드를 확장하기 위해 팀을 파견했습니다. 현재 금 토양 이상은 최소 1.3킬로미터 이상 뻗어 있으며, 추가적인 확장의 잠재성이 있습니다. 이상 지역은 로버츠 마운틴스 형성의 탄산염을 가로지르는 북동향 구조에 의해 제어된다고 믿어집니다. 이는 네바다에서 카를린 유형 금 매장의 주요 서식지입니다.

Phenom Resources a fourni une mise à jour concernant l'anomalie de sol aurifère de Dobbin au Nevada. L'entreprise a identifié une tendance de 600 mètres de long et 200 mètres de large, caractérisée par un veining significatif et une alteration jasperoïde, interprétée comme une extension fracturée vers le sud-ouest de l'anomalie aurifère. Les résultats initiaux du sol montrent des conclusions positives concernant l'or et des éléments indicateurs. L'entreprise a dépêché des équipes pour étendre la grille de sol afin de couvrir un intervalle de 550 mètres par 200 mètres. L'anomalie de sol aurifère s'étend actuellement sur au moins 1,3 kilomètres, avec un potentiel d'extension supplémentaire. La zone anormale est considérée comme contrôlée par des structures orientées nord-est traversant les carbonates de la formation des Roberts Mountains, un hôte clé pour les dépôts d'or de type Carlin dans le Nevada.

Phenom Resources hat ein Update zur Dobbin-Goldbodenanomalie in Nevada bereitgestellt. Das Unternehmen hat einen signifikanten Trend von 600 Metern Länge und 200 Metern Breite mit bedeutenden Ader- und Jasperoideränderungen identifiziert, der als eine nach Südwesten versetzte Verwerfung der Goldanomalie interpretiert wird. Erste Bodenuntersuchungen zeigen positive Ergebnisse hinsichtlich Gold und Begleitmineralen. Das Unternehmen hat Teams entsandt, um das Bodenraster auf eine Lücke von 550 Metern mal 200 Metern zu erweitern. Die Goldbodenanomalie erstreckt sich derzeit mindestens über 1,3 Kilometer, mit Potenzial für eine weitere Ausdehnung. Die anomale Zone wird voraussichtlich von nordostgerichteten Strukturen kontrolliert, die durch die Karbonate der Roberts Mountains Formation schneiden, die ein wichtiger Wirt für Carlin-Typ Goldlagerstätten in Nevada sind.

Positive
  • Gold soil anomaly extends for at least 1.3 kilometers with potential for expansion
  • Identification of significant veining and jasperoid alteration in a 600m x 200m trend
  • Location in favorable geological setting for Carlin-type gold deposits
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - November 13, 2024) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce an update on the developments of the Dobbin gold soil anomaly last reported October 9, 2024. Prospecting and mapping had identified a 600 metre (2,000 ft) long by 200 metre (650 ft) wide trend of similar alteration (significant veining and jasperoid) which was interpreted to be a faulted off south-western extension of the gold anomaly. Soil results from this new segment have been received with some positive results in gold and pathfinder elements that only partially defines the south-western extension of the gold trend. Crews were dispatched yesterday to expand the soil grid to cover a 550 metre (1800 ft) by 200 metre (650ft) gap over the suspected remainder of the anomaly. Collective results will be reported once received.

The gold soil anomaly is at least 1.3 kilometres (4,300 ft) in length with the potential to extend its length with new soil sampling underway. The anomalous gold zone is interpreted to be controlled by northeast-trending structures presumed to be subvertical, cutting through gently-dipping Roberts Mountains Formation carbonates, an important host for many Carlin-type gold deposits in central and northern Nevada.

About Phenom Resources Corp.

Phenom has 100% interest in the Carlin Gold-Vanadium Project, located six miles south from the town of Carlin, Nevada, and Highway I-80 in Elko County, which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately nine million ounces comprised of multiple gold deposits, including past producing mines, are present near (5-15km) the Phenom property. The Company has options on three gold projects in Nevada - the King Solomon and Dobbin Properties, which are Carlin Gold-type targets, and the Crescent Valley Property, a Bonanza high grade gold vein-type target.

ON BEHALF OF PHENOM RESOURCES CORP.

per: "Paul Cowley"
CEO & President
(604) 340-7711
pcowley@phenomresources.com www.phenomresources.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, Director and Geological Consultant of the Company and a Qualified Person as defined by National Instrument 43-101.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operations and activities of Phenom, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company's exploration plans, including ongoing mapping and sampling, future assay results and the impact thereof. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Phenom, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Phenom does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229772

FAQ

What is the current length of Phenom Resources (PHNMF) Dobbin gold soil anomaly?

The Dobbin gold soil anomaly is currently at least 1.3 kilometres (4,300 ft) in length, with potential to extend further through new soil sampling.

What is the size of the new trend identified by Phenom Resources (PHNMF) at Dobbin?

The newly identified trend measures 600 metres (2,000 ft) long by 200 metres (650 ft) wide, characterized by significant veining and jasperoid alteration.

What type of geological formation hosts the Phenom Resources (PHNMF) Dobbin gold anomaly?

The gold anomaly is hosted in Roberts Mountains Formation carbonates, which are important host rocks for Carlin-type gold deposits in central and northern Nevada.

PHENOM RESOURCES CORP

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