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Phenom Reports Strong Gold Results from its Dobbin Gold Project, Nevada

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Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) has reported significant gold results from its Dobbin Gold Project in Nevada. The company identified a 900-meter long by 220-meter wide gold anomaly in soil samples, with values ranging from >0.1 g/t Au up to 2.73 g/t Au. This linear anomaly reflects a northeast-trending structure cutting through Roberts Mountains Formation carbonates, a key host for Carlin-type gold deposits in Nevada.

The anomaly is open-ended, prompting additional soil sampling to test up to a 1.7 kilometer potential strike length. Multiple areas of black jasperoid were noted during the sampling. Dave Mathewson, Director and Geological Advisor, described the anomaly as a 'mine deposit-scale anomaly' and a 'significant discovery indication event'. The geochemical levels of gold and associated pathfinder elements suggest the presence of a significant Carlin-style gold deposit.

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) ha riportato risultati significativi riguardo all'oro dal suo Progetto Dobbin Gold in Nevada. L'azienda ha identificato un anomalie d'oro lunga 900 metri e larga 220 metri nei campioni di suolo, con valori che variano da >0.1 g/t Au fino a 2.73 g/t Au. Questa anomalia lineare riflette una struttura che si estende in direzione nord-est, tagliando le carbonati della Formazione Roberts Mountains, un ospite chiave per i depositi di oro di tipo Carlin in Nevada.

L'anomalia è aperta, il che ha spinto a ulteriori campionamenti del suolo per testare una potenziale lunghezza di strike fino a 1.7 chilometri. Sono state notate diverse aree di jasperoide nero durante i campionamenti. Dave Mathewson, Direttore e Consulente Geologico, ha descritto l'anomalia come un 'anomalie su scala deposito minerario' e un 'significativo evento indicativo di scoperta'. I livelli geochimici di oro e degli elementi indiziatori associati suggeriscono la presenza di un significativo deposito d'oro in stile Carlin.

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) ha informado resultados significativos de oro de su Proyecto Dobbin Gold en Nevada. La empresa identificó un anomalía de oro de 900 metros de largo y 220 metros de ancho en muestras de suelo, con valores que varían de >0.1 g/t Au hasta 2.73 g/t Au. Esta anomalía lineal refleja una estructura que se extiende en dirección noreste a través de los carbonatos de la Formación Roberts Mountains, un hospedador clave para los depósitos de oro tipo Carlin en Nevada.

La anomalía está abierta, lo que ha llevado a realizar más muestreos de suelo para probar una posible longitud de strike de hasta 1.7 kilómetros. Se notaron múltiples áreas de jasperoide negro durante el muestreo. Dave Mathewson, Director y Asesor Geológico, describió la anomalía como un 'anomalía de escala de depósito minero' y un 'evento significativo indicativo de descubrimiento'. Los niveles geoquímicos de oro y los elementos indicativos asociados sugieren la presencia de un depósito de oro significativo de estilo Carlin.

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF)는 네바다의 도빈 골드 프로젝트에서 중요한 금 성과를 보고했습니다. 회사는 토양 샘플에서 900미터 길이와 220미터 너비의 금 이상징후를 확인했으며, 값은 >0.1 g/t Au에서 최대 2.73 g/t Au까지 변화합니다. 이 선형 이상징후는 로버츠 마운틴 형성의 탄산염을 통과하는 북동쪽으로 향하는 구조를 반영합니다. 이는 네바다의 카를린 유형 금 deposits에 대한 주요 호스트입니다.

이 이상징후는 열려 있어 최대 1.7킬로미터의 잠재적 스트라이크 길이를 테스트하기 위해 추가 토양 샘플링을 촉구하고 있습니다. 샘플링 동안 여러 지역에서 검은 자스퍼로이드가 관찰되었습니다. 데이브 매튜슨 이사이자 지질 고문은 이 이상징후를 '광산 매장 규모의 이상징후'라고 설명하며, '중요한 발견 표시 이벤트'라고 언급했습니다. 금과 관련된 경로 인자 원소의 지구화학적 수준은 상당한 카를린 스타일의 금 deposits의 존재를 암시합니다.

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) a rapporté des résultats significatifs en or de son projet Dobbin Gold au Nevada. L'entreprise a identifié une anomalie d'or de 900 mètres de long sur 220 mètres de large dans des échantillons de sol, avec des valeurs allant de >0,1 g/t Au jusqu'à 2,73 g/t Au. Cette anomalie linéaire reflète une structure s'orientant au nord-est, traversant les carbonates de la formation Roberts Mountains, un hôte clé pour les dépôts d'or de type Carlin au Nevada.

L'anomalie est ouverte, ce qui incite à effectuer des échantillonnages de sol supplémentaires pour tester une longueur de frappe potentielle allant jusqu'à 1,7 kilomètre. Plusieurs zones de jasperoïde noir ont été notées lors de l'échantillonnage. Dave Mathewson, directeur et conseiller géologique, a décrit l'anomalie comme une 'anomalie à l'échelle d'un dépôt minier' et un 'événement d'indication de découverte significatif'. Les niveaux géochimiques d'or et des éléments indicateurs associés suggèrent la présence d'un dépôt d'or de type Carlin significatif.

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) hat bedeutende Goldresultate aus seinem Dobbin Gold Projekt in Nevada gemeldet. Das Unternehmen identifizierte eine 900 Meter lange und 220 Meter breite Goldanomalie in Bodenproben, mit Werten von >0,1 g/t Au bis zu 2,73 g/t Au. Diese lineare Anomalie spiegelt eine nordostwärtsgerichtete Struktur wider, die durch die Karbonate der Roberts Mountains Formation schneidet, einen wichtigen Wirt für Carlin-typische Goldlagerstätten in Nevada.

Die Anomalie ist offen und erfordert zusätzliche Bodenprobenahmen, um eine potenzielle Strike-Länge von bis zu 1,7 Kilometern zu testen. Während der Probenahme wurden mehrere Bereiche von schwarzem Jasperoid festgestellt. Dave Mathewson, Direktor und geologischer Berater, beschrieb die Anomalie als 'Anomalie in der Größenordnung einer Lagerstätte' und als 'bedeutendes Entdeckungsanzeigeereignis'. Die geochemischen Gehalte von Gold und zugehörigen Wegweiser-Elementen deuten auf das Vorhandensein eines signifikanten Goldlagers im Carlin-Stil hin.

Positive
  • Identification of a large 900m x 220m gold anomaly in soil samples with values up to 2.73 g/t Au
  • Potential for extending the anomaly up to 1.7 km strike length
  • Strong indication of a Carlin-style gold deposit in a favorable geological setting
  • No previous drilling in the area, suggesting untapped potential
  • Company has staked additional claims to increase the size of the Dobbin Property
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - September 4, 2024) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce it has identified a strong 900 metre (approx. 3,000 ft) long by 220 metre (approx. 720 ft) wide gold in soils anomaly with a large number of values between >0.1 g/t Au up to 2.73 g/t Au (approx. 0.09oz/ton) on the Company's Dobbin Gold Project 80 kilometres southwest of Eureka in central Nevada (see Figure 1). The linear anomaly reflects a northeast- trending structure 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. Because the 900m long persistent anomaly is open-ended in both directions, addition soil sampling was completed last week to test up to a 1.7 kilometre potential strike length. Multiple areas of black jasperoid rubble and outcrop were noted by soil sampling crews during the recent extensional soil sampling work. These additional results should be available later this month.

Dave Mathewson, Director and Geological Advisor of the Company, states, "The size and strength of this surface gold soil anomaly is rarely found in Nevada and is as good as it gets. Anomalies of this character and magnitude where previously found have led to further gold discovery and ultimately even producing gold deposits. This is a mine deposit-scale anomaly. There are no other words than calling these results a significant discovery indication event. There has, to date, been no drilling anywhere in this area. These geochemical levels of gold and associated pathfinder elements within these permissive Roberts Mountains Formation carbonates strongly suggest the presence of a significant disseminated, carbonate-hosted Carlin-style gold deposit."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/3372/222079_f378f39094d62a28_002.jpg

Figure 1: Dobbin Gold Soil Anomaly defined by 25m x 25m detailed soil grid sampling

To view an enhanced version of this graphic, please visit:
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Dave Mathewson continues, "This Carlin gold deposit-style prospect was first identified and staked by me in 1989-1990 while in the employ of Newmont Exploration, Ltd. At that time, we could not advance the anomaly with trenching and drill testing because shortly after its discovery, the US Federal government imposed an overlapping Federal Wilderness Study Area. Some time after Newmont's departure from the site, the study area shrank to the smaller Table Mountain Wilderness Area, which reopened the anomaly to mineral staking and development. I am very pleased that this extraordinary anomaly has resurfaced, back in my hands again, and for Phenom."

Phenom submitted the samples to ALS Minerals, along with QAQC standards, for gold fire assay and ICP trace element analyses. The samples assayed up to 2.73 g/t gold along with strong Carlin-type pathfinder element values in arsenic, antimony and mercury. The northeast trending soil anomaly is consistent with field mapping of structures and air-photo interpretation. Mapping and sampling indicate the widespread presence of Carlin-type system alteration assemblage of jasperoid and decalcification. Limited rock chip sampling up to 400 metres along strike to the northeast end of the soil anomaly returned pathfinder element values up to 194 ppm arsenic, 103 ppm antimony and 12 ppm mercury, also suggestive that the anomaly is much longer than currently known. Geologic mapping and sampling are ongoing at the project.

Phenom has staked additional claims to increase the size of the Dobbin Property.

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 Vally 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. Such factors include, without limitation, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. 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/222079

FAQ

What are the key findings from Phenom Resources' Dobbin Gold Project in Nevada?

Phenom Resources (PHNMF) identified a 900-meter long by 220-meter wide gold anomaly in soil samples, with values up to 2.73 g/t Au, indicating potential for a significant Carlin-style gold deposit.

What is the significance of the gold anomaly discovered by Phenom Resources (PHNMF) at the Dobbin Project?

The size and strength of the gold anomaly are described as 'mine deposit-scale' and a 'significant discovery indication event', suggesting the potential presence of a substantial Carlin-style gold deposit in Nevada.

Has there been any previous drilling at Phenom Resources' (PHNMF) Dobbin Gold Project?

No, there has been no previous drilling in the area of the gold anomaly at the Dobbin Gold Project, which suggests untapped potential for gold discovery.

What actions is Phenom Resources (PHNMF) taking to follow up on the Dobbin Gold Project results?

Phenom Resources is conducting additional soil sampling to test up to a 1.7 kilometer potential strike length, continuing geologic mapping and sampling, and has staked additional claims to increase the size of the Dobbin Property.

PHENOM RESOURCES CORP

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