Phenom Shares Historic Drill Results from its King Solomon Gold Project, Nevada
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) has released historic drill results from its recently optioned King Solomon Gold Project in central Nevada. The project, located 120 km southwest of Eureka, NV, covers a regional-scale Carlin-type gold system. Highlights include:
- 11 historic drill holes within a 425m by 250m area
- Shallow, consistent gold intercepts
- 9 of 11 holes have intercepts starting less than 46m from surface
- 9 of 11 holes ended in mineralization, indicating open opportunity at depth
Dave Mathewson, Company Director and Geological Advisor, believes there is excellent potential for significant Carlin-type gold deposits at King Solomon. The company has initiated permitting steps for drilling.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) ha pubblicato risultati storici di perforazione dal suo recentemente acquisito King Solomon Gold Project nel Nevada centrale. Il progetto, situato a 120 km a sud-ovest di Eureka, NV, copre un sistema aurifero di tipo Carlin su scala regionale. Tra i punti salienti ci sono:
- 11 fori storici di perforazione all'interno di un'area di 425m per 250m
- Intercettazioni d'oro superficiali e costanti
- 9 degli 11 fori hanno intercettazioni che iniziano a meno di 46m dalla superficie
- 9 degli 11 fori sono terminati in mineralizzazione, indicando opportunità aperte in profondità
Dave Mathewson, Direttore dell'azienda e Consulente Geologico, crede che ci sia un ottimo potenziale per significative riserve d'oro di tipo Carlin al King Solomon. L'azienda ha avviato le procedure per ottenere i permessi per le perforazioni.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) ha publicado resultados históricos de perforación de su reciente proyecto King Solomon Gold Project en el centro de Nevada. El proyecto, ubicado a 120 km al suroeste de Eureka, NV, abarca un sistema de oro tipo Carlin a escala regional. Los aspectos destacados incluyen:
- 11 agujeros de perforación históricos en un área de 425m por 250m
- Intercepciones de oro poco profundas y consistentes
- 9 de los 11 agujeros tienen intercepciones que comienzan a menos de 46m de la superficie
- 9 de los 11 agujeros terminaron en mineralización, lo que indica oportunidades abiertas a profundidad
Dave Mathewson, Director de la empresa y Asesor Geológico, cree que hay un excelente potencial para depósitos significativos de oro de tipo Carlin en King Solomon. La empresa ha iniciado los pasos para obtener los permisos para la perforación.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF)는 최근 옵션을 취득한 King Solomon Gold Project의 역사적인 시추 결과를 발표했습니다. 이 프로젝트는 네바다 중앙부에서 유레카, NV에서 남서쪽으로 120 km 떨어진 곳에 위치하며, 지역 규모의 카를린형 금 시스템을 포함하고 있습니다. 주요 내용은 다음과 같습니다:
- 425m x 250m 지역 내 11개의 역사적인 시추 홀
- 얕고 일관된 금 인터셉트
- 11개 홀 중 9개 홀은 지표에서 46m 이내에서 인터셉트가 시작됨
- 11개 홀 중 9개 홀은 광물화로 끝나 깊이에서 열린 기회를 나타냄
회사 이사이자 지질학적 자문인 데이브 매튜슨은 King Solomon에서 상당한 카를린형 금 매장량의 우수한 잠재성이 있다고 믿고 있습니다. 회사는 시추를 위한 허가 절차를 시작했습니다.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) a publié des résultats de forage historiques de son récent King Solomon Gold Project dans le centre du Nevada. Le projet, situé à 120 km au sud-ouest d'Eureka, NV, couvre un système aurifère de type Carlin à l'échelle régionale. Parmi les points saillants, on trouve :
- 11 trous de forage historiques sur une superficie de 425m par 250m
- Interceptions d'or superficielles et constantes
- 9 des 11 trous ont des interceptions commençant à moins de 46m de la surface
- 9 des 11 trous se sont terminés en minéralisation, indiquant une opportunité ouverte en profondeur
Dave Mathewson, directeur de l'entreprise et conseiller géologique, croit qu'il existe un excellent potentiel pour des dépôts d'or de type Carlin significatifs au King Solomon. L'entreprise a lancé les démarches pour obtenir les permis de forage.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) hat historische Bohrergebnisse aus ihrem kürzlich erworbenen King Solomon Gold Project im zentralen Nevada veröffentlicht. Das Projekt, das 120 km südwestlich von Eureka, NV, liegt, umfasst ein regionales Carlin-Goldsystem. Zu den Highlights gehören:
- 11 historische Bohrlöcher innerhalb eines Gebiets von 425m x 250m
- Flache, konsistente Goldinterzeptionen
- 9 der 11 Löcher haben Interzeptionen, die weniger als 46m von der Oberfläche beginnen
- 9 der 11 Löcher endeten in Mineralisierung, was offene Möglichkeiten in der Tiefe anzeigt
Dave Mathewson, Unternehmensdirektor und geologischer Berater, glaubt, dass ein ausgezeichnetes Potenzial für signifikante Carlin-Goldvorkommen bei King Solomon besteht. Das Unternehmen hat die Genehmigungsverfahren für Bohrungen eingeleitet.
- Historic drill results show consistent gold intercepts in shallow depths
- 9 out of 11 drill holes ended in mineralization, indicating potential for deeper deposits
- Project covers a regional-scale Carlin-type gold system
- Favorable host rock formations identified with collective thickness over 1000 feet
- Company has initiated permitting steps for drilling
- Historic drilling was to shallow depths, potentially missing deeper mineralization
- Previous explorers may not have fully understood the stratigraphy or gold model
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2024) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to share historic drill hole results from its recently optioned King Solomon Gold Project in central Nevada, 120 kilometres (75 miles) southwest of Eureka, NV and 38 km (24 miles) southwest for the Company's Dobbin Gold Project. Over that last year, Dave Mathewson, Company Director and Geological Advisor, has deliberately and purposefully guided Phenom to build up a gold portfolio rivaled by few in Nevada with the acquisitions of the Crescent Valley, Dobbin and King Solomon Gold Projects.
Like Dobbin, with its recent news of its significant open-ended 900m x 220m gold-in-soil anomaly, the King Solomon Project covers a regional-scale Carlin-type gold system. To demonstrate the calibre of the King Solomon Gold Project, the Company wishes to provide the following table, highlighting eleven historic drill holes on King Solomon within an area 425m by 250m (1,400ft x 820ft). Of note are the shallow attractive and consistent thicknesses and grades to the intercepts. Nine of the eleven holes have intercepts starting less than 46 metres (150ft) from surface and nine of the eleven holes ended in mineralization within the better host rock unit, the Paleozoic carbonates, demonstrating the open opportunity at depth.
Table 1: Highlighted Historic King Solomon Drill Intercepts - 9 of 11 holes ended in mineralization
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3372/223002_e9311c7b24e82a7d_002full.jpg
Dave Mathewson, accomplished gold finder states, "There is excellent potential for discovery of significant Carlin-type gold deposits at King Solomon. Previous explorers, appear to not have understood the full extent of, and significance of, the stratigraphy or gold model. Typical of earlier 1990's explorers, drilling was largely limited to shallow tests of 90m to 122m deep (300-400 feet) and was primarily focused on the potential within the overlying Tertiary volcanic rocks. Significant near surface gold intercepts within Tertiary volcanics which, noteworthy as they are, suggest a bigger potential within the underlying more permissive, Paleozoic carbonate package. Earlier explorers barely penetrated into the more prospective rock units, and only scratched the surface of this prospect. The carbonate sequence below the volcanics at King Solomon which I have identified include favourable gold host rock formations such as the Denay, Rabbit Hill, Roberts Mountain and Pogonip limestone Formations, with a collective thickness well in excess of 1000 feet. These rock units represent a very significant potential host package to gold deposits that have not been significantly drill tested here."
Dave Mathewson continues, "Drilling to date has confirmed the Carlin-replacement-style of mineralization and intercepts have approached desirable gold grades. The presence of permissive host rocks, Carlin-style epithermal-style alteration, and geochemistry of up to very high levels of arsenic, antimony, mercury, and locally gold, all indicate gold deposit prospectivity. I lean strongly toward believing the existence of one or more gold deposits are present in the area."
The Company has initiated permitting steps for drilling.
About Phenom Resources Corp.
Phenom has
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, a Qualified Person as defined by National Instrument 43-101, director and Geological Consultant of the Company.
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.
Forward-looking information
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223002
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