Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) announces plans to begin drilling at its Crescent Valley Gold Project in mid-October. This follows positive results from an IP geophysical survey completed in August. The project, located in Northern Nevada, is described as a high-grade, bonanza-vein gold prospect within the Northern Nevada Rift, near the Carlin Gold Trend.
Dave Mathewson, Director and Geological Advisor, compares the project’s setting to the SLEEPER deposit in Humboldt County, Nevada, which was once the world’s lowest-cost gold producer. The Crescent Valley Gold Project controls a 4 km strike-length of a large low-sulphidation epithermal vein system, featuring multi-event, silica-healed hydrothermal breccias. The project is located 22 km southwest of Carlin, Nevada.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) annuncia piani per iniziare le perforazioni presso il suo Progetto Aurifero di Crescent Valley a metà ottobre. Questo segue risultati positivi da un’indagine geofisica IP completata in agosto. Il progetto, situato nel Nevada settentrionale, è descritto come una prospettiva aurifera ad alta legge, appartenente al filone bonanza all’interno della Rift del Nevada settentrionale, vicino alla Carlin Gold Trend.
Dave Mathewson, Direttore e Consulente Geologico, paragona l’ubicazione del progetto al deposito SLEEPER nella Contea di Humboldt, Nevada, che una volta era il produttore di oro a più basso costo al mondo. Il Progetto Aurifero di Crescent Valley controlla una lunghezza di strike di 4 km di un ampio sistema di vene epithermali a bassa sulfidazione, caratterizzato da brecce idrotermali ricomposte in silice di eventi multipli. Il progetto si trova a 22 km a sud-ovest di Carlin, Nevada.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) anuncia sus planes para comenzar la perforación en su Proyecto de Oro de Crescent Valley a mediados de octubre. Esto sigue a resultados positivos de un estudio geofísico IP completado en agosto. El proyecto, ubicado en Nevada del Norte, se describe como una perspectiva de oro de alta ley, en un filón bonanza dentro de la Rift del Norte de Nevada, cerca de la Carlin Gold Trend.
Dave Mathewson, Director y Asesor Geológico, compara la ubicación del proyecto con el depósito SLEEPER en el Condado de Humboldt, Nevada, que alguna vez fue el productor de oro de menor costo en el mundo. El Proyecto de Oro de Crescent Valley controla una longitud de strike de 4 km de un amplio sistema de venas epithermales de baja sulfidación, caracterizado por brechas hidrotermales sanadas por sílice de múltiples eventos. El proyecto se encuentra a 22 km al suroeste de Carlin, Nevada.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF)는 10월 중순에 크레센트 밸리 금 프로젝트에서 시추를 시작할 계획을 발표했습니다. 이는 8월에 완료된 IP 지구물리 탐사에서 긍정적인 결과가 나왔기 때문입니다. 이 프로젝트는 북부 네바다에 위치하며, 북부 네바다 균열 지역 내의 보난자 광맥으로 설명되는 고급 금 잠재력을 가지고 있습니다. 이는 칼린 골드 트렌드 근처에 있습니다.
데이브 매튜슨(Dave Mathewson) 이사 및 지질 고문은 프로젝트의 위치가 한때 세계에서 가장 저렴한 비용으로 금을 생산했던 네바다 험볼트 카운티의 SLEEPER 광산과 유사하다고 비교합니다. 크레센트 밸리 금 프로젝트는 4km에 달하는 길고 넓은 저황화 열수맥 시스템을 제어하며, 여러 단계의 실리카로 도장된 열수 브레치아를 특징으로 합니다. 이 프로젝트는 네바다주 칼린에서 남서쪽으로 22km 떨어진 곳에 위치합니다.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) annonce ses projets de commencer le forage sur son Projet d’Or de Crescent Valley à la mi-octobre. Cela fait suite à des résultats positifs d’une enquête géophysique IP réalisée en août. Le projet, situé dans le Nord du Nevada, est décrit comme une prospect de haute qualité dans un filon bonanza au sein de la rift du nord du Nevada, près de la Carlin Gold Trend.
Dave Mathewson, Directeur et Conseiller Géologique, compare l’emplacement du projet au gisement SLEEPER dans le comté de Humboldt au Nevada, qui était autrefois le producteur d’or au coût le plus bas au monde. Le Projet d’Or de Crescent Valley contrôle une longueur de 4 km d’un grand système de veines épithermales à faible sulfidation, caractérisé par des brèches hydrothermales guéries au silice provenant de plusieurs événements. Le projet est situé à 22 km au sud-ouest de Carlin, Nevada.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) gibt bekannt, dass es plant, Mitte Oktober mit den Bohrungen am Crescent Valley Gold Projekt zu beginnen. Dies folgt auf positive Ergebnisse einer im August abgeschlossenen IP-geophysikalischen Untersuchung. Das Projekt, das sich im Nordnevada befindet, wird als hochgradige Bonanza-Goldlagerstätte innerhalb des Northern Nevada Rift beschrieben, in der Nähe des Carlin Gold Trend.
Dave Mathewson, Direktor und geologischer Berater, vergleicht die Lage des Projekts mit dem SLEEPER-Vorkommen im Humboldt County, Nevada, das einst der weltweit kostengünstigste Goldproduzent war. Das Crescent Valley Gold Projekt kontrolliert eine 4 km lange Strike-Länge eines großen, niedersulfidischen epithermalen Veinsystems, das aus mehrstufigen, silica-geheilten hydrothermalen Brekzien besteht. Das Projekt liegt 22 km südwestlich von Carlin, Nevada.
Positive
- Drilling permits and contractors secured for mid-October start
- Positive results from recent IP geophysical survey
- Strategic location near the Carlin Gold Trend in Northern Nevada
- Project compared to historically successful SLEEPER deposit
Vancouver, British Columbia–(Newsfile Corp. – September 25, 2024) – Phenom Resources Corp (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) (“Phenom” or the “Company”) is pleased to announce that permits and drill contractors are in place for a mid October start to the initial drilling campaign on the Company’s Crescent Valley Gold Project. The drill program follows positive results from an IP geophysical survey completed in August. The Crescent Valley Gold Project represents a high-grade, bonanza-vein gold prospect strategically located within the Northern Nevada Rift flanking the southwest fringe of the Carlin Gold Trend in Northern Nevada.
Dave Mathewson, Director and Geological Advisor to the Company states, “The Crescent Valley Project represents the core portion of the largest quartz vein system in Nevada that I am aware of. The project is a low-sulphidation bonanza-vein epithermal gold opportunity with a setting remarkably similar to that of the SLEEPER deposit located in Humboldt County, Nevada. The SLEEPER Mine was a high-grade gold mine operated by AMAX Gold from 1986-1996 and was considered the lowest cost gold producer in the world in 1988 at
The Crescent Valley Gold Project located 22 km (13 miles) southwest of the town of Carlin, Nevada controls a 4 kilometre (2.5 mile) strike-length of the large low-sulphidation epithermal vein system developed along the western margin of the northern Cortez Range. The range-front/margin vein system is a zone of multi-event, silica-healed, hydrothermal breccias. Portions of the veins display minor repetitive banding, coarsely-bladed calcite, and quartz pseudomorphs of the calcite, within larger zones of phreatic-type brecciation that typically represent above-boiling zones of hydrothermal fluids and also above the prospective deposition levels of gold.
About Phenom Resources Corp.
Phenom has
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/224563
FAQ
When will Phenom Resources Corp (PHNMF) start drilling at the Crescent Valley Gold Project?
Phenom Resources Corp plans to start drilling at the Crescent Valley Gold Project in mid-October 2024.
What recent positive results did Phenom Resources Corp (PHNMF) receive for the Crescent Valley Gold Project?
Phenom Resources Corp received positive results from an IP geophysical survey completed in August 2024 at the Crescent Valley Gold Project.
Where is the Crescent Valley Gold Project located?
The Crescent Valley Gold Project is located 22 km (13 miles) southwest of the town of Carlin, Nevada, within the Northern Nevada Rift near the Carlin Gold Trend.
What type of gold deposit is Phenom Resources Corp (PHNMF) exploring at Crescent Valley?
Phenom Resources Corp is exploring a high-grade, bonanza-vein gold prospect with a low-sulphidation epithermal vein system at the Crescent Valley Gold Project.
### Additional Insight:
#### Geological Comparison:
Dave Mathewson makes an intriguing comparison between the Crescent Valley Gold Project and the historically successful SLEEPER deposit in Humboldt County, Nevada, showcasing the potential for similar gold production at Crescent Valley.
#### Exploration Strategy:
Phenom Resources Corp’s strategic location near the Carlin Gold Trend in Northern Nevada hints at a promising exploration strategy, leveraging the geological similarities to known successful gold deposits in the region for potential success.
#### Future Prospects:
With drilling permits and positive survey results in place, Phenom Resources Corp appears to be on track for a successful drilling campaign at Crescent Valley, potentially uncovering significant high-grade gold deposits.
