| The Most Exciting Carlin Trend Discovery in Decades? d Morning, I'm sharing a few comments that I made to elite and premium members last night ("Featured Stocks") regarding two particular stocks/stories that I'm most excited about currently. Below these comments, not the press release out this morning from Phenom Resources. Incredible! Featured Stocks Please, don't sleep on I-80 Gold (IAUX/IAU) under $1.25 USD nor Phenom Resources (PHNMF/PHNM) under .45 CAD or .33 on PHNMF. I-80 should begin a streak of outperforming GDXJ and the junior gold mid cap sector in general going forward. I see low downside risk of 10-15% but upside of 100-200% in the next 9-15 months (or less). I'm going to write up a report on this company as it's a big opportunity for us to sock this one away at current prices. ORIGINAL: Phenom Reports Dobbin Gold Footprint Grows, Nevada 2024-10-09 08:16 CT - News Release October 9, 2024) - is pleased to announce this recent round of soil results from sampling, the objective of which has been to expand the length of the strong northeast-trending Dobbin soil anomaly initially reported September 4, 2024. Dobbin Gold Project lies 80 kilometers (49 miles) southwest of Eureka in central Nevada. New soil sampling results extend the gold anomaly from 900 meters (3,000 ft) to 1.3 kilometers (4,300 ft) in length (see Figure 1). A large number of gold values in the anomaly assay between >0.1 g/t Au up to 2.73 g/t Au (approx. 0.09oz/ton). The system footprint may be larger still. Prospecting and mapping have identified a 600 meter (2,000 ft) long by 200 meter (650 ft) wide trend of similar alteration (significant veining and jasperoid) which is interpreted to be a faulted off south-western extension of the gold anomaly (see Figure 1). Soil sampling has been completed over this new segment. Assays are anticipated in 2 weeks' time. 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:
https://images.newsfilecorp.com/files/3372/226085_5a2aa258144aca37_002full.jpg The anomalous gold zone and SW extension represented in Figure 1 are 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. Dave Mathewson, Director and Geological Advisor of the Company, states, "The size and strength of this surface gold soil anomaly when it was just 900 meters long is rarely found in Nevada. Now it is longer, as determined by the new results and may yet be additionally extended. Anomalies of this character and magnitude where previously found have led to significant gold discoveries and ultimately even producing gold deposits. There has, to date, been no drilling in these areas. 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." Phenom submitted the samples with QAQC standards to ALS Minerals 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 in Figure 1 is coincident with structures mapped in the field and air-photo interpretations. Mapping and sampling also indicate the widespread presence of Carlin-type system alteration assemblage of jasperoid and decalcification. Geologic mapping and sampling are ongoing on the project. In addition, Phenom added more claims in September to increase the size of the Dobbin Property. |