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Canadian Project Discovers Multiple Gold-Silver Veins & New Style High-Grade Mineralization

Stockhouse Editorial
0 Comments| May 10, 2022

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(Results of recent drilling at Abriaqui (holes 021, 022). Gold assays taken from inclined drill holes projected vertically to the surface. Newly defined “Central Vein Zone” includes the structural block south of the Cascada Fault. Newly recognized gold mineralization in actinolite-albite veins shown in P019. Image via FenixOro Gold Corp. Click to enlarge.)

A Canadian company focused on acquiring and exploring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia, just released significant news about its flagship property, the Abriaqui project.

Located 15 km west of Continental Gold's Buritica project in Antioquia State, the project can be found at the northern end of the Mid-Cauca gold belt.

FenixOro Gold Corp. (CSE: FENX, Forum) released the first drill results from its southern vein zone this week, which confirm the discovery of multiple veins that significantly impact management’s expectations of the project’s global resource potential. Continued positive results from the Central Zone are also reported along with a newly discovered style of gold mineralization which is more typical of porphyry gold systems.

Highlights:

  • Drilling from the first holes in the Southern Vein Zone confirm the presence of mineralization at grades that will impact management’s expectations for the resource potential of the project. The Southern Block Holes 017, 020 and 023 each intersected 7-10 veins with several assays more than 10 g/t gold. Silver to gold ratios are significantly higher than in other parts of the property.
  • Resource potential in the newly defined Central Vein Zone continues to increase with intersections of 1.25 metre @ 23.55 g/t gold and 2.40m @ 5.69 g/t gold in hole 021.
  • Re-logging of hole 019 in the central zone verified the presence of visible gold associated with actinolite-albite veinlets. This veinlet type is more commonly associated with porphyry gold systems and is rarely mineralized at the grade sampled at Abriaqui (13.7 g/t).

Speaking on this news in a media release, the company’s VP Exploration, Stuart Moller commented, that these results make clear that the resource potential at Abriaqui continues to expand in both the Central Zone and the important Southern Zone.

“Many of our high priority targets remain to be drilled in the south and the outlook for the growth of the project remains extremely promising.”

Since 2020, a total of 11,663 metres have been drilled in 25 holes and three main areas totaling well over 100 gold-bearing veins have been delineated. Most work has been done in the block north of the Cascada Fault where two prominent families of sub-vertical veins have been drilled on approximately 200 metre spacing along strike.


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