- Phenom Resources Corp. (PHNM) has announced drill results from RC22-016, the second deep hole drilling in 2022 on its Carlin Gold-Vanadium Project
- RC22-16 is the first hole in the system to date to have 155m (510′) of massive Popovich limestone
- The entire limestone section is intensely dolomite and silicified altered
- Phenom has a 100 per cent interest in the Carlin Vanadium Gold Project, located in Elko County, Nevada
- Phenom Resources Corp. (PHNM) opened trading at C$0.415
Phenom Resources Corp. (PHNM) has announced drill results from RC22-016, the second deep hole drilling in 2022 on its Carlin Gold-Vanadium Project, Nevada.
Highlights of RC22-16:
- The first hole in the system to date to have 155m (510′) of massive Popovich limestone starting at a depth of 512m (1680′) to the hole bottom
- The entire limestone section is intensely dolomite and silicified altered – more than any other hole we have drilled
- The entire limestone section is strongly multi-stage brecciated with quartz and pyrite veining – more than any other hole we have drilled
- Multiple felsic intrusives, possible dacite, are present just beneath Woodruff Formation within the top of the underlying breccia of probable collapse origin. Felsic intrusives are integral elements present in Carlin gold deposits
- A continuous intercept of elevated gold within the limestone of 300′ grading 80 ppb Au from 1780-2080′, including 45′ of 112 ppb Au and 90′ of 110 ppb Au
- Southern stepping vector strategy is working – significant rapid lateral changes can be seen between RC22-15 and RC22-16, suggesting closer proximity to a feeder
According to Mr. Mathewson, geological consultant to the company, “I am impressed with the presence and look of this intensely altered, brecciated and mineralized limestone section in RC22-16. It reminds me of other places on the Carlin trend I have observed and explored. This is very compelling.
“Around RC22-16 and to the south is a very favourable geological setting with the convergence of two major faults, the N/S Graben fault and the NW fault, both of which appear to be long-lived, multistage, potential feeder-zone structures. Both fault orientations are typical of controlling faults to Carlin-type gold deposits. The highest priority area to drill test has narrowed but remains quite voluminous. The main area is 1.5 km long and 200-500m wide shown in Figure 1. This area remains untested; holes RC20-02, 3, 4 and 7, early in our efforts, all fell short of the target depth by at least 800′, yet all showed clear signs of strong dolomite alteration. A second high-priority target area 1.2 km further south of RC22-16 south is 275m x 275m. High-grade feeder zones in Carlin systems can be in the order of 150-200m x 150-200m in size and are very attractive targets. These feeder zones in Carlin deposits were and are the real profit centers for these big low-grade open pits.”
Phenom has a 100 per cent interest in the Carlin Vanadium Gold Project, located in Elko County, Nevada. The Carlin Vanadium Gold Project also hosts the Carlin Vanadium deposit. Phenom also has an option from Dave Mathewson to earn a 100 per cent interest in the SMOKE Property located in the Independence-Eureka trend of Nevada.
Phenom Resources Corp. (PHNM) opened trading at C$0.415.