- Phenom Resources (TSXV:PHNM) has reported early results from reverse circulation drill hole RC23-17 at its Carlin Project in Nevada
- The hole encountered a near-surface mineralized vanadium zone while the intercept is now from the southernmost drill hole through the vanadium deposit
- The deposit still remains open southward, westward and northwestward for further expansion
- Shares of Phenom Resources are unchanged at C$0.29
Phenom Resources (TSXV:PHNM) has reported early results from reverse circulation drill hole RC23-17 at its Carlin Project in Nevada.
In a news release, the Vancouver-based company said the hole encountered a near-surface mineralized vanadium zone in the upper section and is from the southernmost drill hole through the vanadium deposit.
According to Phenom Resources, the intercept resulted in extending the deposit an additional 85 metres, while the vanadium deposit remains open southward, westward and northwestward for further expansion.
Hole RC23-17, the near vertical hole, encountered the 19.8 metres (65 feet) vanadium unit starting at 73.15 metres.
The company said laboratory results will be available in November.
Additionally, Phenom Resources’ field crews are conducting mapping and sampling efforts at its recently acquired Dobbin gold property in Nevada.
Phenom Resources has 100 per cent interest in the Carlin Gold-Vanadium Project in Elko County, which is host to the Carlin Vanadium deposit, North America’s largest high-grade primary vanadium resource.
Shares of Phenom Resources are unchanged at C$0.29.
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