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  • Phenom Resources (PHNM) released drill results from this year’s first hole drilled into the gold system under the vanadium resource on its Carlin Gold-Vanadium Project
  • The attributes of RC22-15 indicate the gold-bearing hydrothermal system hosted by Devonian Rodeo Creek and Popovich Formations is strengthening to the south near the north-south large-displacement graben fault
  • Hole RC22-15 is the team’s best-looking hole drilled to date
  • The company’s property position covers a 4.8-kilometre strike length of the graben fault. Only 600m of this strike length has been tested
  • Phenom Resources Corp. (PHNM) is engaged in the exploration of gold, copper, and vanadium projects
  • Phenom Resources (PHNM) is up 1.2 percent, trading at $0.42 at 12:50 pm ET

Phenom Resources (PHNM) released drill results from this year’s first hole drilled into the gold system under the vanadium resource on its Carlin Gold-Vanadium Project.

The project is located in Nevada.

The attributes of hole RC22-15 indicate the gold-bearing hydrothermal system hosted by Devonian Rodeo Creek and Popovich Formations is strengthening to the south in close proximity to the north-south large-displacement graben fault.

The Vancouver-based company’s geological consultant, Dave Mathewson stated that Hole RC22-15 is the team’s best-looking hole drilled to date in many respects.

“The alteration – brecciation, silicification, and sulfides, are notably strongest yet. The pathfinder elements, typically associated with gold, are the highest we have encountered and comparable to those in proximity to gold deposits elsewhere on the Carlin trend. This is a very important guide in our efforts. Virtually the entire hole is mineralized with very low gold. This indicates a stronger part of the hydrothermal system with gold infiltration into the entire stratigraphy and, in particular, into the favourable Popovich stratigraphy. And the Popovich stratigraphy was also found 150 metres (500′) shallower than in RC20-01 and RC21-13.”

The company’s property position covers a 4.8-kilometre strike-length of the graben fault. Only 600 metres of this strike-length has been tested to date.

Phenom Resources Corp. (PHNM) is engaged in the exploration of gold, copper, and vanadium projects.

Phenom Resources is up 1.2 percent, trading at $0.42 at 12:50 pm ET.

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