On September 25, 2024, Phenom Resources Corp. announced the commencement of an initial drilling campaign on its Crescent Valley Gold Project. The company has secured permits and drill contractors for a mid-October start following positive results from an IP geophysical survey conducted in August. Located strategically within the Northern Nevada Rift, the Crescent Valley Gold Project is a high-grade, bonanza-vein gold prospect.
According to Dave Mathewson, Director and Geological Advisor to the Company, the Crescent Valley Project represents the largest quartz vein system in Nevada. With similarities to the SLEEPER deposit in Humboldt County, Nevada, the project offers a low-sulphidation bonanza-vein epithermal gold opportunity.
The Crescent Valley Gold Project, situated southwest of Carlin, Nevada, spans a 4-kilometer strike-length along the western margin of the northern Cortez Range. The vein system features multi-event, silica-healed hydrothermal breccias, showcasing minor repetitive banding and coarsely-bladed calcite.
Phenom Resources Corp. holds a 100% interest in the Carlin Gold-Vanadium Project in Elko County, Nevada, which is located near the Carlin Vanadium deposit. The Company also has options on three gold projects in Nevada, including the King Solomon, Dobbin, and Crescent Valley Properties.
This news release has been reviewed and approved by Dave Mathewson, a Qualified Person as defined by National Instrument 43-101. Forward-looking statements in this release involve known and unknown risks and uncertainties that may cause actual results to differ from those expressed or implied. The Company disclaims any obligation to update or revise forward-looking statements. For more information, please visit the original source of this press release.
