Phenom Engages Energold for Dobbin Drilling
Phenom Resources Corp. (TSX-V: PHNM) (OTCQX®: PHNMF) (FSE: 1PY0) (“Phenom” or the “Company”) is pleased to announce that with progressive and significant advancements with the Forest Service on drill permitting at Dobbin and foreseeing its imminent granting, the Company has signed a drill contract with Energold Drilling USA/ Bertram Drilling Inc. (Energold).
The drill contract allows for up to 14 core holes, each a depth of 1200’ (365 metres) for a maximum drill campaign of 16,800 feet (5,120 metres). Last week Company geological crews met with Energold supervisory personnel and road and drill pad construction personnel at the Dobbin project site to walk the flagged route and drill pads and fine tune project logistical aspects to ensure the right people, equipment and supplies are lined up and ready to go once the Forest Service permit has been issued. In addition, the permit will allow for 12 long mechanical trenches for a total linear length of 5,470’ (1670 metres) to crosscut and expose surficial mineralization.
Energold Drilling is a global drilling provider delivering contract drilling solutions to the mining, infrastructure and water sectors throughout the Americas, Europe, Middle East and Africa. Energold's expertise in low-impact drilling solutions supports mineral exploration in challenging locations with minimal environmental disturbance and lower required investment in project infrastructure.
At Dobbin, Phenom has identified a strong 2.1 kilometres long (1.3 miles) and 200 meters (660 feet) wide gold in soils anomaly with a large number of values between 0.1 g/t Au up to 2.73 g/t Au (approx. 0.09oz/ton). The northeast linear gold anomaly reflects a northeast trending structure presumed to be subvertical cutting through gently dipping Roberts Mountains Formation carbonates, an important host for many Carlin-type gold deposits in central and northern Nevada. Incidentally, northeast structural trends are a very commonly occurring component to Carlin-type gold deposits in Nevada.
"This is a sizable significant Carlin-style gold system that has potential for multiple associated gold deposits and in my view represents one of the best undrilled gold prospects in Nevada, if not the best."
— Dave Mathewson, Company director and Geological advisor
"We are very comfortable and happy to engage Energold who are ideal for Dobbin’s maiden drill campaign. The long-awaited permit to drill is in sight and appropriate measures are now being taken. We are very excited to be nearing this stage and finally be able to drill this large, impressive, high-quality Carlin-type gold target."
— Paul Cowley, Company President and CEO
About Phenom Resources Corp.
Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America’s largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom property (5-15km). The Company has options on three gold projects in Nevada, the King Solomon and Dobbin Properties which are Carlin Gold-type targets and the Crescent Valley Property.
ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley"
CEO & President
Ph: (604) 340-7711
pcowley@phenomresources.com
www.phenomresources.com
