Phenom Extends Dobbin Gold System to 2.1+ Kilometres Long
Phenom Extends Dobbin Gold System to 2.1+ Kilometres Long
January 15, 2025 - Vancouver, British Columbia – Phenom Resources Corp. (TSX-V: PHNM) (OTCQX ®:
PHNMF) (FSE: 1PY 0) (“Phenom” or the “ Company”) is pleased to announce that new soil sampling results,
with previously reported soil results , and geologic mapping together have further defined a mineral system
characteristic of a Carlin-type gold deposit. The system anomaly is now at least 2.1 kilometres long (1.3 miles)
and 200 meters (660 feet) or more, wide.
Dave Mathewson, Company director and Geological advisor states, “This is a sizable significant Carlin-style
gold system that has potential of multiple associated gold deposits and in my view represents one of the best
undrilled gold prospects in Nevada, if not the best.”
The recently completed soil sampling program focused on a 600m x 200m (19 80 ft x 6 60 ft) area with the
objective of extending the length of gold system to the southwest from previous sampling. The new soil and
mapping results successfully demonstrated continuity of the gold system for an impressive +2.1 km long and
the “strength and quality of system” by virtue of the strength of values and persistent distribution of gold and
associated pathfinder elements. Highlights of the entire system to date follow.
Arsenic and zinc are the strongest continuous pathfinder elements along the entire 2.1km trend as seen in
Figures 1 and 2 , accompanied by more localized anomalous values of mercury, antimony and thallium. This
assemblage of gold with pathfinder elements is indicative of Carlin gold systems. Within and along the 2.1km
trend are four sizeable higher concentrated arsenic-zinc zones or plumes. It is important to note that arsenic
is the single most important associated pathfinder to gold in prolific Carlin-type gold systems.
Robust gold values in soils persist for 1.3km along the trend suggesting strong gold-bearing parts of the system
are at surface in this area (see Figure 3). Further to the southwest for 800m, gold is still present in lower but
important values as two linears, expressing leakage from below and along the outer edges of the 200m wide
system. Elevated arsenic-zinc zones usually form a wider halo around gold cores, which in this segment of the
system suggests stronger gold mineralization to be present at depth. Phenom plans additional mapping and
rock chip sampling to further refine the structural and stratigraphic setting.
Our geological and structural understanding of the system has also been improve d significantly over the
months of detailed surface mapping and prospecting. The anomaly and gold system is within and associated
with altered lower to middle Roberts Mountains Formation, important host s for many Carlin-type gold
deposits in central and northern Nevada . Typical Carlin-type alteration assemblages such as jasperoid and
decalcification are present . Decalcified and silicified float has returned gold assays up to 1.29 g/t Au. The
anomalous gold zone is likely controlled by high-angle northeast-southwest trending structures cutting folded
to gently dipping Roberts Mountains Formation carbonates . Subparallel-oriented argillized intrusive d yke
swarms are present from subcroppings and from chromium anomalies in soil within and along the northeast
trending system. Dykes are commonly important ore controls in Carlin-type systems.
Dave Mathewson, continues, “There are further commentaries for readers to appreciate the magnitude of the
Dobbin opportunity. What has been described and seen with these figures and results is very substantial, yet
only the two-dimensional look at a big system. The 3rd dimensional context adds real insight and potential size.
Multiple favourable stratigraphic host rocks are present at surface and at depth on the property such as the
middle and lower Roberts Mountains Formation (more than 200 m (660 ’) thick in this area) and Antelope
Formation (known to be up to 418m (1373’) thick in the Monitor Range and a major host in the Eureka Mining
District to the north). Where the subvertical feeder structures feed this gold system and cut these specific rock
formations, gold can be deposited as multiple brecciated and stacked mineralized zones at various depths,
somewhat reminiscent of tree branches off a tree truck. And since the stratigraphy on the property is shallow
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dipping, gold tends to spread outward flanking from the structure along the favourable shallow dipping
stratigraphy. In additional, all Carlin-type gold deposits have high-grade cores that can have dramatic positive
economic impacts. This gold system would be no exception. A cross-sectional gold target model showing these
potential sizable depth opportunities will be available on the Company website.”
Figure 1: Dobbin Arsenic Soil Anomaly defined by 25m x 25m detailed soil grid sampling
Figure 2: Dobbin Zinc Soil Anomaly defined by 25m x 25m detailed soil grid sampling
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Figure 3: Dobbin Gold Soil Anomaly defined by 25m x 25m detailed soil grid sampling
Phenom is permitting a comprehensive trenching and drilling campaign to explore the anomalous zone.
ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley"
CEO & President
(604) 340-7711 [email protected] www.phenomresources.com
Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, Director and
Geological Consultant of the Company and a Qualified Person as defined by National Instrument 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within
the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements
relating to the future operations and activities of Phenom, are forward-looking statements. Forward-looking statements are frequently, but not always,
identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements
that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. Forward -looking statements in this news release relate to,
among other things, the Company’s exploration plans, including ongoing mapping and sampling, future assay results and the impact thereof. There can
be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in
such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a
number of assumptions and estimates that, while considered reasonable b y Phenom, are inherently subject to significant business, economic,
competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual r esults, performance or
achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking
statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance
on the forward-looking statements and information contained in this news release concerning these items. Phenom does not assume any obligation to
update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities
laws.