Phenom Reports Dobbin Gold Footprint Grows, Nevada
Phenom Reports Dobbin Gold Footprint Grows, Nevada
October 9, 2024 - Vancouver, British Columbia – Phenom Resources Corp. (TSX-V: PHNM) (OTCQX®: PHNMF)
(FSE: 1PY 0) ( “Phenom” or the “ Company”) is pleased to announce this recent round of soil results from
sampling, the objective of which has been to expand the length of the strong northeast-trending Dobbin soil
anomaly initially reported September 4, 2024. Dobbin Gold Project lies 80 kilometres (49 miles) southwest of
Eureka in central Nevada. New soil sampling results extend t he gold anomaly from 900 metres (3,000 ft) to
1.3 kilometres (4,300 ft) in length (see Figure 1). A large number of gold values in the anomaly assay between
>0.1 g/t Au up to 2.73 g/t Au (approx. 0.09oz/ton). The system footprint may be larger still.
Prospecting and mapping have identified a 600 metre (2,000 ft) long by 200 metre (650 ft) wide trend of similar
alteration (significant veining and jasperoid) which is interpreted to be a faulted off south-western extension
of the gold anomaly ( see Figure 1) . Soil sampling has been completed o ver this new segment . Assays are
anticipated in 2 weeks’ time.
Figure 1: Dobbin Gold Soil Anomaly defined by 25m x 25m detailed soil grid sampling
The anomalous gold zone and SW extension represented in Figure 1 are interpreted to be controlled by
northeast-trending structures 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.
Dave Mathewson, Director and Geological Advisor of the Company , states, “The size and strength of this
surface gold soil anomaly when it was just 900 metres long is rarely found in Nevada . Now it is longer , as
determined by the new results and may yet be additionally extended . Anomalies of this character and
magnitude where previously found have led to significant gold discoveries and ultimately even producing gold
deposits. There has, to date, been no drilling in these areas. These geochemical levels of gold and associated
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pathfinder elements within these permissive Roberts M ountains Formation carbonates strongly suggest the
presence of a significant disseminated, carbonate-hosted Carlin-style gold deposit.”
Phenom submitted the samples with QAQC standards to ALS Minerals for gold fire assay and ICP trace element
analyses. The samples assayed up to 2.73 g/t gold along with strong Carlin-type pathfinder element values in
arsenic, antimony and mercury. The northeast trending soil anomaly in Figure 1 is coincident with structures
mapped in the field and air -photo interpretation s. Mapping and sampling also indicate the widespread
presence of Carlin-type system alteration assemblage of jasperoid and decalcification. Geologic mapping and
sampling are ongoing on the project.
In addition, Phenom added more claims in September to increase the size of the Dobbin Property.
About Phenom Resources Corp.
Phenom has 100% interest in the Carlin Gold-Vanadium Project, located six miles south from the town of
Carlin, Nevada, and Highway I-80 in Elko County, 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 nine million ounces comprised of multiple gold deposits, including past producing mines, are
present near (5-15km) the Phenom property. 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 Vally Property, a
Bonanza high grade gold vein-type target.
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. Such factors include, without limitation,
risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Co mpany will encounter
unanticipated geological factors, risks associated with the interpretation of exploration results, the po ssibility that the Company may not be able to
secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be
able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere
with the Company's business and prospects. 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.