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FenixOro Discovers New Zone With Multiple High Grade Veins, Intercepts 124.5 g/t Gold - Seite 4

Nachrichtenquelle: globenewswire
24.02.2021, 15:00  |  282   |   |   

FenixOro’s VP of Exploration, Stuart Moller, led the discovery team at Buritica for Continental Gold in 2007-2011. At the time of its latest report, the Buritica Mine contains measured plus indicated resources of 5.32 million ounces of gold (16.02 Mt grading 10.32 g/t) plus a 6.02 million ounce inferred resource (21.87 Mt grading 8.56 g/t) for a total of 11.34 million ounces of gold resources. Buritica began formal production in November 2020 and has expected annual average production of 250,000 ounces at an all-in sustaining cost of approximately US$600 per ounce. Resources, cost and production data are taken from Continental Gold’s “NI 43-101 Buritica Mineral Resource 2019-01, Antioquia, Colombia, 18 March, 2019”). Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.

FenixOro Gold Corp

350 Bay St. Suite 700
Toronto, ON
Telephone: 1-833-ORO-GOLD

John Carlesso, CEO
Email: info@FenixOro.com
Website: www.FenixOro.com


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FenixOro Discovers New Zone With Multiple High Grade Veins, Intercepts 124.5 g/t Gold - Seite 4 TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) - FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF, Frankfurt:8FD) is pleased to announce drill results from holes P005 and P006 from its recently completed 4029 meter Phase 1 diamond drilling program at the …

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