FenixOro Announces Startup of Phase 2 Drill Program at Abriaqui
TORONTO, April 26, 2021 (GLOBE NEWSWIRE) -- FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF, Frankfurt:8FD) is pleased to announce that mobilization has commenced for the startup of the
Phase 2 drilling program at the Abriaqui gold project in Antioquia, Colombia.
- Following a very successful Phase 1 program (see dated Press Release March 17, 2021) the planned minimum 4000m Phase 2 drilling will primarily
focus on building upon the discoveries along the Northwest Vein Corridor (NWC). This corridor represents the most immediate opportunity to both increase the potential resource blocks that have been
developing and to convert potential to resource categories.
- Holes are also planned to better understand significant intercepts from Phase 1 that have not been included in any potential resource model calculations. Several
significant intercepts including 7.7 meters @ 8.6 g/t gold in hole P006, were not included in the March 17, 2021 model exercise and the Company is eager to add these to its model.
- At least one deep hole will focus on delineating depth potential for additional resources on all veins below the 1500 meter elevation. The model indicates that the
mesothermal veins continue beyond the deepest intercept from Phase 1 drilling. Increasing the depth of known mineralization will have a significant impact on the resource model calculation
- Drill holes are also planned for the highly prospective southern block around the area that hosts the highest grade mine sample found to date (146 g/t gold), a
significant magnetic anomaly, and a large area of soil sampling that returned significant gold values. To date, the soil sampling program has been an extremely accurate leading indicator for
finding additional, previously unknown vein structures during drilling.
FenixOro CEO John Carlesso commented: “Our entire exploration team is very pleased to be starting the Phase 2 drilling campaign. Phase 1 verified a significant gold discovery at Abriaqui and we hold high expectations that Phase 2 will build on this success. We have identified priority targets that we anticipate will demonstrate further potential for growth of our resource model, both by expanding existing blocks and drilling previously untested areas. This will be a very active and important phase in the growth and development of FenixOro.”