FenixOro Discovers Multiple Wide Mineralized Zones up to 20 Meters in Width at Abriaqui

TORONTO, Jan. 25, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF, Frankfurt:8FD) is pleased to announce the discovery of six wider zones of mineralization on four different veins in the northern block of the Abriaqui gold project. The discoveries result from infill sampling of earlier drill core and ongoing in-mine channel sampling

• These wide zones have the characteristics to “Buritica style” mineralization, high grade centers surrounded by wider zones of lower grade mineralization, found at the nearby Buritica mine owned by Zijin Mining (acquired from Continental Gold)
  
  
• Six intersections on the Santa Teresa, Romperopa 1, Footwall and Baul vein thicknesses range from 7.7 to 20.1 meters and gold grades range from 2.2 g/t gold to 8.5 g/t gold.
  
  
• The two intersections on the Romperopa 1 vein define a block of a minimum 70 meters along strike with a minimum 200 meter vertical interval which is open upward and at depth.
  
  
• All of the thicker zones are developed in the relatively competent diorite host rock indicating potentially favorable conditions for future bulk underground mining.
  

FenixOro VP Exploration Stuart Moller noted, “From the start of the program, one of the objectives at Abriaqui has been to identify “Buritica style” mineralization – high grade gold in the cores of the veins surrounded by thicker zones of lower grade mineralization. An ongoing program of in-mine channel and infill core sampling now shows that there are coherent blocks of this style of mineralization on several veins which are likely to increase in size with more infill drilling. These wider zones tend to reduce the overall gold grade, however in similar deposits this is typically more than offset by additional tonnage and ounces, resulting in the potential for significantly reduced mining costs in wider stopes. Given the similar geology and structural setting throughout the property, we believe that as exploration continues, it is highly likely that more of these wider zones will be discovered”

A program of channel sampling in the small mines at Abriaqui in mid-2021 provided an interval of 11.4m @ 6.08 g/t gold from a crosscut on the Santa Teresa vein system (see press release dated August 5, 2021). The interval consisted of several veins each less than one meter in width separated by variably developed zones of gold-bearing veinlets. Subsequent channel sampling and infill sampling from earlier drill holes have defined additional wider zones of mineralization on four veins. Table 1 lists six zones which average 11.9 m in thickness @ 3.77 g/t gold. Figure 1 shows the zones in map view and Figure 2 shows many of them in cross section.   Figure 2 also shows the originally reported widths and grades along with the new zones expanded by the infill sampling results.