FenixOro Discovers Multiple Wide Mineralized Zones up to 20 Meters in Width at Abriaqui - Seite 2

Three of the intervals occur in the same area at depth on the Romperopa 1 and Footwall vein sequences. Two intercepts on Romperopa 1 define a block of >75 meters in length and a minimum 200 vertical meters (open up and down) which averages 15 meters in width. The Footwall vein intercept is open at depth and the near surface intercept on Santa Teresa is open in both directions along strike.

All of the areas of wider mineralization in Table 1 are hosted by the diorite rock which is significantly more competent and less fractured than the sedimentary sequence. No specific mining-related studies have been completed however the available data on rock quality (core recovery and RQD - a measure of rock fracturing) indicate that the zones may be candidates for future bulk underground mining techniques. Unit mining costs for these techniques tend to be substantially lower than those for thinner veins.

Table 1. Wider mineralized zones discovered to date at Abriaqui.
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Figure 1. The wider mineralized zones in plan view.
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Figure 2. Cross section through holes P001 and P012 showing vertical setting of the wider mineralized zones.
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About FenixOro Gold Corp.

FenixOro Gold Corp is a Canadian company focused on acquiring and exploring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia. FenixOro's flagship property, the Abriaqui project, is the closest project to Continental Gold's Buritica project. It is located 15 km to the west in Antioquia State at the northern end of the Mid-Cauca gold belt, a geological trend which has seen multiple large gold discoveries in the past 10 years including Buritica and Anglo Gold's Nuevo Chaquiro and La Colosa. As documented in "NI 43-101 Technical Report on the Abriaqui project Antioquia State, Colombia" (December 5, 2019), the geological characteristics of Abriaqui and Buritica are similar. Since the preparation of this report a Phase 1 drilling program has been completed at Abriaqui resulting in a significant discovery of a high grade, “Buritica style” gold deposit. A Phase 2 drilling program has recently commenced.