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TORONTO, April 20, 2022 (GLOBE NEWSWIRE) — FenixOro Gold Corp (CSE:FENXOTCQB:FDVXFFrankfurt:8FD)) is pleased to provide an update on its Phase 2 exploration program at the Abriaqui project in Antioquia, Colombia.
Results include the highest gold grades ever sampled on the project and the discovery of a new resource block in the emerging Central Zone. In management’s view these developments are significant and underscore that we are still in the early stages of fully understanding the project’s ultimate potential as new zones, and extensions of existing zones of mineralization, continue to be discovered.
FenixOro VP Exploration Stuart Moller commented “Recent drilling has concentrated on two previously undrilled vein systems in the central and southern parts of the property. The results reported today are significant as the Central Vein Zone has not, to date, contributed to the overall potential resource calculation of the project (see Press Releases dated March 19 and September 28, 2021) however we expect that this will soon change.
The presence of high grade gold has always been known at Abriaqui but the 425 g/t assay highlights an important fact: throughout the life of a project and in a production scenario, shoots of very high grade ore on several different veins can positively impact overall overall profitability even if tonnages are not high. Highlights include:
- New mine channel sampling results include 2.16 meters @ 21.01 g/t gold on the Romperopa group of veins and 0.56 m @ 64.04 g/t gold including the single highest assay yet received project-wide, 425 g/t gold. Sampling remains open into the mine walls.
- An intersection of 1.0 meters @ 13.60 g/t gold in P019 in the Central Vein Zone is correlated with the Santa Teresa Vein and extends that structure 280 meters to the southeast across the Cascada Fault. The known strike length of potentially ore grade mineralization on Santa Teresa is now a minimum 1000 meters and is open in both directions. The fact that Santa Teresa continues south of the fault indicates that the entire family of northwest-trending veins including Orquidea and Romperopa have expanded potential in the area.
- A total of 11,240 meters have been drilled at Abriaqui through March, 2021. Results are presented for holes P016 and P018-019 in the northern and central vein zones. Drilling continues in the southeastern vein zone.
Current Drilling
Results from Hole P019 and visual review from Hole P021 indicate that the Santa Teresa Vein system crosses the Cascada Fault and continues to the southeast. This gives Santa Teresa a minimum 1000 meters of mineralized strike extent and will impact our resource block modelling. Drilling in the southern block is well underway with cores delivered to the assay lab. Visually, there appears to be a significant copper component to the mineralization and results will be reported when all Au-Ag-Cu numbers are on hand.”
Recent drilling has concentrated on the Central and Southern vein zones with new assays being received from P016 in the north, P018-019 in the Central zone, and several areas of mine channel samples (Figure 1 and Table 1). P016 tested the east- west of veins in the northern part of the property between earlier holes P003, P006 and P008 (Figure 1). The trend consists of numerous subparallel veins one of which “Campo Abierto” stands out with high grade intercepts in mine channels (0.56m @ 64.04 g/t Au), 3.65m @ 5.40 g/t in P006, and an interval of mined out stopes in P006.
P019 in the Central vein zone discovered some previously unexplored …
Full story available on Benzinga.com
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