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Phenom Resources Corp ( (TSE:PHNM) ) has issued an announcement.
Phenom Resources Corp announced its drilling results and plans to resume exploration at the Crescent Valley Gold Project in Nevada. Despite encountering challenges with the first drill hole, which did not yield significant gold mineralization, the company remains optimistic about the project’s potential. The Crescent Valley site offers two promising opportunities: low sulfidation, bonanza-vein-type gold deposits and an Iron Oxide Copper Gold (IOCG) opportunity with rare earth elements. Phenom plans to continue drilling to explore these opportunities, which could enhance its industry positioning and offer valuable resources for stakeholders.
More about Phenom Resources Corp
Phenom Resources Corp is a company with a 100% interest in the Carlin Gold-Vanadium Project in Elko County, Nevada. The project is located within the prolific Carlin Gold Trend, known for its significant gold deposits. Phenom also holds options on three gold projects in Nevada, including the Crescent Valley Property, which is a focus for gold and rare earth element exploration.
Average Trading Volume: 49,996
Technical Sentiment Signal: Sell
Current Market Cap: C$26.6M
For a thorough assessment of PHNM stock, go to TipRanks’ Stock Analysis page.