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Phenom Resources Corp ( (TSE:PHNM) ) has provided an update.
Phenom Resources Corp has identified a new oxidized and altered zone at its Dobbin Gold Project in Nevada, which could indicate a larger gold system and greater opportunities for exploration. Preliminary findings show promising geochemical pathfinders typical of Carlin-type gold systems, with additional sampling and mapping planned to further evaluate the zone. The company also reported positive gold assay results from chip sampling in the main gold soil anomaly, suggesting continuity and potential for further exploration and development.
More about Phenom Resources Corp
Phenom Resources Corp is a company operating in the mining industry, focusing on the exploration and development of gold resources. The company’s primary market focus is on identifying and developing gold deposits, particularly in regions known for Carlin-type gold systems.
Average Trading Volume: 51,240
Technical Sentiment Signal: Sell
Current Market Cap: C$25.47M
See more insights into PHNM stock on TipRanks’ Stock Analysis page.