TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Phenom Resources Corp ( (TSE:PHNM) ) has provided an announcement.
Phenom Resources Corp. has reported promising results from its first gold assays from chip sampling at the Dobbin Gold Project. The sampling revealed consistently strong gold values typical of a Carlin gold system, with notable high-grade intervals. This development enhances the company’s confidence in the potential of the large gold soil anomaly, providing valuable data as they await drilling permits. The results suggest significant implications for Phenom’s exploration strategy and potential value for stakeholders.
More about Phenom Resources Corp
Phenom Resources Corp. is a company with a 100% interest in the Carlin Gold-Vanadium Project located in Elko County, Nevada. The project is situated within the Carlin Gold Trend, known for its prolific gold deposits. The company also holds options on three additional gold projects in Nevada, focusing on Carlin Gold-type and Bonanza-type high-grade gold vein targets.
Average Trading Volume: 47,849
Technical Sentiment Signal: Sell
Current Market Cap: C$25.47M
Learn more about PHNM stock on TipRanks’ Stock Analysis page.