New Risk • Aug 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (46% average weekly change). Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$9.75m market cap, or US$7.30m). Minor Risks Latest financial reports are more than 6 months old (reported November 2022 fiscal period end). Shareholders have been diluted in the past year (12% increase in shares outstanding). Annuncio • Jun 29
FenixOro Gold Corp. Announces Chief Financial Officer Changes FenixOro Gold Corp. announced that Jing Peng has resigned from his duties as Chief Financial Officer. The Company anticipates announcing the new CFO shortly. Until such time, Mr. John Carlesso, current Chief Executive Officer of the Company, will act as the Company's interim Chief Financial Officer. Annuncio • Dec 15
FenixOro Gold Corp. (CNSX:FENX) acquired Escondida Mine for $3 million. FenixOro Gold Corp. (CNSX:FENX) acquired Escondida Mine for $3 million on December 13, 2022. Consideration includes $0.15 million of initial payment and $2.85 million of additional payments over the next three years.FenixOro Gold Corp. (CNSX:FENX) completed the acquisition of Escondida Mine on December 13, 2022. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Keith Minty is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Jul 03
VP of Exploration & Director recently bought CA$54k worth of stock On the 30th of June, Stuart Moller bought around 300k shares on-market at roughly CA$0.18 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Annuncio • Jun 10
Fenixoro Gold Corp Announce the Discovery of the High Grade Gold-Silver Prospera Vein in the Southern Block of the Abriaqui Property FenixOro Gold Corp. announce the discovery of the high grade gold-silver Prospera Vein in the Southern Block of the Abriaqui property. With the higher grades of gold and silver ever recorded on the project, this is one of the most significant discoveries to date and it will be an important factor in the next phase of drilling. The newly sampled Prospera vein is located atop a ridge in the extreme southeast part of the property and is exposed underground along a continuous 100 meter mine working. The massive sulfide core of the vein was systematically sampled at 10 meter intervals and averages 39.2 g/t gold (1.26 oz/t) and 254 g/t silver(8.17 oz/t) with additional samples in the surrounding diorite wall rocks containing up to 2.3 g/t gold and 19 g/t silver. The vein does not crop out on surface but coincident strong topographic and magnetic anomalies, along with a gold-in-soil anomaly, increase the probable horizontal extent of the vein to 500 meters. The local terrain is extremely steep and the vertical relief along the 500m trend is over 300 meters. The mine sampled on Prospera is at the 2,725 meter elevation. This implies a minimum 1,500 meter vertical range of high grade gold mineralization at Abriaqui, from the top of the ridge to the deepest drill intercept. The high silver to gold ratio is typical of the veins in the southern license in the upper part of the geologic system. This immediately becomes the project’s most important new target area. At least two reconnaissance drill holes are planned from existing access areas to test the down-dip extension of the vein. Additional holes will be planned based on the results. There are no mine workings perpendicular to the vein so it is not clear how much of the wall rock is mineralized. Several samples of altered diorite adjacent to the vein are mineralized which indicates that there are areas of lower grade ore which could expand the average thickness. The steep topography provides an advantage in that drilling from the current drill pad locations 300 meters below the mine will allow a test of the deeper part of the vein without having to drill deep holes. The mine adit on the Prospera Vein is on a steep, densely vegetated slope near the top of the ridge at the 2,725m elevation. The vein does not outcrop and there are no other mine workings along strike. There are strong coincident E-W trending topographic and magnetic lineaments along the vein, as well as a gold-in-soil anomaly. This suggests that the vein continues an additional 300-400 meters to the west from the mine mouth. If so, the strike of the vein is a minimum 500 meters covering 300 vertical meters. Samples were taken on an average 10 meter spacing along strike and there is continuous mineralization along the vein. The vein is characterized by 30-80 centimeters of massive pyrite-pyrrhotite-arsenopyrite-chalcopyrite-sphalerite mineralization with local veinlet zones in altered diorite wall rocks. The massive part of the vein averages 0.50 meters in true width at average grades of 39.2 g/t gold and 254 g/t silver. High grade is consistent along strike with gold between 12 – 153 g/t and silver between 56 – 1138 g/t in all vein samples. The wall rock samples almost all contain 4-19 g/t silver with gold up to 2.3 g/t. Annuncio • May 10
FenixOro Discovers Multiple Gold-Silver Veins in the Southern Zone and a New Style of High Grade Mineralization in the Central Area FenixOro Gold Corp. announced first drill results from the southern vein zone which confirm the discovery of multiple veins that significantly impact management’s expectations of the project’s global resource potential. Continued positive results from the Central Zone are also reported along with a newly discovered style of gold mineralization which is more typical of porphyry gold systems. Drilling from the first holes in the Southern Vein Zone confirm the presence of mineralization at grades that will impact management’s expectations for the resource potential of the project. The Southern Block Holes 017, 020 and 023 each intersected 7-10 veins with several assays in excess of 10 g/t gold. Silver to gold ratios are significantly higher than in other parts of the property. Resource potential in the newly defined Central Vein Zone continues to increase with intersections of 1.25m @ 23.55 g/t gold and 2.40m @ 5.69 g/t gold in hole 021. Re-logging of hole 019 in the central zone verified the presence of visible gold associated with actinolite-albite veinlets. This veinlet type is more commonly associated with porphyry gold systems and is rarely mineralized at the grade sampled at Abriaqui (13.7 g/t). Infill drilling in the central vein zone clearly shows that it is an extension of the northern zone with little offset across the Cascada Fault. Grades and thicknesses are similar in both areas and the strike extent of the main family of veins has been extended to one kilometer. New drill data presented in this release include 1.25m @ 23.55 g/t Au and 2.40m @ 5.69 g/t Au in hole 021. An additional 15.5m intercept at 1.46 g/t, though probably sub-economic at the current gold price, is a further example of a thick veinlet zone as seen on three different veins north of the fault. Hole 022 was a short hole designed to confirm the orientation of the Cascada fault. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Keith Minty is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 21
FenixOro Gold Corp. Reports In-Mine Samples of 425 g/t Gold, Makes New Discovery of Central Zone Resource Block FenixOro Gold Corp. provided 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 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 are significant as the Central Vein Zone has not, to date, contributed to the overall potential resource calculation of the project however the company expects 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 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. P016 tested the east-west trend of veins in the northern part of the property between earlier holes P003, P006 and P008. 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 veins south of the Cascada Fault (eg., 1.4m @ 7.27 g/t Au) but more importantly, the southeastward extension of the Santa Teresa Vein was verified south of the fault. As shown on the longitudinal section the 1.0m @ 13.60 g/t Au intercept extends the known strike length of the vein to 1000 meters. Santa Teresa continuing south of the fault implies that the entire family of northwest trending veins including Orquidea and Romperopa should be open in that direction too. The resource potential estimates presented in the press releases of March 19 and September 28 of 2021 would be significantly enhanced with extensions of the northwest vein family south of the fault. Three holes have been drilled in the southeastern vein zone and as expected, numerous veins have been intersected. Silver vs. gold ratios are expected to be significantly higher than in the northern vein zone. Visually, copper is much more prevalent in the core and it is possible that mineralization from this area will have significant silver and copper credits. Results will be presented when all gold, silver, and copper assays have been received. Rainfall and Delays: Rainfall this season has been significantly heavier than normal and has slowed the pace of the program in recent weeks. A landslide occurred to the north of the project area which limited access for several days and caused drilling to stop. FenixOro employees have been assisting with the community work of repairing roads and powerlines and access is expected to be restored over the next several days. The Company continues to experience slow turnarounds for lab assay results however this is in-line with what the industry is currently experiencing globally. Core from holes drilled on the southern block will be assayed for copper and silver which could make turnaround slow as a result of the additional process. Annuncio • Feb 04
FenixOro Gold Corp Intersects 15 g/t Gold 300m Below Previous Deepest Intersection, Increases Known Vertical Range of Mineralization to Over 1500m, Still Open at Depth FenixOro Gold Corp. announced additional drill results including the deepest intersection of ore grade gold to date in the Abriaqui district. Hole P014 was drilled to a depth of 1008 meters and intersected 15.71 g/t Gold on the Orquidea vein at an elevation of 1245 meters. This intersection is 300 meters deeper than any previously known mineralization in the Abriaqui district. Mineralization remains open at depth on all veins intersected to date. This depth will significantly impact the resource potential modeling on all veins (see Press Releases March 29 and September 28, 2021). The minimum proven vertical range of mineralization on the Orquidea vein is now 1000 meters and the new intersection extends the total vertical range of high grade gold in the greater Abriaqui system of veins to 1500 meters. An intersection of 3.6m @ 7.26 g/t gold in P014 correlates with the Baul vein and the previously reported 7.7m @ 8.46 g/t in P006 (Press Release February 24, 2021). This correlation makes Baul the next formally modeled vein, significantly increasing tonnage estimates in the northern drill area. Phase 2 drilling has ended with a total of 8062 meters in 16 holes, all in the northwestern licenses of the Abriaqui property (Figure 1). Hole P013 tested the southern extension of the Northwest Vein corridor (NWC). It intersected the Cascada and Santa Teresa veins north of the Cascada Fault but the intersections south of the fault are not yet correlated. Significant results are shown in Table 1. P014 was designed as a deep test of the potential of the veins on the NWC. It was drilled to a depth of 1008 meters at an angle of -65 degrees from the horizontal. As with most deep holes, drilling was slow and difficult but most objectives were accomplished. The Santa Teresa and Orquidea veins were intersected but it appears that the hole ended just short of Romperopa 1. The deepest intersection of high grade gold, 0.55m @ 15.71 g/t on the Orquidea vein, was at an elevation of 1240 meters. This is the deepest hit to date in the Abriaqui district and it adds 300 meters to the known vertical interval of mineralization. The mineralogy and metal ratios are similar to those higher up in the same vein system indicating that there is no reason to believe that it is nearing the economic bottom of the system. The minimum vertical interval of potentially economic mineralization in the Orquidea vein is 1000 meters and, including samples taken from mines at higher altitude in the southeastern license, the vertical interval property-wide is 1500 meters. Figure 2 is a longitudinal section of the Orquidea vein showing the drill intersections to date along with sample data from near surface mines. The five drill intersections average 1.79 meters at 11.57 g/t gold. The mineralization is open laterally in both directions and at depth. Importantly, it now knows that the geologic system at Abriaqui is capable of generating high gold grades to this depth and that all veins in the district should have similar depth potential. Annuncio • Jan 26
FenixOro Gold Corp. Announces Discovery of Six Wider Zones of Mineralization on Four Different Veins in the Northern Block of the Abriaqui Gold Project FenixOro Gold Corp. announced the discovery of six wider zones of mineralization on four different veins in the northern block of the Abriaqui gold project. The discoveries result from infill sampling of earlier drill core and ongoing in-mine channel sampling: These wide zones have the characteristics to Buritica style mineralization, high grade centers surrounded by wider zones of lower grade mineralization, found at the nearby Buritica mine owned by Zijin Mining (acquired from Continental Gold); Six intersections on the Santa Teresa, Romperopa 1, Footwall and Baul vein thicknesses range from 7.7 to 20.1 meters and gold grades range from 2.2 g/t gold to 8.5 g/t gold; The two intersections on the Romperopa 1 vein define a block of a minimum 70 meters along strike with a minimum 200 meter vertical interval which is open upward and at depth; All of the thicker zones are developed in the relatively competent diorite host rock indicating potentially favorable conditions for future bulk underground mining. A program of channel sampling in the small mines at Abriaqui in mid-2021 provided an interval of 11.4m @ 6.08 g/t gold from a crosscut on the Santa Teresa vein system. The interval consisted of several veins each less than one meter in width separated by variably developed zones of gold-bearing veinlets. Subsequent channel sampling and infill sampling from earlier drill holes have defined additional wider zones of mineralization on four veins. Annuncio • Jan 20
FenixOro Commences Drilling on Highly Prospective Southeast Block FenixOro Gold Corp. announced that a second drill has been mobilized to begin exploration drilling on the highly prospective southeast block. This next phase of drilling will focus on reconnaissance scale drilling of all new targets. A pattern of four holes will test a series of NW and E-W trending veins near the currently drilled area. Several of these veins have 20+ g/t gold assays in shallow mine workings. A second pattern of holes one kilometer to the southeast will provide the first drill test of a second group of highly prospective veins. Soil sampling indicates that there may be significantly more veins in the area than are shown on the figure and that the largest may be more than 600 meters in strike length. The veins are exposed at a higher elevation than those to the northwest (an average of 2,500 meters vs. 2,100 meters) giving them a minimum one vertical kilometer of mineralization potential. The geochemical signature in the area is different with the equally high grade gold being accompanied by significantly higher silver (silver/gold ratio of 16 vs. 1.5) with higher copper and lead. To date, the 15 holes totaling more than 7,000 meters of drilling at Abriaqui have focused on evaluation of the dozens of veins in the northwestern part of the property. Two main corridors of northwest and east-west trending veins have been delineated by mapping, soil sampling, ground magnetics, and diamond drilling. The most significant veins in the northwest corridor appear to have continuous gold mineralization along 500 "800 meters of strike and a minimum of 700 vertical meters and all veins are open at depth. Thickness in these principal veins ranges up to 15-20 meters and gold grades range from 2-20+ g/t with a silver/gold ratio of about 1.5/1. These main families of veins in the northwest have been drilled at an average 200 meter spacing along strike and their geometry is fairly well understood. Drill core sampling is done in accordance with industry standards. The HQ and NQ diameter core is sawed, and half core samples are submitted to the laboratory. The other half core along with laboratory coarse reject material and sample pulps are stored in secure facilities on site and/or in the sample prep lab. Following strict chain of custody protocols, the samples are driven to the ISO 17025:2017 certified ALS Laboratory sample preparation facility in Medellin and ALS ships the prepared pulps to their assay laboratory in Lima, Peru. Blanks, duplicates, and certified reference standards totaling 15% of the total samples are inserted into the sample stream. To date, no material quality control issues have been detected. Gold is analyzed by fire assay with 50 gram charges for grades in excess of 10 grams per tonne and the additional elements are analyzed by ICP with appropriate follow-up for over-limits. Reported grade intervals are calculated using uncut gold values. Maximum sample length is one meter. Intervals which include multiple samples are calculated using the full geologic interval of mineralization and are not subject to specific rules for cutoff grades and internal low grade. As such, quoted thickness and grade of these intervals do not necessarily represent optimized economic intervals in a potential future mine. Reported sample and interval widths are based on lengths of individual samples in core and do not necessarily represent true widths of mineralization. True widths will sometimes be less than the quoted interval lengths. There are currently no NI 43-101 compliant resources or reserves in the project area. The analysis of drill results is intended to estimate the potential for future resources which will require significant additional drilling to define. Annuncio • Oct 01
FenixOro Gold Corp. Drills 23.2 g/t Gold in Newly Discovered Cascada Vein, Significantly Increases Resource Potential on Northwest Corridor at Abriaqui Gold Deposit FenixOro Gold Corp. announced that following lengthy delays caused by Covid 19-related issues in the Lima Peru lab, final assays have been received for the first three holes, along with partial results for the fourth, from the initial Phase 2 infill drill holes on the Northwest Vein Corridor (NWC) of the Abriaqui gold deposit. These results significantly increase the Company’s previously stated potential resource expectations and assumptions. New WNW Trending Vein Structure Identified: The newly designated “Cascada” vein was cut in P013. The intersection was 1.3m at 23.23 g/t gold. It is different from most other veins at Abriaqui in that it has a low content of sulfides, low silver, and contains visible gold. Cascada appears to be part of a family of at least four veins which trend 290 degrees. These veins have not been mapped on surface and are known only from underground workings and the new intersection in P013. They appear intermittently between the major veins of the NWC which trend 315 degrees. Their geometry is not well enough understood to justify individual longitudinal sections at this point, but they appear to have higher than project-average gold grade and they offer significant upside potential to be evaluated in future drilling. Three additional new veins were discovered in the bottom of hole P012. This “footwall series” of veins averages 1.5m in thickness with gold grades up to 19.47 g/t. These too are not yet well-understood geometrically and represent additional potential which will require deeper drilling to define. Four plus holes have been drilled in Phase 2 for 2575 meters with a project total of 6604 meters in 14 holes. P010 - P013 were drilled from the same pad as P001 as part of an infill program to begin the resource definition program on the northwest trending vein corridor (NWC). Holes were drilled at -45 degrees except for P012 and P014 which are angled at -65 degrees for deeper tests of the system. P011 was lost at 136 meters and P012 is a re-drill of that hole. The principal gold-bearing intercepts in NWC drilling to date including newly reported values for P010 - P012 and the upper part of P013. P010 was drilled to the west to cover the gap between P001 and P005 and eight significant veins were intersected. P012 was drilled at a steeper angle to test the same vein package at depth. Ten veins were intersected with the deepest still carrying high grade at the 1540 meter elevation which matches the deepest drilled mineralization in the district to date. Hole P014 (in progress) is projected to intersect the deepest veins in the NWC at the 1300 meter elevation. Annuncio • Sep 21
FenixOro Gold Corp Cuts 11.4 Meters At 6.08 G/T Gold on the Santa Teresa Vein System at Abriaqui FenixOro Gold Corp. announced the discovery of the widest mineralized zone yet seen at Abriaqui on the Santa Teresa vein system. The results are from an area of newly discovered underground mine workings. Santa Teresa is becoming much more complex than originally understood and the new work opens up the potential for the discovery of additional wide zones. The Santa Teresa trend is the longest and best developed vein system within the Northwest Vein Corridor (NWC) at Abriaqui. Surface outcrop is minimal and until recently, Santa Teresa was characterized by only two drill intercepts and a number of samples taken from existing underground mine workings. Artisanal mining historically concentrated only on the high grade core of the veins, and mine workings available for sampling did not necessarily represent the full thickness of the mineralization. To date this has ranged up to 4.1 meters in the drill holes on Santa Teresa. In a recent program of mine mapping several new mines were accessed which included areas where crosscuts were developed perpendicular to the vein trend. Recent channel sampling along these crosscuts has allowed for a much better characterization of the full width of mineralization. Phase 2 drilling, currently underway, is further testing Santa Teresa and several other veins in the NWC. Results from the first two holes will be reported soon. The Santa Teresa trend is characterized by multiple individual high grade veins separated by zones of lower grade material. As an example, the full intercept in drill hole P001 is typical with three veins with grades of 7-19 grams per tonne gold contributing to a full intercept of 4.1 meters at 5.08 g/t gold. The channel sampling program along the Santa Teresa trend targeted five historical mining areas and this release presents results from only the northernmost area with additional assays pending. As shown in Figure 2, veins were sampled over their geological thicknesses and adjacent areas were sampled in one-meter increments. The veins are hosted by hornfelsed sediments more than 200 meters from the intrusive contact and most samples are unaffected by surface oxidation. Five sub-parallel veins were mapped on mine level 2137 within a 15 meter wide corridor. While the underground sampling program is restricted to existing mine workings, in areas where crosscuts are available for sampling, FenixOro has found 5+ meter widths at good gold grade on the Baul 3 and now the Santa Teresa veins. The company is considering a program of short horizontal drill holes in some of the mines as part of the future resource definition program. Annuncio • Jun 24
FenixOro Gold Corp Discovers New, Wider Mineralized Structure and Completes First Hole of Phase 2 Drilling FenixOro Gold Corp. announced that Phase 2 drilling is underway as well as results of a detailed mine mapping and sampling program and an updated vein modeling exercise. Hole P010, the first hole of the Phase 2 infill and step-out drill program on the northwest vein corridor has been completed at a hole length of 540m. Visual analysis of core shows many intervals of mineralization. Logging and cutting is in process and initial batches of samples have been sent to the lab for assaying. Detailed vein mapping was completed in 76 mines in the area of Phase 1 drilling. Mapping data and drill results were used to correlate a total of 16 veins which were intersected in more than one drill hole. This is an increase from 4 veins modelled at the completion of Phase 1 drilling and still represents only a small portion of the total number of veins known to exist on the property. 270 samples were taken of veins and adjacent material, 10 of which returned values in excess of 50 g/t gold. The new results are from inside old mines and include 5.1m (true width) @ 6.64 g/t Au and 0.8m @ 149 g/t Au on the newly defined Baul 3 vein. The Phase 2 drilling has begun and hole P010 has been completed to a length of 540 meters. Hole P011 is being drilled at a steeper angle than earlier holes as a deep test of economic potential of the mineralized system. It is projected to intersect the last vein at approximately the 1375 meter elevation which would add an additional 165 meters to the currently proven 1200+ meter vertical range of known high grade mineralization at Abriaqui. Prior to the start of the Phase 2 drill campaign, a program of detailed mine mapping and sampling was completed in the area of the Phase 1 drilling. The goals of the program were to generate structural information to aid in three-dimensional modeling of the mineralized veins and to expand the database of vein sampling. Both will be used in the future economic modeling of the deposit. Highlights of the new sampling program include: 5.1m (true width) @ 6.64 g/t Au on the newly defined E-W trending Baul 3 vein which has 200+ meters of mine workings along its east-west strike. 0.8m @ 149 g/t Au and 0.7m @ 56.5 g/t Au on the same vein in areas where no crosscut access was available to sample the full width of the structure. 10 new samples in excess of 50 g/t Au with 3 greater than 100 g/t. Annuncio • May 11
Fenixoro Gold Corp. Announces Significant New Soil Anomaly Identified in Southeastern Block At Abriaqui FenixOro Gold Corp. completed a second round of soil sampling in the highly prospective Southeast block of its Abriaqui project. The area has historically returned very high grade gold values from multiple veins and includes a magnetic anomaly coincident with one of the best soil areas. FenixOro geologists recently expanded the soil sampling grid to cover more of the known vein and magnetic trends. The results are extremely promising and as a result, this previously undrilled block will receive more attention in the Phase 2 drilling program that is currently being mobilized. Annuncio • Apr 27
FenixOro Announces Startup of Phase 2 Drill Program at Abriaqui FenixOro Gold Corp. announced that mobilization has commenced for the startup of the Phase 2 drilling program at the Abriaqui gold project in Antioquia, Colombia. Following a very successful Phase 1 program the planned minimum 4000m Phase 2 drilling will primarily focus on building upon the discoveries along the Northwest Vein Corridor (NWC). This corridor represents the most immediate opportunity to both increase the potential resource blocks that have been developing and to convert potential to resource categories. Holes are also planned to better understand significant intercepts from Phase 1 that have not been included in any potential resource model calculations. Several significant intercepts including 7.7 meters @ 8.6 g/t gold in hole P006, were not included in the March 17, 2021 model exercise and the Company is eager to add these to its model. At least one deep hole will focus on delineating depth potential for additional resources on all veins below the 1500 meter elevation. The model indicates that the mesothermal veins continue beyond the deepest intercept from Phase 1 drilling. Increasing the depth of known mineralization will have a significant impact on the resource model calculation Drill holes are also planned for the highly prospective southern block around the area that hosts the highest grade mine sample found to date (146 g/t gold), a significant magnetic anomaly, and a large area of soil sampling that returned significant gold values. To date, the soil sampling program has been an extremely accurate leading indicator for finding additional, previously unknown vein structures during drilling. On these four veins alone there is an estimated 1.6 – 2.4 million ounce minimum resource potential down to the 1500 meter level. There is downside risk to this preliminary form of analysis. Most veins around the world are not homogeneous blocks of ore grade material and there may be low grade spots in some areas. Also the grades and thicknesses assumed are based on relatively few data points. Additionally, time and drilling will be required to convert potential resources into NI 43-101 compliant resources. The upside potential is excellent however as this analysis includes only four of the 100+ known gold mineralized veins on the property and all veins are open at depth. Annuncio • Mar 21
Fenixoro Gold Corp Announces Preliminary Analysis of the Results from its 4029 Meter Phase 1 Drilling Program at Abriaqui and the Plan for Phase 2 Drilling FenixOro Gold Corp. announced its preliminary analysis of the results from its 4029 meter Phase 1 drilling program at Abriaqui and the plan for Phase 2 drilling. Highlights include: Analysis of the Phase 1 drilling based on longitudinal sections indicates potential for 1.6 to 2.4 million ounces of contained gold on just four of the 100+ veins identified to date on the property. No NI 43-101 compliant resources or reserves exist on the property to date; Significant additional potential is indicated as this target does not include 80% of the drill intercepts reported in earlier press releases and only about half of the known veins on the property have been drill tested. Several significant intercepts including 7.7 meters @ 8.6 g/t gold in hole P006, are not included in this model exercise; Excellent potential exists for additional resources on all veins below the 1500 meter elevation which was chosen as a base for the resource potential estimate based on the deepest intersection to date; A minimum 4000 meter Phase 2 drilling program will begin in Second Quarter 2021. It will consist of infill and step-out drilling on the 1400 x 350 meter northwest trending corridor of at least nine vein structures (NWC). Phase 1 drilling focused on the easily accessible northwest part of the property. Nine diamond drill holes angled at 45 - 65 degrees downward from the surface ranged from 100-750 meters in depth (Table 1). They tested 250-350 meter wide corridors each containing multiple sub-vertical veins ranging in thickness from 15 centimeters to 7.7 meters. The thicker veins are characterized by one or more thinner zones of massive sulfides with halos of lower grade veinlet style mineralization. The best example of this style is the intercept in hole P006 which includes 0.45 meters of 124 g/t gold within an overall intercept of 7.7 meters of 8.46 g/t gold. Interestingly, that intercept is between the two main vein corridors and is not included in the four veins used in the 1.6 – 2.4 million ounce analysis detailed below. A second style of mineralization is indicated by hole P003 in the east-west vein Corridor (EWC). That hole contained 24 individual veins grading at least 1 g/t gold within the 250 meter wide corridor indicating a potential bulk-mineralization target for future follow-up drilling. Resource Potential: Four of the better veins were chosen for a first-pass modeling exercise, three in the NWC and one in the EWC. The drill intervals used in the calculations (reported in more detail in several earlier Press Releases) are summarized in Table 2. Resource potential sections are presented for those veins which are highlighted in Figure 1. The longitudinal sections are vertical sections in the plane of each vein looking towards the northeast (north for section EWC11). On each section the topographic surface is plotted along with all available surface and drilling assay data. The red squares are surface samples taken from shallow mine workings and vein outcrops with assays in grams per tonne gold. Drill data are plotted as a single red circle where each angled drill hole intersects the plane of the vein. Planned Phase 2 drill intersection points are plotted in blue. The yellow area in each section is that portion of the vein that, based on current data, is most likely to contain potentially economic thickness and gold grade. The targeted tonnage potential for each vein is a simple volume calculation of: Length x average width of drill intersections x depth x density (averaged from over 200 measurements on drill core): The depth on each section is arbitrarily cut off at the 1500 meter elevation which is 50 meters below the level of the deepest intersection in the drilling to date. The grade used in the calculations is an average of the grade in drill holes. It does not include the (usually higher) grades from mine samples as they are generally from selected higher grade parts of the wider mineralized structures. The summary of potential for the four sections shown in Table 3 presents the totals as a range as per NI 43-101 requirements. Clearly, there is not enough information available after only nine drill holes to precisely estimate future resource potential so the average thicknesses and grades are presented as +/- 20% of the best estimates derived from existing data. FenixOro feels that this range provides a fair estimation of resource potential at this conceptual stage. As noted in the Forward Looking Information section below, there is no gurantee that a resource will ever be delineated. Phase 2 Drill Program: A Phase 2 drilling program is scheduled to commence in early Second Quarter 2021. Given the obvious potential for significant resources in the NWC, the decision was made to concentrate the majority of the minimum 4000 meter program in that area. The blue lines on Figure 1 and the corresponding blue points on the sections show that the emphasis will be infill and step-out drilling to further define and hopefully expand the resource potential blocks in preparation for eventual resource definition drilling. Most holes will test the entire corridor and not just the veins used in this analysis. The decision to spend the next phase consolidating and further defining the discovery made in Phase 1 in no way minimizes the importance of the large number of additional targets on the property including 40+ known veins and numerous gold-in-soil anomalies. These additional target areas include the relatively under-explored southern block, where the high grade vein sample of the entire project assayed 146 g/t gold. Annuncio • Mar 17
FenixOro Announces Final Drill Results from Holes P007 and P009 from its Recently Completed 4029 Meter Phase 1 Diamond Drilling Program FenixOro Gold Corp. announced final drill results from holes P007 " P009 from its recently completed 4029 meter Phase 1 diamond drilling program. These results have some important positive implications for the Company’s understanding of the vein system at its Abriaqui project in Colombia. Highlights include; Hole P008 intersected 3.65 meters at 5.40 g/t gold including 0.25m at 71 g/t in veins that correlate with mined-out voids in P005 and P006. The mined out voids, 4 zones totaling 13.2 meters in Hole P005 and one zone of 1.6 meters in Hole P006, show
potential to positively impact the results from these holes in a significant way. The combination of this newly discovered historical mining area with the results already received(7.7 meters at 8.46 g/t gold incl 0.45 meters at 124.5 g/t in hole P006) confirm this as an exciting new area deserving further exploration and P009 was drilled across the northwest trending vein corridor (NWC) 500 meters to the southeast of P001. Veins intersected in P009 are many of the same intersected in P001 and extend the strike length of the NWC to a minimum of 1400 meters. Annuncio • Feb 25
FenixOro Gold Corp Announces Drill Results from Holes P005 and P006 from 4029 Meter Phase 1 Diamond Drilling Program At the Abriaqui Project in Colombia FenixOro Gold Corp. announced drill results from holes P005 and P006 from its recently completed 4029 meter Phase 1 diamond drilling program at the Abriaqui project in Colombia. Highlights include: Hole P006 intersected 7.7 meters at 8.46 g/t gold including 0.45 meters at 124.5 g/t beneath a strong soil anomaly. This is the highest individual assay received from the drilling to date. A second vein in P006 ran 0.75 meters at 14.45 g/t gold; Seven veins were intersected in P005 including 1.35 meters at 12.28 g/t gold. This intercept is the deepest to date at Abriaqui and it extends the proven vertical range of high grade mineralization to more than 1200 meters; The deepest intersection in P005 demonstrates a previously unknown connection of mineralization to the intercept at the bottom of Hole P001. This mineralized trend, southwest of and parallel to the main Santa Teresa Vein, connects Holes 1 to 5 with a surface extension of at least 150 meters; The upper 60 meters of both holes had multiple open spaces representing previously unknown historical mining of closely spaced veins. Hole P006 was drilled to the south from the same platform as P005 to test the area between the northwest trending vein corridor and the east-west trending corridor of veins described in the press release of February 22, 2021. Two significant veins were intersected: 0.75 meters at 14.45 g/t gold and 7.70 meters of 8.46 g/t gold. The second vein represents the best combination of grade and thickness drilled to date. The core of the intercept is a single sample containing 124.5 g/t over 0.45 meters and it is flanked by several meters of veinlet style mineralization. Hole P005 was drilled to the south at a -45 degree angle to test the 350 meter wide NWC which was intersected in P001. As previously reported, nine veins were cut in P001 including 4.14m @ 5.08 g/t and 1.3m @ 28.18 g/t. A principal goal of P005 was to test the newly named Santa Teresa Vein system in an area of significant historical mining about 450 meters northwest of the original intersection in P001. Due to significant deviation of the 750 meter hole, the intersection missed the original target and the realized vein intercept was modest. However, near the bottom of the hole, a 1.35 meter intercept at 12.28 g/t extends the length of the deepest vein in P001 150 meters to the northwest. This intersection, the deepest to date at Abriaqui, also extends the known vertical range of high grade gold mineralization to over 1200 meters. In the upper 60 meters of both P005 and P006 multiple open spaces were intersected, some of which were filled with old mining debris. These represent old mined out areas on a set of closely spaced veins at the western end of the EWC. No vein samples were available in the open spaces but the veins obviously had high enough gold grade to attract the efforts of artisanal miners from prior generations. Hole P008 was drilled at a steeper angle to test the veins underneath the old workings but it too intersected open spaces. These particular historical mines were previously unknown and are some of the deepest ever developed in the district. The close vein spacing mirrors that in hole P003 where 24 veins were intersected within the 250 meter wide EWC. Annuncio • Feb 24
Fenixoro Identifies Potential Bulk Tonnage Exploration Target at Abriaqui FenixOro Gold Corp. to announce the recently received results of additional infill sampling of core from drill holes P001 - P004. The eight-hole, 4029 meter Phase 1 drilling program has been finished at Abriaqui and final assays are awaited for holes P005 - P008. Highlights of the new results include: New discoveries increase the number of vein structures, and decrease the average spacing of veins underground to outline a potential bulk tonnage exploration target area 400 500 meters long and 250 meters wide. Six additional intercepts in P003 with grades up to 13.2 g/t gold bring the total in that hole to 24 veins within the 250 meter wide East-West Corridor (EWC). A new 3.85 meter intercept in hole P001 lends additional confirmation that the main northwest trending vein corridor (NWC) is the principal zone of interest in the area drilled to date. Two additional vein intercepts in hole P002 further validate the use of surface soil sampling as a drill targeting technique and expand the area of potential along the EWC. The Phase 1 diamond drilling program has been finished and the drill was demobilized in early February. Final core logging, sampling, and assaying are underway, and all results are expected by the end of February. Annuncio • Feb 18
FenixOro Gold Corp. announced that it has received CAD 1.048565 million in funding On February 17, 2021, FenixOro Gold Corp. (CNSX:FENX) closed the transaction. The company issued 3,495,216 units for gross proceeds of CAD 1,048,564.8. Annuncio • Feb 03
FenixOro Gold Corp. announced that it expects to receive CAD 1 million in funding FenixOro Gold Corp. (CNSX:FENX) announced a non-brokered private placement of 3,333,333 units at a price of CAD 0.30 per share for gross proceeds of approximately CAD 1,000,000 on February 2, 2021. The transaction will include participation from a small number of significant shareholders of the company. Each unit consist of one common share and one whole common share purchase warrant. Each warrant being exercisable for one additional common share at an exercise price of CAD 0.35 for a period of 24 months from the date of issuance. All securities to be issue pursuant to the transaction are subject to a statutory hold period of four months and one day from the date of issuance. Closing of the transaction is subject to certain standard closing conditions, as well as the approval of the Canadian securities exchange. The transaction is expected to close on or about February 5, 2021. Is New 90 Day High Low • Jan 30
New 90-day low: CA$0.28 The company is down 39% from its price of CA$0.47 on 30 October 2020. The Canadian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 3.0% over the same period. Annuncio • Jan 28
FenixOro Provides Progress Update on Phase 1 Drilling at Abriaqui FenixOro Gold Corp. provided an update on its Phase 1 diamond drilling program at its Abriaqui project in Antioquia State, Colombia. Holes P005-P008 have now been completed. Drilling has continued to progress smoothly, and core recovery continues to be excellent. Assay return slowed over the Christmas break and the Company expects to begin receiving results from the lab shortly, continuing for the next several weeks. Phase 1 drilling began in early October of 2020 and has been focused on the most accessible part of the property which has over 40 mapped veins developed in northwest and east-west trending corridors 600-1,200 meters long and 300-400 meters wide. Press releases dated November 24 and December 17, 2020 presented results from the first four holes which included numerous high grade vein intersections, principally on the northwest trending family of veins, as well as thicker intervals of lower grade gold mineralization on the east-west trend (incl. 7.75m at 1.53 g/t in hole P004). Intercepts up to 71 g/t gold extended the known vertical range of high grade gold at Abriaqui to over 1,000 meters in outcrop and drill holes. The mineralization remains open at depth. Vein mineralization is well developed in all rock types, including the diorite stock and hornfels in sediments up to 400 meters outward from the intrusive contact. Is New 90 Day High Low • Jan 13
New 90-day low: CA$0.33 The company is down 37% from its price of CA$0.52 on 14 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 4.0% over the same period. Annuncio • Dec 30
FenixOro Intercepts 71 g/t Gold and Discovers Multiple New Gold Bearing Veins at Abriaqui FenixOro Gold Corp. announce additional high grade intercepts and the discovery of new, previously unknown gold bearing veins at the early stage Abriaqui Project in Antioquia State, Colombia. These assays represent additional results from hole P001001 and preliminary results from holes P002001, P003002 and P004002. Highlights include: total of nine veins were intersected in P001001 with previously unreported intercepts including: 1.30 meters at 28.18 g/t gold from 381.7 meter depth including, 0.50 meters at 71.9 g/t gold and 60.2 g/t silver. Ten additional veins intersected in holes 002-004 with grades up to 18.55 g/t gold. Four additional zones 7 meters to 10 meters thick intersected lower grade gold. Six of the veins drilled in holes 002-004 were virgin discoveries targeted by gold-in-soil anomalies. These new discoveries validate the soil sampling technique in this weathering environment and significantly increase the prospectivity of many areas throughout the property that have no known or visible mineralization. Drilling to date has tested only about 20% of known mineralization to a depth of only 350 meters below surface. Many high grade vein targets are yet to be tested, along with additional areas of replacement and porphyry style gold potential. Principal take-aways from the initial drill results to date include: The high grades seen in shallow mine sampling throughout the property have been proven at depth and the total vertical extent of high grade in veins has been extended to more than 1000 meters. There is no indication that high grade in veins is diminishing at depth as one of the deepest intercepts to date runs 71.9 g/t gold. The potential for high grade gold can be estimated from the extensive distribution of small mines as the artisanal miners only worked areas of high grade given their primitive free gold recovery technology. The soil sampling technique has been validated by several newly discovered veins in holes 002-004. This puts numerous additional areas into play property-wide. The presence of four thicker mineralized zones characterized by intense quartz- carbonate veining and hosted by three different rock types bodes well for future discoveries in multiple environments. The planned 10-hole, 4500-meter Phase 1 program began in early October and to date, almost 3000 meters have been completed. Drilling conditions and contractor performance have been excellent with core recoveries at almost 100% in all holes. At the current rate Phase 1, which is on time and within budget, will be finished in January of 2021. The main target at Abriaqui is a series of over 80 mesothermal style quartz +/- carbonate veins with a sulfide assemblage dominated by pyite-pyrrhotite. The veins are developed in a 1.5 x 4 kilometer diorite body of upper Miocene age and a hornfels zone developed in flanking sediments. The veins are developed in east-west and northwest trending structural corridors 250-350 meters wide and up to 1200 meters long. Assays of over 20 g/t gold have been received for veins over a 1000-meter vertical interval from shallow mine workings and drill intercepts. There is little difference in grade or metal ratios within the vertical range observed which is typical of higher temperature, deep seated mesothermal veins. Gold grades of +20 g/t are common in the veins with occasional samples in excess of 100 g/t. There is additional gold mineralization in stockwork veinlet zones and breccias between some of the veins which adds potential for thicker widths of mineralization. There is also lower grade gold mineralization in manto-style replacement zones in parts of the sedimentary package. The geological setting at Abriaqui is similar to that at the Buritica gold deposit 15 kilometers to the east. The global resource at Buritica is 11.3 million ounces at an average of 9.4 g/t gold. At Buritica the host diorite intrusion is of similar age, size, and composition to that at Abriaqui and high grade gold veins have been drilled over a minimum 1200m vertical interval. The Abriaqui veins would correspond to the deeper part of the Buritica system where the sulfide and alteration assemblages are dominated by pyrrhotite, magnetite and biotite (Continental Gold press release, September 25, 2019). The aim of the Phase 1 drill program is to test as many of the known veins as possible as well as several of the significant gold-in-soil anomalies found between known vein families. The holes are testing veins hosted by the diorite and the hornfels zone adjacent to the contact. This drill phase is restricted to the main vein swarm in the northwestern part of the property as the more logistically challenging southeastern vein group will require more time for preparing access. Additional assay results have been received for hole P001001. Newly reported intervals include a 1.3 meter intercept from 381.7 meter depth at 21.18 g/t gold which includes the high individual assay received to date from the drilling, 0.50 meters at 71.9 g/t gold with 60.2 g/t silver. The new results bring the total number of significantly mineralized veins in the hole to nine. Annuncio • Dec 19
FenixOro Gold Corp. Intercepts 71 g/t Gold and Discovers Multiple New Gold Bearing Veins at Abriaqui FenixOro Gold Corp. announced additional high grade intercepts and the discovery of new, previously unknown gold bearing veins at the early stage Abriaqui Project in Antioquia State, Colombia. These assays represent additional results from hole P001001 and preliminary results from holes P002001, P003002 and P004002. Highlights include: A total of nine veins were intersected in P001001 with previously unreported intercepts including: 1.30 meters at 28.18 g/t gold from 381.7 meter depth including, 0.50 meters at 71.9 g/t gold and 60.2 g/t silver. Ten additional veins intersected in holes 002-004 with grades up to 18.55 g/t gold. Four additional zones 7 meters to 10 meters thick intersected lower grade gold, Six of the veins drilled in holes 002-004 were virgin discoveries targeted by gold-in-soil anomalies. These new discoveries validate the soil sampling technique in this weathering environment and significantly increase the prospectivity of many areas throughout the property that have no known or visible mineralization. Drilling to date has tested only about 20% of known mineralization to a depth of only 350 meters below surface. Many high grade vein targets are yet to be tested, along with additional areas of replacement and porphyry style gold potential. The planned 10-hole, 4500-meter Phase 1 program began in early October and to date, almost 3000 meters have been completed. Drilling conditions and contractor performance have been excellent with core recoveries at almost 100% in all holes. At the current rate Phase 1, which is on time and within budget, will be finished in January of 2021. Is New 90 Day High Low • Dec 16
New 90-day low: CA$0.38 The company is down 32% from its price of CA$0.55 on 16 September 2020. The Canadian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 13% over the same period. Is New 90 Day High Low • Nov 27
New 90-day low: CA$0.45 The company is down 20% from its price of CA$0.56 on 28 August 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 10.0% over the same period. Annuncio • Nov 25
FenixOro Gold Corp. Intercepts Multiple High Grade Gold Veins in First Drill Hole at Abriaqui Including 32 g/t Gold FenixOroGold Corp. announced that assay results from the first drill hole demonstrate high grade gold and silver intercepts at the Abriaqui project in Antioquia, Colombia. The planned 10-hole, 4500-meter Phase 1 program began in early October and to date four holes totaling 1950 meters have been completed. FenixOro contracted Colombia veteran Logan Drilling for the program which is utilizing a track mounted drill with capacity for 600+ meters of HQ/NQ diameter core drilling. To date the drilling conditions and contractor performance have been excellent with core recoveries at almost 100% in all holes. At the current rate Phase 1, which is on time and within budget, will be finished in January of 2021. The main target at Abriaqui is a series of over 80 mesothermal style quartz +/- carbonate veins with a sulfide assemblage consisting of pyite-pyrrhotite +/- arsenopyrite-sphalerite-chalcopyrite-galena. The veins are developed in a 1.5 x 4 kilometer diorite body of upper Miocene age and a hornfels zone developed in fine grained, predominantly siliciclastic sediments of the Cretaceous age Penderisco Formation. The veins are developed in east-west and northwest trending structural corridors 250-350 meters wide and up to 1200 meters long. Assays of over 20 g/t gold have been received for veins over a 900-meter vertical interval from surface outcrops and shallow mine workings. There is little difference in grade or metal ratios within the vertical range observed which is typical of higher temperature, deep seated mesothermal veins of this type. Gold grades of +20 g/t are common in the veins with occasional samples in excess of 100 g/t. There is additional gold mineralization in stockwork veinlet zones between some of the veins which adds potential for thicker widths of mineralization. Breccias related to pre-mineral faulting are locally mineralized and there is lower grade gold mineralization in manto-style replacement zones in parts of the sedimentary package which are associated with pyrite and silicification. Alteration halos consisting of weak to moderate silicification surround the veins and in some areas potassic alteration consisting of biotite replacement of hornblende with quartz-magnetite veining is developed. An epidote-chlorite-pyrite assemblage is a late overprint locally, especially within the sediments. the aim of Phase 1 drilling is to test as many of the known veins as possible in ten holes as well as several of the significant gold-in-soil anomalies found between known vein families. The holes are testing veins hosted by the diorite and the thermally altered sediments in the hornfels zone adjacent to the contact. The southernmost hole will also test a significant magnetics high. This drill phase is restricted to the main vein swarm in the northwestern part of the property as the more logistically challenging southeastern vein group will require more time for preparing access. To date four holes have been drilled for a total of 1950 meters but as assay results have only been received for P001001 (hole 001 from platform 001), the current discussion will be limited to that hole. All holes were surveyed and core was oriented during the drilling process as an aid to future modelling exercises. P001001 was drilled to the southwest to test the widest part of the northwestern vein corridor. The original dip of the hole was -45 degrees, but the hole survey indicated a shallowing to less than -40 degrees at the final depth of 601 meters. Core recovery was close to 100% throughout the hole once below the thin oxide surficial zone and fracture density was minimal. Annuncio • Oct 05
Fenixoro Gold Corp Receives Environmental Authorization to Drill At Abriaqui FenixOro Gold Corp. to announced that it has received environmental authorization required to commence its maiden drilling program at the Abriaqui project in Antioquia, Colombia. As part of the drilling program, FenixOro will also be providing data and geotechnical information to assist with the construction of upgraded roads for local use. Under the umbrella of its ongoing local initiatives, the Company is very pleased be in a position to provide these benefits at no cost to the community. With the permit in hand the contract with Colombia veteran Logan Drilling has been finalized. The surface owners in all areas to be drilled are members of the local, legal small miner's cooperative that is FenixOro's partner in the venture. Access arrangements have also been finalized. Creating access to the drill pads will not require the felling of any trees and only short intervals of non-mechanized trail preparation. The water used in the drilling will be recycled and the operation will be conducted in a manner that will generate zero fluid discharge. Post-drilling pad and trail reclamation will be closely monitored and approved by environmental authorities. The principal target of the ongoing and future drill program is a series of over 80 "Buritica-style" high- grade gold veins which are present in northwest and east-west trending corridors up to 400 meters wide and up to 1200 meters in strike length. Each corridor contains numerous semi-parallel, sub-vertical veins and each inclined drill hole will test several veins. The veins crop out over more than 800 vertical meters on the property with high grades (20+ g/t gold) throughout that vertical interval. In the press release dated August 19, 2020 FenixOro reported broad zones of high quality soil anomalies situated between the outcropping vein sets in many areas. These could represent additional non-outcropping veins and/or areas of interstitial lower grade stockwork type mineralization which has been seen in several areas on the property. This latter is reminiscent of the situation at the nearby, 11+ million ounce Buritica deposit where four "Broad Mineral Zones" (BMZs) consisting of veins plus stockwork mineralization have been modelled for future underground bulk mining. Phase one drilling at Abriaqui will test several of these anomalous areas. The data from a recently completed ground magnetometry survey define a strong, near-surface magnetic anomaly of about one square kilometer to a depth of at least 700 meters. At least one hole will test the idea that it represents the depth continuation of a small area of gold-bearing, porphyry style magnetic, potassic alteration seen on surface. The surface outcrop area of mineralized alteration appears to be in a fault block at the northern end of the body and assays of samples taken returned up to 1.1 g/t gold. This is representative of the better porphyry systems in Colombia and around the world. Annuncio • Oct 01
Fenixoro Gold Corp. Is Pleased to Detail the Objectives of Its Maiden Diamond Drilling Program At Abriaqui FenixOro Gold Corp. is pleased to detail the objectives of its maiden diamond drilling program at Abriaqui. The Phase 1 program, initiated on September 26, will include 4500 of the budgeted and fully funded 6000 meters of the initial program. Objectives of the program are a first phase test of the sequence of mesothermal veins and geophysical anomalies in the northwestern part of the project area. As part of its ongoing local community initiative a geotechnical program utilizing the same drill holes will determine rock quality for a road upgrade in cooperation with the Municipality of Abriaqui. Annuncio • Sep 26
FenixOro Gold Corp Announces Drilling Equipment Arrives at Abriaqui Project FenixOro Gold Corp. announce that Logan Drilling has mobilized to site for the commencement of the Phase 1 drill program at the Abriaqui Project in Colombia. The principal target at Abriaqui is a series of over 80 high grade, “Buritica-style” gold veins. These veins, which have been worked for over 80 years by FenixOro’s partner, a local mining cooperative, will be the primary focus of the drill program. Many of the vein sets have sampled higher than 20 grams per tonne gold to a maximum of 146 grams per tonne. Additionally, the potential for porphyry-style gold mineralization was recognized earlier this year with the discovery of a small surface outcrop of magnetite-bearing potassic alteration. Annuncio • Aug 26
FenixOro Gold Corp. (CNSX:FENX) acquired Rights to Certain Mineral Claims in Abriaqui from Andina Gold Corp for COP 1.5 billion. FenixOro Gold Corp. (CNSX:FENX) acquired Rights to Certain Mineral Claims in Abriaqui from Andina Gold Corp for COP 1.5 billion on August 25, 2020. Under the terms of the transaction, FenixOro will issue 1 million common shares as consideration.
FenixOro Gold Corp. (CNSX:FENX) completed the acquisition of Rights to Certain Mineral Claims in Abriaqui from Andina Gold Corp on August 25, 2020.