- Phenom Resources Corp. (TSXV:PHNM) announced a series of new vanadium intercepts at its flagship Nevada project
- The results are the first in a series of new vanadium drill reports from the 2022 summer drill program at its Carlin Gold-Vanadium Project on the Carlin Gold Trend
- The company has now completed 49 shallow vertical RC drill holes in four sectors
- A fifth sector will be tested at a later date with 11 more drill holes
- Shares of Phenom Resources are down 3.80 per cent to C$0.38 as of 10:03 a.m. EDT on Tuesday
Phenom Resources (TSXV:PHNM) announced a series of new vanadium intercepts at its flagship Nevada project.
The results are the first in a series of new vanadium drill reports from the company’s 2022 drill program at its Carlin Gold-Vanadium Project in Nevada.
To date, the company has now completed 49 shallow vertical RC drill holes in four sectors — north, south, east and west of the deposit — in order to expand the outer limits of the vanadium resource area.
Phenom Resources said a fifth sector to the northwest remains to be tested with a further 11 drill holes.
The first sector reported is an area 320 metres long and 110 metres wide in the northern limits of the deposit.
“We are pleased with this first report that the vanadium deposit is bigger, extending northward beyond the limits of previous drilling and resource, demonstrating continuity with consistent good vanadium grades and widths near surface,” Paul Cowley, president and CEO of Phenom Resources, said in a press release.
The company has a 100 per cent interest in the Carlin Gold-Vanadium Project in Elko County, which is six miles south of Carlin, Nevada. The project also hosts the Carlin Vanadium deposit.
Shares of Phenom Resources are down 3.80 per cent to C$0.38 as of 10:03 a.m. ET.