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Results from FenixOro Gold (CSE:FENX) highlight correlation among Colombian gold deposits

Market News, Mining
CSE:FENX
06 March 2023 13:30 (EDT)

FenixOro Gold (FENX) shared the results of a petrographic study at its Abriaqui project in Antioquia, Colombia.

The study characterized the rock types, alteration, and mineralization. Results show similarities with the formation and characteristics of both the Buritica Mine under Continental Gold (TSX:CNL) and the Marmato Mine under Aris Gold (TSX:ARS), both multimillion oz. deposits.

Samples were analyzed, characterizing all mineralization types throughout the full 1,500 vertical meters of known high-grade gold mineralization.

The intrusive system, alteration signature, and mineralization pulses are all multi-stage indicating a strong, long-lasting gold-mineralizing system capable of creating a large, multi-million oz. deposit.

36 samples were analyzed to define the characteristics of the intrusive rock suite as well as the mineralization history of a deposit.

FenixOro’s CEO, John Carlesso, sat down with Sabrina Phillips at PDAC 2023 to discuss these results.

FenixOro Gold Corp. (FENX) is a Canadian company focused on acquiring and exploring gold projects with great exploration potential in the most prolific gold-producing regions of Colombia.

FenixOro Gold Corp. (FENX) opened trading at C$0.125 per share.


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