Phenom Resources Corp Stock Price, News & Analysis

Phenom Resources (OTCQX: PHNMF) has resumed drilling operations at its Crescent Valley Gold Project in Nevada, located 22 km southwest of Carlin along the Carlin Gold Trend. The project presents two significant exploration opportunities: a low sulfidation bonanza-vein-type gold system and an Iron Oxide Copper Gold (IOCG) prospect with rare earth elements.

The project features a 5-6 kilometer-long quartz vein system with veins up to 30 meters thick. A 2023 IP survey identified conductivity anomalies suggesting structures and quartz veining at depth. The IOCG prospect revealed a 75m exposed breccia containing elevated levels of 15 rare earth elements, including valuable elements used in EV magnets and electronics.

Phenom Resources (OTCQX: PHNMF) reports on three relevant U.S. Department of Energy (DOE) grant opportunities totaling nearly $1 billion to advance critical minerals and materials supply chains. The opportunities align with Phenom's vanadium projects: High-grade Vanadium-Nickel Processing Project and Carlin Vanadium Project.

The three relevant funding areas include: Critical Minerals and Materials Accelerator ($50M), Mines & Metals Capacity Expansion ($250M) for byproduct mineral recovery, and Battery Materials Processing and Manufacturing ($500M) for expanding U.S. critical mineral processing and battery manufacturing. Phenom plans to submit applications once the DOE reveals timing.

Phenom Resources (OTCQX: PHNMF) has discovered a significant new oxidized and altered zone at its Dobbin Gold Project in Nevada. The newly identified zone spans 700 metres long and 300 metres wide, located 400 metres northwest of the main gold soil anomaly. The zone shows promising alteration and pathfinder geochemistry typical of Carlin-type gold systems.

Additionally, the company reported results from seven hand-dug trenches within the main gold soil anomaly, which extends over 2.1 kilometres. Notable intersections include 14.63 metres grading 0.36 g/t Au in trench DTR-04, including 3.66 metres at 0.928 g/t Au. Four grab samples east of trench DTR-01 returned values between 0.858 g/t Au and 2.65 g/t Au.

Phenom Resources (OTCQX: PHNMF) provided an update on its drilling activities at the Crescent Valley Gold Project in Nevada. The first hole of a planned three-hole program was terminated at 830 ft due to difficult ground conditions and did not yield significant gold mineralization.

The company plans to resume drilling by the end of August, focusing on two key opportunities: low sulfidation bonanza-vein-type gold and an Iron oxide copper gold (IOCG) prospect with rare earth metals. The property features a 5-6-kilometer-long quartz vein system with veins up to 30 meters thick, and an IOCG setting with extensive magnetite veining and rare earth elements, including valuable components used in EV magnets and electronics.

Phenom Resources (OTCQX: PHNMF) has reported its first gold assays from chip sampling of mineralized bedrock at the Dobbin Gold Project. The sampling was conducted across a +2.1 km long and 200m wide gold soil anomaly. The company hand-dug seven shallow trenches, with results available from three trenches showing consistent gold mineralization characteristic of a Carlin gold system.

Key findings include gold values averaging 0.545 g/t Au across 16 metres in one trench, high-grade samples of 10.35 g/t Au and 2.11 g/t Au over consecutive 2-metre intervals in another trench, and consistent values averaging 0.274 g/t Au across 24 metres in the third trench. The soil cover was found to be very thin, typically only 0.5-0.75 metres thick, and the trenches are well distributed along a 550-metre length of the gold soil anomaly.

Phenom Resources Corp provided updates on multiple projects. At the Crescent Valley Gold Project, they completed a Reverse Circulation drill program with assays expected in 4 weeks, and discovered a 75-meter continuous IOCG system outcrop containing potential rare earth minerals. The Dobbin Gold Project is undergoing mapping and sampling near a 2.1km long gold soil anomaly, with permits submitted for trenching and drilling. At King Solomon Gold Project, mapping work has begun on a nine square kilometer gold-arsenic system. Their Vanadium-Nickel project is advancing with a unique processing flowsheet nearing patent application stage, while seeking strategic partners and US government funding. Additionally, their Japanese partner MK Plus secured a 60GWh vanadium solid state battery order from a European government, with production starting next spring. Phenom holds a 5% equity stake in MK Plus through an Off-take Agreement.

Phenom Resources Corp. (OTCQX: PHNMF) has initiated drilling operations at its Crescent Valley Gold Project in Nevada, located 22 km southwest of Carlin. The project features what's described as Nevada's largest known quartz vein system, situated within the Northern Nevada Rift near the Carlin Gold Trend. According to Director Dave Mathewson, the project shares similarities with the historic SLEEPER deposit, which was operated by AMAX Gold (1986-1996) and achieved the world's lowest gold production cost of $103/oz in 1988. The site contains multi-event, silica-healed hydrothermal breccias, with veins showing characteristics typical of above-boiling zones. This drilling campaign follows an unsuccessful attempt in October 2024, which was terminated early due to contractor underperformance.

Phenom Resources Corp (TSXV: PHNM) (OTCQX: PHNMF) has strengthened its geological team by engaging two senior Carlin-type gold specialists for its Dobbin and King Solomon Gold Projects in Nevada. The company has recruited Brion Theriault, a Certified Professional Geologist with over 30 years of experience, who previously worked with Newmont and AngloGold in major Carlin-type gold districts. Additionally, Dr. Mike Ressel, a field-oriented geologist with approximately 30 years of experience, joins the team bringing expertise from companies like Newmont and Kinross. Both specialists were handpicked by Dave Mathewson for their extensive experience in identifying and developing Carlin-type deposits.

Phenom Resources reports significant historical high-grade antimony and silver mining findings at its King Solomon Gold Project. Historic grab samples revealed impressive concentrations of up to 38.86% antimony and 55.16 oz/t silver from one vein, while a 4ft wide shear zone showed 1.3% antimony and 2.8 oz/t silver.

The project features two notable veins: a north vein averaging 0.45m wide, traced for 230m, and a southern vein 79m south of it, traced for 75m. Historical production estimates from the Nevada Bureau of Mines indicate between 100-1,000 tonnes of antimony output.

This antimony discovery gains strategic importance as the US government prioritizes critical metals. While Phenom maintains its primary focus on gold exploration, the presence of antimony, a common pathfinder element in Carlin gold systems, may expedite project permitting with regulators.