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Phenom Resumes Drilling at Crescent Valley Gold Project for Gold and Rare Earths

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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) ha ripreso le attività di perforazione al Crescent Valley Gold Project in Nevada, situato a 22 km a sud-ovest di Carlin lungo il Carlin Gold Trend. Il progetto offre due importanti opportunità esplorative: un sistema aurifero bonanza-type a bassa solfatazione e una prospetta Iron Oxide Copper Gold (IOCG) con elementi delle terre rare.

Il progetto presenta un sistema di vene di quarzo lungo 5-6 chilometri con vene fino a 30 metri di spessore. Un’indagine IP del 2023 ha identificato anomalie di conducibilità che suggeriscono strutture e vene di quarzo in profondità. La prospetta IOCG ha rivelato una breccia esposta di 75 m contenente livelli elevati di 15 elementi delle terre rare, tra cui elementi utili per magneti EV ed elettronica.

Phenom Resources (OTCQX: PHNMF) ha reanudado las operaciones de perforación en el Crescent Valley Gold Project en Nevada, ubicado a 22 km al suroeste de Carlin a lo largo de la Carlin Gold Trend. El proyecto ofrece dos importantes oportunidades de exploración: un sistema de oro tipo bonanza de baja sulfidación y una prospectiva Iron Oxide Copper Gold (IOCG) con elementos de tierras raras.

El proyecto presenta un sistema de vetas de cuarzo de 5-6 kilómetros de longitud con vetas de hasta 30 metros de espesor. Una encuesta IP de 2023 identificó anomalías de conductividad que sugieren estructuras y vetas de cuarzo en profundidad. La prospectiva IOCG reveló una brecha de 75 m expuesta que contiene niveles elevados de 15 elementos de tierras raras, incluyendo elementos valiosos usados en imanes de EV y electrónica.

Phenom Resources (OTCQX: PHNMF)가 네바다주 Crescent Valley Gold Project에서 시추 작업을 재개했습니다. 이 프로젝트는 Carlin Gold Trend를 따라 Carlin에서 남서쪽으로 약 22km 떨어진 위치에 있습니다. 두 가지 중요한 탐사 기회가 있습니다: 저황화 벤자나형 금 시스템과 희토류를 포함한 원소를 가진 Iron Oxide Copper Gold(IOCG) 탐사구입니다.

프로젝트는 길이 5-6km의 석영 벽계 시스템을 특징으로 하며 벽은 최대 30m 두께까지 있습니다. 2023년 IP 조사는 깊이에 구조물과 석영 벽층이 있을 수 있음을 시사하는 전달도 이상을 확인했습니다. IOCG 탐사에서 75m 노출 브레시아가 드러났고, 15종의 희토류 원소가 높게 나타났으며 EV 자석과 전자제품에 사용되는 귀중한 원소들이 포함되어 있습니다.

Phenom Resources (OTCQX: PHNMF) a repris les travaux de forage sur le Projet Cresissant Valley Gold dans le Nevada, situé à 22 km au sud-ouest de Carlin le long de la Carlin Gold Trend. Le projet offre deux importantes opportunités d’exploration : un système bonanza d’or à faible sulfuration et une prospective Iron Oxide Copper Gold (IOCG) avec des éléments des terres rares.

Le projet présente un système de veines de quartz sur 5-6 kilomètres avec des veines atteignant 30 mètres d’épaisseur. Une étude IP de 2023 a identifié des anomalies de conductivité suggérant des structures et des veines de quartz en profondeur. La prospective IOCG a révélé une brèche exposée de 75 m contenant des niveaux élevés de 15 éléments des terres rares, dont des éléments précieux utilisés dans les aimants EV et l’électronique.

Phenom Resources (OTCQX: PHNMF) hat die Bohrarbeiten am Crescent Valley Gold Project in Nevada wiederaufgenommen, das 22 km südwestlich von Carlin entlang des Carlin Gold Trend liegt. Das Projekt bietet zwei bedeutende Explorationsmöglichkeiten: ein low sulfidation bonanza-Venen-Goldsystem und eine Iron Oxide Copper Gold (IOCG)-Prospekt mit seltenen Erdmetallen.

Das Projekt verfügt über ein 5-6 Kilometer langes Quarzvenensystem mit Venen bis zu 30 Metern Dicke. Eine IP-Untersuchung von 2023 identifizierte Leitfähigkeitsanomalien, die Strukturen und Quarzveränderungen in der Tiefe nahelegen. Der IOCG-Prospekt zeigte eine 75 m lange exponierte Breccie, die erhöhte Werte von 15 Seltenen-Erden-Elementen enthält, darunter wertvolle Elemente, die in EV-Magneten und Elektronik verwendet werden.

Phenom Resources (OTCQX: PHNMF) استأنفت عمليات الحفر في مشروع Crescent Valley Gold في نيفادا، الواقع على بعد 22 كيلومترًا جنوب غرب كارلين على طول اتجاه ذهب كارلين. يوفر المشروع فرصتي استكشاف رئيسيتين: نظام جولد من النوع بنزا منخفض الكبريتيد وبيئة IOCG Iron Oxide Copper Gold مع عناصر الأرض النادرة.

يتميز المشروع بـ نظام عروق من الكوارتز بطول 5-6 كيلومترات وبعروق يصل عرضها إلى 30 مترًا. حدد مسح IP لعام 2023 شوائح توصيل تُشير إلى وجود هياكل وعروق كوارتز عند العمق. أظهرت احتمالية IOCG وجود هياكل breccia مكشوفة بطول 75 م تحتوي مستويات مرتفعة من 15 عنصراً من عناصر الأرض النادرة، بما فيها عناصر ثمينة مستخدمة في مغناطيسات المركبات الكهربائية والإلكترونيات.

Phenom Resources (OTCQX: PHNMF) 已在内华达州的 Crescent Valley Gold Project 重新展开钻探,该项目位于 Carlin Gold Trend 的西南约 22 公里处。该项目提供两大重要勘探机会:一个<低硫化的丰脉金矿系统,以及一个含稀土元素的 铁氧化物铜金(IOCG) 脚踏区。

该项目拥有一条长度为 5-6 公里的石英脉系统,脉宽可达 30 米。2023 年的 IP 探测显示出传导性异常,暗示深处存在构造和石英脉。IOCG 脚踏区显示为一个 暴露的75 米 Breccia,其中含有提高的 15 种稀土元素,包括在电动车磁铁和电子产品中使用的珍贵元素。

Positive
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Negative
  • No drilling results or resource estimates available yet
  • Early-stage exploration project with unproven economic potential

Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce that it has resumed drilling at the Company's Crescent Valley Gold Project, about 22 km (13 miles) southwest of Carlin, Nevada, strategically located along the southwest fringe of the Carlin Gold Trend within the prospective Northern Nevada Rift, Nevada.

Dave Mathewson, Company director and Geological Advisor states, "Crescent Valley Gold Project hosts two exceptional discovery opportunities for us, low sulfidation, bonanza-vein-type gold opportunities and an Iron oxide copper gold opportunity (IOCG) with appreciable rare earth metals. The two opportunities at Crescent Valley are both excellent and untested. Our enthusiasm remains high."

Dave Mathewson states, "There are a number of low sulfidation epithermal gold deposits in Nevada known for their very high grades in gold and silver including Goldfields, the famous Comstock Mine, Midas, Tuscarora, and Sleeper Mine. Comstock was so rich it served as an important funding contributor to the successful Union Army cause during the Civil War. Sleeper was a very high-grade gold mine discovered and mined by AMAX Gold. Midas and Tuscarora are also near to, and on the flank of the Carlin Trend. I have visited and studied many of these types of deposits in Nevada. Our Crescent Valley vein system has many characteristics of this deposit type."

At Crescent Valley, the 5-6-kilometre-plus-long large range-front-margin quartz vein system is accompanied with zone of multi-event, silica-healed, hydrothermal breccias. Multiple quartz veins individually, locally reach up to 30 metres thick. At and near surface, portions of the veins display repetitive banding, coarsely-bladed calcite, and quartz pseudomorphs of the calcite, within larger zones of phreatic-type brecciation that both typically represent above-boiling activity within zones of ascending hydrothermal fluids occurring above the prospective depositional levels of bonanza gold. In preparation for drilling, the Company conducted an extensive geophysical IP survey in 2023 which identified conductivity anomalies and breaks in chargeability anomalies, suggestive of structures and quartz veining at depth. One hole is planned in this setting.

IOCG's can be important and highly valuable concentrations of copper, gold and uranium deposits hosted within iron oxide and sulfide-bearing dominant gangue breccia assemblages also with appreciable rare earth metals. The Crescent Valley project property covers an intriguing IOCG setting that exhibits extensive magnetite veining/brecciation and rare earth elevations. On building the drill pad for this drill test, 75m of IOCG breccia was exposed and chip sampled. At least 15 of the rare earth elements were consistently elevated including neodymium, praseodymium, terbium, and dysprosium which are considered highly valuable due to their use in magnets for electric vehicles, wind turbines, and electronics. Hafnium, rubidium and scandium were particularly elevated. The Company's IP survey identified a strong funnel-shaped-configuration chargeability anomaly to depth that coincides with an existing very strong magnetic surficial anomaly now interpreted as the IOCG feeder and potentially where metal concentrations could be stronger. The suspected feeder will be tested in a second drillhole.

About Phenom Resources Corp.

Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom property (5-15km). The Company has options on three gold projects in Nevada, the King Solomon and Dobbin Properties which are Carlin Gold-type targets and the Crescent Valley Property.

ON BEHALF OF PHENOM RESOURCES CORP.

per: "Paul Cowley"
CEO & President
(604) 340-7711
pcowley@phenomresources.com www.phenomresources.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, a Qualified Person as defined by National Instrument 43-101, director and Geological Consultant of the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266603

FAQ

What are the two main discovery opportunities at Phenom's Crescent Valley Gold Project?

The project has two main opportunities: low sulfidation bonanza-vein-type gold deposits and an Iron Oxide Copper Gold (IOCG) system with rare earth metals.

Where is PHNMF's Crescent Valley Gold Project located?

The project is located 22 km (13 miles) southwest of Carlin, Nevada, along the southwest fringe of the Carlin Gold Trend within the Northern Nevada Rift.

What rare earth elements were found at PHNMF's Crescent Valley Project?

The project showed elevated levels of 15 rare earth elements, including neodymium, praseodymium, terbium, dysprosium, hafnium, rubidium, and scandium, which are valuable for EV magnets and electronics.

What did Phenom's 2023 geophysical IP survey reveal?

The survey identified conductivity anomalies and breaks in chargeability anomalies, suggesting structures and quartz veining at depth, plus a strong funnel-shaped chargeability anomaly coinciding with a magnetic anomaly interpreted as the IOCG feeder.

How extensive is the vein system at PHNMF's Crescent Valley Project?

The project features a 5-6-kilometer-long range-front-margin quartz vein system with individual veins reaching up to 30 metres in thickness.
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