Vancouver-based Phenom Resources has announced the drilling results from eight reverse circulation holes evaluating the gold system on the company’s flagship Carlin gold-vanadium project in Nevada, the U.S.
“Drilling confirms that the gold system is immense, tracking at least 6.4 kilometres (4 mile) in length, averaging 0.5-1 kilometre (0.3-0.6 miles) wide, defined by the IP anomaly and favourable geological rock units with favourable alteration, brecciation, sulfide, gold and pathfinder metals,” the Canadian company said in a statement.
“Extensive intercepts averaging 0.5 kilometre long of continuous elevated gold values have been encountered in every hole, indicating a vast amount of rock has been impregnated with gold,” according to the statement.
Phenom Resources, which previously operated under the name of First Vanadium Corp., is listed on Canada’s TSX Venture Exchange.