Toronto, May 18, 2022 (Globe Newswire) – FenixOro Gold Corp (CSE: FENX, OTCQB: FDVXF, Frankfurt: 8FD) It is pleased to announce that it has enhanced its webinar capabilities today and provided an updated link below. The webinar will provide investors with a corporate update and a general overview of the success that the company has had in its Phase 2 drilling program. The meeting will be hosted by Phoenixoro CEO John Carleso and VP Exploration Stuart Moeller.
When: May 18, 2022 12:00 PM East Daylight Time
Subject: Phoenixoro Investor Webinar May 18, 2022
Register in advance for this webinar: https://us06web.zoom.us/webinar/register/WN_izFwpJY_QCilBTSybBqBaA
After registering, you will receive a confirmation email with webinar joining information.
About FenixOro Gold Corp.
FenixOro Gold Corp is a Canadian company focused on acquiring and exploring gold projects with the potential for world-class exploration in Colombia’s largest gold-producing region. FenixOro’s flagship property, the Abriaqui project, is located 15 kilometers west of the continental gold Buritika project in the state of Antioch at the northern end of the Mid-Cauca Gold Belt, a geological trend that has seen multiple major gold discoveries, including Buritika in the last 10 years. And Nuevo Chakiro and La Colosa in Anglo Gold.
As recorded in the “NI 43-101 Abriaki Project Antioquia State, Colombia Technical Report” (December 5, 2019), the geological features of Abriaki and Buritika are similar. The report also found samples of high gold grades in Abriaki, where more than 20 g / t of gold was sampled from 20 veins. Grade, “Buritica style” gold deposit. A Phase 2 drilling program has recently begun.
Stuart Moeller, VP of PhoenixOro Investigations, led Buritica’s discovery team for the Continental Gold in 2007-2011. At the time of its latest public report, the Buritika mine contained 5.32 million ounces of gold (16.02 megaton grading 10.32 g / t) and a 6.02 million ounce estimated reserve (21.87 Mt grading 8.56 g / t) measured plus indicated assets. Total gold reserves of 11.34 million ounces. Buritica began official production in November 2020 and expects an average annual production of 250,000 ounces at a universal sustainable cost of approximately US $ 600 per ounce. Asset, cost and production data are taken from Continental Gold’s “NI 43-101 Buritica Minerals”
Resource 2019-01, Antioch, Colombia ”(March 18, 2019). Continental Gold was recently the subject of an acquisition by Jizin Mining in an all-cash transaction valued at C $ 1.4 billion.
This news release contains some far-sighted information. All statements contained herein, with the exception of statements of historical fact, contained the expected information and various risks and uncertainties in such information. There can be no guarantee that such information will prove to be accurate, and actual results and future events may differ materially from those expected in such information. In particular, this news release contains information on the possible economic significance of the drill results in the Abriaki project, the potential of the resources derived from that data set, and the underlying estimates of the future economic viability of gold grades and vein thickness. There can be no guarantee that the report will prove such information to be accurate, and actual results and future events may differ materially from those expected in such information. While FenixOro has no reason to believe otherwise, there is no guarantee that the planned drill program will be completed due to uncertainties regarding future project financing and future environmental permits. Although FenixOro has tried to identify important factors that may make the actual results materially different from the information contained in the front page, there may be additional factors that make the results not as expected, conjectured, or intended. Accordingly, readers should not unnecessarily rely on forward-looking information.
Phoenixoro Gold Corporation
John Carleso, CEO
Email: [email protected]