Extension Of The Dobbin Gold System With Continued Sampling And Results

VANCOUVER - Phenom Resources Corp. reported that new soil sampling results, with previously reported soil results, and geologic mapping together have further defined a mineral system characteristic of a Carlin-type gold deposit. The system anomaly is now at least 2.1 kilometres long (1.3 miles) and 200 meters (660 feet) or more, wide.

Dave Mathewson, Director and Geological Advisor said, "This is a sizable significant Carlin-style gold system that has potential of multiple associated gold deposits and in my view represents one of the best undrilled gold prospects in Nevada, if not the best."

The recently completed soil sampling program focused on a 600m x 200m (1980 ft x 660 ft) area with the objective of extending the length of gold system to the southwest from previous sampling. The new soil and mapping results successfully demonstrated continuity of the gold system for an impressive +2.1 km long and the "strength and quality of system" by virtue of the strength of values and persistent distribution of gold and associated pathfinder elements. Highlights of the entire system to date follow.

Arsenic and zinc are the strongest continuous pathfinder elements along the entire 2.1km trend, accompanied by more localized anomalous values of mercury, antimony and thallium. This assemblage of gold with pathfinder elements is indicative of Carlin gold systems. Within and along the 2.1km trend are four sizeable higher concentrated arsenic-zinc zones or plumes. It is important to note that arsenic is the single most important associated pathfinder to gold in prolific Carlin-type gold systems.

Robust gold values in soils persist for 1.3km along the trend suggesting strong gold-bearing parts of the system are at surface in this area. Further to the southwest for 800m, gold is still present in lower but important values as two linears, expressing leakage from below and along the outer edges of the 200m wide system. Elevated arsenic-zinc zones usually form a wider halo around gold cores, which in this segment of the system suggests stronger gold mineralization to be present at depth. Phenom plans additional mapping and rock chip sampling to further refine the structural and stratigraphic setting.