Phenom Reports First Gold Assays from Bedrock Sampling from the Dobbin Gold Soil Anomaly
MWN-AI** Summary
Phenom Resources Corp. has announced the initial results of gold assays from bedrock sampling at its Dobbin Gold Project in British Columbia. The company has identified a significant gold soil anomaly extending over 2.1 kilometers by 200 meters, prompting the need for further exploration. During the permitting phase for its first drilling program, Phenom conducted fieldwork by hand-digging seven shallow trenches in late June to expose bedrock and assess mineralization characteristics.
Assay results from three of these trenches revealed promising gold grades typical of a Carlin gold system. Notable highlights include: an average of 0.545 g/t Au across 16 meters from one trench; high-grade intervals from another trench with samples of 10.35 g/t Au and 2.11 g/t Au, each over 2 meters; and an average of 0.274 g/t Au over 24 meters from a third trench. The trenches, which ranged from 13 to 26 meters in length, were strategically placed along the soil anomaly to confirm and understand the grade continuity of gold values in bedrock.
Company representatives expressed satisfaction with the preliminary results, indicating significant continuity and promising gold grades in their sampling efforts. Paul Cowley, President and CEO, emphasized the importance of these findings while acknowledging shareholders' patience as the company moves forward with its drilling plans. Additional trenching is expected given the thin soil cover and the encouraging assay results.
Overall, Phenom Resources appears well-positioned to further investigate the mineral potential of its Dobbin Gold Project, which is part of a region known for its rich gold deposits and Carlin-type mineralization. The company awaits further assay results from the remaining trenches, which will provide more data to support their exploration strategy.
MWN-AI** Analysis
Phenom Resources Corp. (TSXV: PHNM) recently released its first gold assay results from its Dobbin Gold Project, which provide promising insights amid its ongoing permitting for a drilling program. The report stems from recent bedrock sampling across the extensive soil anomaly, revealing consistently strong gold values characteristic of a Carlin-type gold system.
With a significant average grade of 0.545 g/t Au across a trench length of 16 meters and high-grade intervals peaking at 10.35 g/t Au over 2 meters, these findings amplify confidence in the mineral potential of Dobbin. The lack of substantial soil cover, averaging only 0.5 - 0.75 meters, further enhances the viability for accessible exploration and future drilling.
Market sentiment towards Phenom should be cautiously optimistic. The results not only validate the gold anomaly but also indicate a substantial gold mineralization system, warranting further exploration. Given the proximity of other major deposits along the prolific Carlin Gold Trend, the potential for discovery escalates.
As of now, Phenom has laid a strong groundwork with these initial assays; however, investors should be aware of possible volatility due to pending regulatory approvals and the outcomes of subsequent drilling campaigns. The success of upcoming trench extensions and the outcome of additional assays could significantly impact the company's stock value.
For investors, the key advice would be to monitor upcoming results closely and consider averaging into positions with a medium-term timeline. Maintaining a diversified portfolio will also mitigate risk as market conditions can fluctuate based on broader economic indicators and gold pricing. Overall, Phenom stands in a strong position but should be approached with a measured outlook as the exploration narrative unfolds.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2025) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to report for the first time gold assays from chip sampling of mineralized bedrock within the +2.1 kilometres long (1.3 miles) and 200 meters (660 feet) wide gold soil anomaly on its Dobbin Gold Project. While diligently advancing the permitting process for the first phase drill program, the company felt compelled to conduct field work to locally expose bedrock and initially characterize grade and continuity for parts of the mineralized system, given the robust nature of the anomaly. Thus, in late June, the company hand-dug seven shallow trenches which successfully exposed bedrock and delivered characteristic gold grades and continuity of a Carlin gold system. Management is pleased to report that a great deal of data was obtained. Assay results are available from three of the seven trenches.
Key takeaways are:
1) Consistently strong gold values with local high-grade intervals, typical of a Carlin gold system
2) Consistently strong gold values averaging 0.545g/t Au (0.02 opt) across 16 metres from one trench
3) Two consecutive high-grade samples of 10.35 g/t Au (0.37 opt) and 2.11 g/t Au (0.07 opt), each 2 metres long from a second trench
4) Consistently strong gold values averaging 0.274 g/t Au (0.01 opt) across 24 metres from the third trench
5) Very thin soil cover over bedrock, typically only 0.5 - 0.75 metres (1.5 - 2.5 feet) thick
"This is the first glimpse into the character of mineralization (potential consistency and grade tenor) associated with the large gold soil anomaly with very encouraging results even with this small sampling of a large system," states Dave Mathewson, director and Geological Consultant to the Company.
Because the large soil anomaly is defined by samples taken on 25 metre spacing, the trench sampling provides a considerable elevation in confidence, relying on a series of continuous 2-metre-long individual bedrock chip samples below soil cover. The seven initial hand-dug trenches ranged in length from 13 metres to 26 metres and were oriented perpendicular to the trend of the soil anomaly and centered over selected elevated gold soil sample sites with the objective of reproducing gold values in bedrock and determining the degree of grade continuity between soil sample sites. The seven trenches are well distributed along a 550-metre length of the gold soil anomaly. The three trenches reported here are spaced along a 150-metre length of the anomaly. Individual chip sample lengths of 2-metres consistently returned anomalous gold values from sample to sample along the trenches.
Paul Cowley, President, CEO and director of the Company states, "While I genuinely appreciate our loyal shareholders patience while awaiting permitting to drill, the hand trenching is our best efforts in the meantime to gain hard data on the system and the results have been very informative. Further hand trenching is expected now we know the soil cover is so thin and gold values are appreciable."
Table of Trench Highlights
| Trench ID | Length (m) | Length (ft) | Averaged grade (g/t Au) | Lowest Individual Sample (g/t Au) | Highest Individual Sample (g/t Au) |
| DTR-05 | 2.0 | 6.56 | 10.35 | ||
| DTR-05 | 2.0 | 6.56 | 2.11 | ||
| DTR-06 | 16.0 | 59.06 | 0.545 | 0.448 | 0.628 |
| DTR-07 | 24.0 | 78.74 | 0.274 | 0.208 | 0.443 |
There are several noteworthy details with respect to these results. The NW end of trench DTR-05 ended with the two high-grade gold samples (4m @ 6.34 g/t) and the last sample at the SE end returned 2m of 0.412 g/t Au. Between these samples was a 20m section of 0.07 g/t Au.
Both ends of both trenches DTR-06 and DTR-07 ended in mineralization ranging from 0.208 to 0.598 g/t Au.
Results for the remaining four hand-dug trenches will be reported once available. The Company plans to extend the lengths of the first three trenches.
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 additional gold projects in Nevada: the King Solomon and Dobbin Properties which are Carlin Gold-type targets and the Crescent Valley Property, a Bonanza-type high grade gold vein target.
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 Paul Cowley, a Qualified Person as defined by National Instrument 43-101, director, President and CEO to 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/260456
FAQ**
How does the gold assay data from Phenom Resources Corp. PHNM:CC's Dobbin Gold Project compare to other mining projects in Vancouver regarding gold potential and investor interest?
What impact could the results of the hand-dug trenches from Phenom Resources Corp. PHNM:CC have on future mining operations and investments in the Vancouver area?
How does the permitting process for Phenom Resources Corp. PHNM:CC's drilling program at the Dobbin Gold Project influence the overall attractiveness of Vancouver for mining investment?
In light of recent findings by Phenom Resources Corp. PHNM:CC, how are stakeholders in Vancouver's mining sector adapting their investment strategies?
**MWN-AI FAQ is based on asking OpenAI questions about Phenom Resources Corp. (TSXVC: PHNM:CC).
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