Phenom Resources Drills 0.48% V2O5 Over 22.86 Metres At Carlin, Nevada

Phenom Resources Corp. [TSXV-PHNM; OTCQX-PHNMF; FSE-1PY] reported results from the reverse circulation drill holes RC23-17 and RC23-18 both planned as a 2,000-foot-depth test of the gold system at the Carlin gold-vanadium project in the Carlin gold trend of Nevada. RC23-17 was abandoned at 500 feet due to difficult rock conditions. RC23-18 was drilled to a depth of 1,900 feet. The two holes were collared 90 metres apart, both near vertical tests and encountered a near-surface mineralized vanadium zone.

Hole RC23-17 encountered the 22.86 metres (75 feet) vanadium unit starting at a depth of 74.68 metres (245 feet) and returned an average grade of 0.48% V2O5 hole RC23-18 encountered the 15.24 metres (50 feet) vanadium unit starting at a depth of 3.05 metres (10 feet) and returned an average grade of 0.41% V2O5. True thicknesses of the two intercepts are not known. The nearest neighbour holes to RC23-17 and RC23-18 were R-128 and DDH-4 each about 90 metres away and encountered 13.7 metres (44 feet) at 0.51% V2O5 and 7.0 metres (22 feet) at 0.91% V2O5, respectively.

These intercepts are now the southernmost drill holes through the vanadium deposit, resulting in extending the deposit a further 90 metres (295 feet). The vanadium deposit still remains open southward, westward and northwestward for further expansion.

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