Phenom Validates the Low Sulphidation Epithermal Gold Target at Crescent Valley
Original announcement by tmx on
- Company
- Phenom Resources Corp.
- Ticker
- PHNM
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results
- Extracted
- 2026-09-12 18:54:43 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Phenom Resources Corp. has reported drill results from hole CVN25-03 at the Crescent Valley Gold Project, validating a low sulphidation epithermal gold model. The hole showed increased quartz veining and evidence of boiling, though the gold grades are described as low.
Reasoning: The drilling validates the geological model and identifies boiling zones, though specific high-grade intercepts were not quantified in the text.
Positive factors
- validation of epithermal model
- increased quartz veining thickness
- presence of pathfinder minerals (adularia, alunite)
- boiling zone identified
Negative factors
- grades described as low grade
Facts used in scoring: 2
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions company QAQC sample inserts and analysis by ALS Global.
Evidence · text
“Company QAQC sample inserts were included.”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: Project is located along the southwest fringe of the Carlin Gold Trend.
Evidence · text
“strategically located along the southwest fringe of the Carlin Gold Trend”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
CVN25-03It was very important to establish depths of boiling in this 5-6-kiometre long quartz veinView all detailsHide details
Identity
- Hole ID
- CVN25-03
- Project
- It was very important to establish depths of boiling in this 5-6-kiometre long quartz vein
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- PHNM
Classification
- Deposit Type
- epithermal
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
Location
- Loc. Confidence
- medium
QA/QC
- Laboratory
- ALS Global
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-22T00:00:00.000Z
Reasoning: The hole validates the target model and shows increased gold presence, but specific assay values are not provided in the text.
Positive factors
- model validation
- boiling zone identified
Negative factors
- low grade
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CVN24-03Crescent ValleyHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CVN24-03
- Project
- Crescent Valley
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- PHNM
Geometry
- Hole Depth
- 426.72 m
Classification
- Sample Type
- drill
Location
- Easting
- 563103
- Northing
- 4484245
- Azimuth
- 90 °
- Dip
- -60 °
- Loc. Confidence
- high
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2024-01-01T00:00:00.000Z
Dates
- Event date
- 2026-01-22T00:00:00.000Z
Reasoning: Collar information provided in table.
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.