Fenix Gold Inc. ("Fenix") is a Toronto based company formed in 2019, evaluating, acquiring and exploring gold properties in Colombia. Fenix owns the rights to the Abriaqui project, approximately 100km NW of Medellin. Gold mineralization was discovered within the Abriaqui Project property area prior to the arrival of the Spanish in the 17th century, and intermittent mining has occurred to the present day. Abriaqui is the closest project to Continental Gold's Buritica project (currently 11 million oz) recently acquired for $1.4 billion.

In 2018 Fenix's 100% owned Colombian subsidiary began acquiring exploration claims that make up the Abriaqui project.

Abriaqui currently consists of a contiguous block of three concessions and one application covering an area of 547.241 ha.

FenixOro Gold Corp. (FENX: CNX)


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FenixOro Gold Corp (CSE:FENX,OTCQB:FDVXF,FWB:8FD) is a resource exploration company focused on developing the Abriaqui gold project located in the Upper Miocene Belt of Colombia. The area is renowned for its gold resources, including Continental Gold's Buritica gold mine, which hosts measured and indicated mineral reserves of 5.58 million gold equivalent ounces in addition to 6.24 million gold equivalent ounces in the inferred category. Continental Gold was acquired by Zijin Mining Group Co. for C$1.4 billion in March 2020.

Moving forward, FenixOro is working towards securing the final permits for a 6,000 meter diamond drill program designed to explore the main area of vein development across the western part of the project. The company received its drilling permit for the Abriaqui project in September 2020. FenixOro has been declared an essential business by the local community and has received an exemption from COVID lockdown restrictions, allowing the exploration program to remain operating under certain protocols.

FenixOro's Company Highlights

  • Developing the Abriaqui project located in the Upper Miocene Belt of Colombia
  • Upper Miocene is 150 km northwest of Medellin, home to 80 million ounces of gold discovered in the area since 2007
  • Abriaqui is the closest project to Continental's Buritica gold mine, located only 15 km away
  • Over 15 percent of vein samples at Abriaqui have returned assays of greater than 20 g/t gold
  • Extensive US$2.9 million exploration program began in 2020 including expanded ground magnetometry with 3D modeling, soil sampling, alternation mapping and channel sampling
  • Received drilling permit for the Abriaqui project in September 2020
  • In October 2020, discovered new targets in the southern block of the Abriaqui project

FenixOro's Abriaqui Project

FenixOro's Abriaqui project is located in the Upper Miocene belt of Colombia, approximately 150 kilometers northwest of Medellin. The Upper Miocene region is home to approximately 80 million ounces of new gold discoveries made since 2007. The Abriaqui project shares geological similarities with and is the closest to Continental Gold's Buritica mine, which is located only 15 kilometers away.

The entire Abriaqui property has been mapped, with veins and stockwork areas sampled and assayed for multiple elements. Over 300 samples have been taken from the veins, 15 percent of which have returned grades in excess of 20 g/t gold. Significant anomalies of copper and silver have also been found on the property. FenixOro believes the Abriaqui project has significant exploration potential for several mineralization types. Veins on the property outcrop over 800 vertical meters with high-grade gold and no significant changes in sulfide mineralogy or metal ratios throughout the zone. Exploration on the Abriaqui project is being led by FenixOro VP of Exploration Stuart Moller, who originally discovered the Buritica gold mine for Continental Gold. In March 2020, Zijin Mining Group Co. acquired Continental Gold for C$1.4 billion. Zijin intends to put the Buritica mine into production in 2020, with the hopes that the mine is capable of producing approximately 250,000 ounces of gold per year.

Exploration Program FenixOro has begun an extensive fully funded US$2.9 million exploration program in 2020, including expanded ground magnetometry with 3D modeling, soil sampling, alternation mapping and channel sampling. In September 2020, the company officially received authorization and launched the drilling program at the Abriaqui project. Phase 1 of the program includes 4,500 meters of the budgeted and fully funded 6,000 meters of the initial program, and aims to test the sequence of mesothermal veins and geophysical anomalies in the northwestern part of the project. The Abriaqui Project sits in a highly prolific belt where gold deposits have been actively discovered over the last 10 years. Drilling of the project aims to test a range of Buritica style families, including sub-vertical, high grade and mesothermal veins in the northwest and east west trending corridors of up to 400 meters wide and 1,200 meters long. In October 2020, the company discovered additional targets in the southern block of the project. The latest discovery target is 1,200 meters from where drilling is already taking place and increases the total known mineralization to an area of 2.5 km by 1 km. Additionally, the target is situated at an elevation of 500 meters higher than where drilling is currently taking place.

FenixOro's Management Team

Mr. Moller has 40 years' experience in international mineral exploration. Stuart has held senior roles with...

Mr. Mitchell has over 30 years of experience in the Canadian finance industry, having been employed by a number of intermediate...

Mr. Mitchell has over 30 years of experience in the Canadian finance industry, having been employed by a number of intermediate...

*Disclaimer: This profile is sponsored by FenixOro Gold Corp (CSE:FENX,OTCQB:FDVXF,FWB:8FD). This profile provides information which was sourced by the Investing News Network (INN) and approved by FenixOro, in order to help investors learn more about the company. FenixOro is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with FenixOro and seek advice from a qualified investment advisor.