Noble Capital Markets Launches Positive Research Coverage Recommendation and Price Target | Your money
TORONTO, Sep 13, 2021 (GLOBE NEWSWIRE) – FenixOro Gold Corp (CSE: FENX) (OTCQB: FDVXF) (Frankfurt: 8FD) is pleased to announce that Noble Capital Markets, a leading US investment bank specializing in small-cap companies, has launched research coverage on the Company.
The report by Mark Reichman, analyst at Noble Capital Markets, is available on the Noble research platform at https://www.channelchek.com/company/FDVXF/research-report/2849%3Fpassword%3DNoble1. About FenixOro Gold Corp.
FenixOro Gold Corp is a Canadian company focused on the acquisition and exploration of gold projects with world-class exploration potential in the most prolific gold-producing regions of Colombia. FenixOro’s flagship property, the Abriaqui project, is the closest project to Continental Gold’s Buritica project. It is located 15 km west in the state of Antioquia at the northern end of the Mid-Cauca gold belt, a geological trend that has seen several major gold discoveries over the past 10 years, notably Buritica and Anglo Gold in Nuevo Chaquiro and La Colosa. As documented in the “NI 43-101 Technical Report on the Abriaqui Project, State of Antioquia, Colombia” (December 5, 2019), the geological characteristics of Abriaqui and Buritica are similar. Since the preparation of this report, a Phase 1 drilling program has been completed at Abriaqui, resulting in a significant discovery of a high grade “Buritica style” gold deposit. A phase 2 drilling program has recently started.
FenixOro’s vice president of exploration, Stuart Moller, led the discovery team at Buritica for Continental Gold in 2007-2011. At the time of its last public report, the Buritica mine contains a measured and indicated resource of 5.32 million ounces of gold (16.02 Mt grading 10.32 g / t) plus an inferred resource of 6 .02 million ounces (21.87 Mt grading 8.56 g / t) for a total of 11.34 million ounces of gold resources Buritica began formal production in November 2020 and expects production annual average of 250,000 ounces at an all-inclusive sustaining cost of approximately US $ 600 per ounce. Resource, cost, and production data are taken from Continental Gold’s “NI 43-101 Buritica Mineral Resource 2019-01, Antioquia, Colombia, March 18, 2019”. Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C $ 1.4 billion.
FenixOro Gold Corp
John Carlesso, CEO
E-mail: [email protected]
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