01:28 PM EST, 11/23/2021 (MT Newswires) -- Phenom Resources Corp. (PHNM.V) on Tuesday reported drilling results from eight reverse circulation holes evaluating the gold system on its flagship Carlin Gold-Vanadium Project on the Carlin Gold Trend in Nevada.
The company's shares fell 5.7% on last look on Tuesday.
The drilling confirmed that the gold system is immense, tracking at least 6.4 kilometers in length, averaging 0.5 to 1 km wide, defined by the IP anomaly and favorable geological rock units with favorable alteration, brecciation, sulfide, gold, and pathfinder metals.
Each drill hole encountered extensive lengths of elevated gold intercepts, the company added.
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