21:33:08 EDT Mon 27 Jul 2026
Enter Symbol
or Name
USA
CA



Phenom Resources Corp
Symbol PHNM
Shares Issued 136,835,004
Close 2026-07-27 C$ 0.405
Market Cap C$ 55,418,177
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Phenom Resources begins core drilling at Dobbin

2026-07-27 20:12 ET - News Release

Mr. Paul Cowley reports

PHENOM COMMENCES DRILLING AT DOBBIN GOLD PROJECT, NEVADA

Core drilling is now under way at Phenom Resources Corp.'s Dobbin gold project to test the strong 2.1-kilometre-long-and-200-metre-wide ((1.3-mile-long-and-660-foot-wide) northeast-trending gold-in-soil anomaly with large number of values between 0.1 gram per tonne (g/t) gold (Au) and up to 2.73 g/t Au (approximately 0.09 ounce per ton (oz/t). The project lies 85 miles south of Eureka in the Monitor Range, central Nevada.

Dave Mathewson, company director and geological adviser, states: "All of the Carlin-deposit-type ingredients are present at Dobbin for this regional-scale Carlin-type gold system: the lower-plate Paleozoic carbonate sequence, near-surface gold, a feeder structure, and typical alteration and pathfinder metals accompanying the gold. The soil anomaly is very impressive and, in my experience, is very reminiscent to the strength and size that of the historic soil anomaly over the original Carlin deposit in the Carlin trend."

Drill holes will not only test the lower-plate carbonate unit hosting the gold soil anomaly, but beyond, to test up to 1,200 feet (366 metres) of prospective lower-plate Paleozoic carbonate units lying above the Ordovician Eureka quartzite. Permissive carbonate host units below the Eureka formation may be assessed in the future.

The permit at Dobbin allows for up to 26 core holes (two holes per 13 drill sites) and up to 12 mechanical trenches (5,291 feet in total length). The intension of the long mechanical trenches is to provide for continuous surface chip sampling across the gold soil anomaly that would provide sampling similar to a horizontal drill holes.

About Phenom Resources Corp.

Phenom has a 100-per-cent interest in the Carlin gold-vanadium project, located in Elko county, six miles south from the town of Carlin, Nevada, and Highway I-80, which hosts the Carlin vanadium deposit, North America's largest highest-grade primary vanadium resource. The project lies within the prolific Carlin gold trend. Approximately nine million ounces comprise multiple gold deposits, including past-producing mines, are present near the Phenom property (five to 15 kilometres). The company has earned a 100-per-cent interest in the Crescent Valley property, which has a Bonanza high-grade gold vein type and a critical metals IOCG-type (iron oxide, copper and gold) target. The company has options on two other gold projects in Nevada, the King Solomon and Dobbin properties, which are Carlin-gold-type targets.

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