Phenom Advances Prolific Nevada Projects with Venerated Geologist

Authored by Lemuel Daher


It’s time to be looking at Gold. It’s time to be watching it closely.

Gold is on the precipice of a major surge. Make no mistake, we’re in the calm before the storm. 2024 saw a huge amount of activity from the mineral, most especially as an uncertainty hedge. And, yes, Gold grew a little less volatile in August… but that only indicates to us that it’s about to make up for lost time.

And as we move very rapidly toward possible all-time highs next year… it’s just good sense to firmly hitch your horse to the right wagon.

Enter Phenom Resources.

Phenom’s projects are perfectly placed in the top mining jurisdiction in the United States: Nevada’s Carlin Gold Trend. That’s right: the Carlin, Dobbin, King Solomon, and Crescent Valley Gold projects are all large, promising Carlin-type gold systems.

But the proof is in the pudding: at the Dobbin Gold Project, Phenom has already identified a strong 900-metre-long by 220-metre-wide gold in soils anomaly with a large number of values between >0.1 g/t Au up to 2.73 g/t Au on 80 kilometres.

And at the King Solomon Gold Project, eleven historic drill holes have recently been released by the company to highlight the shallow, attractive, and consistent grades and thicknesses in the drill intercepts.

But Phenom’s projects being high-quality, electrifying land packages shouldn’t come as a surprise. After all, they were all handpicked by Dave Mathewson — a renowned and accomplished Nevada gold-mine finder.

This is significant, folks. Dave Mathewson isn’t just an authority on the Carlin Gold Trend… he may well be the authority.

Dave is an exploration geologist with over fifty years of exploration experience and training. Of those fifty years, forty were spent managing gold explorations in Nevada where Dave was directly responsible for many gold deposit discoveries.

Mr. Mathewson was assigned to Newmont’s Rain district in the early 90s to evaluate the area. At the time most Newmont geologists considered the district to be thoroughly explored, overly drilled, and undersized. But under Dave Mathewson’s oversight — Newmont’s land position went from 15 square miles to 35 square miles and several major gold deposits were discovered.

While at Newmont, Mathewson led the team which discovered the Tess, Northwest Rain, Saddle, and South Emigrant gold deposits in the Rain District, all together totaling over 4 million ounces of gold. Mathewson also oversaw drilling in the Gold Quarry Deep Sulfide Feeder zone, achieving over a thousand feet of ore grade mineralization.

And it may well have been the best hole ever drilled in the deposit.   

Mr. Mathewson was also a founder of Gold Standard Ventures Corp in 2009 and served as its Vice President of Exploration. This period saw the discovery of the North Bullion gold, Bald Mountain Gold and Copper, Sylvania Silver and Copper deposits.

Also note that Gold Standard Ventures is situated just five kilometres away from Phenom Resources… and GSV reached a market cap of $1 Billion as a result of the gold deposits Mathewson personally located and acquired.

Suffice to say, Phenom is thrilled to have Dave Mathewson on board as its Director and Geological Advisor, not in the least because he has discovered over five million ounces of Gold within 10km of Phenom’s property. 

And Mathewson is equally effusive about Phenom’s prospects. The King Solomon Gold Project, for instance, was recently optioned by the company as it has excellent potential for significant Carlin-type gold deposits at King Solomon, according to Mathewson. 

In fact, the drilling that has been conducted to date shows that the ‘Carlin-replacement-style’ mineralization and intercepts have already approached desirable gold grades.

And while previous explorers do not appear to have understood the full significance of King Solomon’s gold model, Mathewson does. 

The historic drilling was, by and large, limited to shallow tests of 90m to 122m deep, but Mathewson thinks the significant near surface gold intercepts within Tertiary volcanics suggest a bigger potential within the underlying carbonate package.

Additionally, the presence of permissive host rocks, Carlin-style epithermal-style alteration, and promising geochemistry have all led Mr. Mathewson to believe in the existence of one or more gold deposits present at King Solomon.

…and we’re inclined to believe him.

This extends to Mathewson’s thoughts on Phenom’s Dobbin Gold Project. Mathewson notes that the size and strength of Dobbin’s surface gold soil anomaly is rarely found in Nevada and is as good as it gets.

And he doesn’t make this claim without good reason: this particular prospect was actually first identified and staked by Mathewson himself in 1989-1990.

Mathewson was in the employ of Newmont Exploration at the time and was unable to advance the project because, shortly after its discovery, the US Federal government imposed a Federal Wilderness Study Area — effectively cutting off his access.  

And now, in a serendipitous turn of fate, the anomaly has resurfaced and has landed back in Mr. Mathewson’s more-than-capable hands!

As there is a precedent of anomalies similar to Dobbin leading to further gold discoveries and even producing gold deposits… Phenom Resources has staked additional claims to increase the size of the Dobbin Property.

There has also been zero prior drilling in this area, so Phenom Resources is essentially pioneering work at a significant discovery indication event.

To Mathewson, Phenom’s Crescent Valley Project is another bona fide success in the making. As far as he is aware, it represents the largest quartz vein system in Nevada. What’s more, its setting is remarkably similar to another high-grade gold deposit in Humboldt County, Nevada called the SLEEPER Mine…

…and this mine was considered the lowest-cost producer in the world in 1988.

Finally, Dave Mathewson has interpreted a Carlin-style high-grade gold target at depth on the Carlin Gold-Vanadium Project.

On top of the property having exceptional infrastructural advantages, Mr. Mathewson has outlined a 9-mile-long north-south structure that sub-parallels the Bullion Fault. This fault has strong ties to the gold deposits on the nearby Gold Standard Ventures property.

The Carlin Gold-Vanadium deposit also happens to be North America’s largest and highest-grade primary vanadium resource!

The indicated resource is 303 million lbs V2O5 (24.64M tons @ 0.615% V2O5), and the inferred resource is 75M lbs V2O5. What’s more, this sizable deposit is near-surface and amenable to open pit mining. (Disclosure provided in news release February 27th 2019.)

And if you’re unfamiliar with vanadium, just know that it is a critical mineral best suited to serve the stationary battery market… a market which is predicted to grow between 10 and 30x by the end of the decade.

A vanadium electrolyte is reusable, recyclable, holds a deeper charge, and is now cheaper than lithium. Because of this, there has been a recent and major shift toward vanadium.

So, is it any surprise that the US wants to be a leader in this developmental shift?

Or that Phenom Resources intends to leverage its strategic PEA level vanadium resource to become the leading United States supplier of vanadium to the emerging US large energy storage market?

One of the most interesting things about Phenom Resources is that it offers two commodity opportunities for success… if you get involved with Phenom, you stand to benefit from a legitimate opportunity to discover a Carlin-style high-grade deposit, as well as from a critical mineral that is poised to double the size of the EV market in ten years.

And on top of having a Carlin-type gold system that was discovered right underneath the largest and highest-grade primary vanadium resource in North America… lest we forget, Phenom also has tried-and-tested geologist Dave Mathewson at the helm.

All this to say: Just like gold, Phenom Resources is about to move in a big way.


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