# Phenom Resumes Drilling at Crescent Valley

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/phenom-resumes-drilling-at-crescent-valley--59a56588-b780-4fb1-9698-f233711b0def

Original source: https://money.tmx.com/en/quote/PHNM/news/7611589371140908/phenom-resumes-drilling-at-crescent-valley

Publisher: tmx

Original announcement: 2026-03-04T15:38:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Phenom Resources Corp.

- Ticker: PHNM

- Exchange: TSX

- Region: Nevada

- Primary commodity: Gold

- Secondary commodities: Rare earth, Critical metals

- Document categories: Drill results, Other

- Extracted: 2026-08-21 01:28:51 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Phenom Resources has resumed drilling at its Crescent Valley Gold Project in Nevada, targeting both a low-sulphidation epithermal gold system and a rare earth/critical metals deposit. The company has completed one angle hole, CVN26-05, to a depth of 506m, with assays pending.

Reasoning: The company is mobilizing a follow-up drilling campaign to test both an epithermal gold target and a rare earth/critical metals target, but no new grades were reported.

- Positive factor: Resumption of drilling campaign

- Positive factor: Discovery of rare earth and critical metals deposit

- Positive factor: Strategic location near Carlin Gold Trend

- Positive factor: Presence of quartz flooded zones

- Negative factor: No new assay results provided in this release

Facts used in scoring: 1

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: Technical disclosure was reviewed and approved by a Qualified Person \(Paul Cowley\).

Evidence · text

> Technical disclosure in this news release has been reviewed and approved by Paul Cowley, a Qualified Person

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### CVN26-05

[Link to this fact](https://atlas-staging.minestarters.com/news/phenom-resumes-drilling-at-crescent-valley--59a56588-b780-4fb1-9698-f233711b0def#fact-drill-facts-0)

Crescent Valley Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: CVN26-05
- Project: Crescent Valley Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: PHNM

#### Geometry

- From: 275 m
- To: 411 m
- Hole Depth: 506 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: CVN26-05:275-411
- Mining Method: underground

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-03-04T00:00:00.000Z

Reasoning: Hole completed to depth with significant quartz flooding, but no grades reported.

- Positive factor: Encountered large quartz flooded zone

- Negative factor: Assays not yet available

Evidence · text

> A large quartz flooded zone was encountered from 275m to 411m

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.