# Phenom Validates the Low Sulphidation Epithermal Gold Target at Crescent Valley

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/phenom-validates-the-low-sulphidation-epithermal-gold-target-at-crescent-valley--9ad3eb65-4018-40e5-b9b5-29479750f163

Original source: https://money.tmx.com/en/quote/PHNM/news/7062807724731881/phenom-validates-the-low-sulphidation-epithermal-gold-target-at-crescent-valley

Publisher: tmx

Original announcement: 2026-01-22T14:00:00.000Z

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: None reported

- Document categories: Drill results, Other

- Extracted: 2026-08-21 02:56:00 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Phenom Resources has reported drill results from hole CVN25-03 at the Crescent Valley Gold Project, validating a low sulphidation epithermal gold model. The results show increased quartz veining thickness and evidence of boiling, supporting further step-out drilling.

Reasoning: The drilling validates the geological model and shows increased mineralization volume and boiling indicators, though specific high-grade intercepts were not quantified in the text.

- Positive factor: Validation of epithermal gold model

- Positive factor: Increased quartz veining thickness

- Positive factor: Identification of boiling zone indicators

- Positive factor: Step-out potential demonstrated

- Negative factor: Grades described as low grade

Facts used in scoring: 2

## 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: Release mentions ALS Global analysis, QAQC sample inserts, and QP sign-off.

Evidence · text

> Company QAQC sample inserts were included.

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Drilling shows promise stepping westward and deeper than previous holes.

Evidence · text

> stepping westward and deeper than the previous drill holes shows promise.

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Drill Results (2)

### CVN25-03

[Link to this fact](https://atlas-staging.minestarters.com/news/phenom-validates-the-low-sulphidation-epithermal-gold-target-at-crescent-valley--9ad3eb65-4018-40e5-b9b5-29479750f163#fact-drill-facts-0)

Crescent Valley Gold Project · gold

#### Identity

- Hole ID: CVN25-03
- Project: Crescent Valley Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: PHNM

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Global
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-01-22T00:00:00.000Z

Reasoning: The hole validates the epithermal model with increased gold presence, though specific grades are noted as low.

- Positive factor: Validation of target model

- Positive factor: Increased gold presence

- Negative factor: Low grade

Evidence · text

> There is a dramatic increase in gold presence with over half of the hole reporting elevated gold values

### CVN24-03

[Link to this fact](https://atlas-staging.minestarters.com/news/phenom-validates-the-low-sulphidation-epithermal-gold-target-at-crescent-valley--9ad3eb65-4018-40e5-b9b5-29479750f163#fact-drill-facts-1)

Crescent Valley Gold Project

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: CVN24-03
- Project: Crescent Valley Gold Project
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: PHNM

#### Geometry

- Hole Depth: 426.72 m

#### Location

- Easting: 563103
- Northing: 4484245
- Azimuth: 90 °
- Dip: -60 °
- Loc. Confidence: high

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-01-22T00:00:00.000Z

Reasoning: Collar information provided in table.

Evidence · table

> 426.72

Context: 563103

## 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.