Antioquia State

FenixOro Closes First Tranche of Private Placement Gross Proceeds of $369,000 To Continue Drilling of Southern Block

Retrieved on: 
Tuesday, July 5, 2022
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TORONTO, July 05, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp. (CSE: FENX; OTCQB: FDVXF; Frankfurt: 8FD) (the “Company”) is pleased to announce that it has closed the first tranche of its non-brokered private placement (the "Private Placement"), previously announced on June 15, 2022. The Company has issued a total 2,050,000 Units ("Units") at a subscription price of $0.18 per Unit for gross proceeds of $369,000 in this first tranche. Each Unit consists of one common share of the Company and one common share purchase warrant, with each warrant being exercisable for one additional common share at an exercise price of $0.23 for a period of two years from their date of issuance.

Key Points: 
  • The Company has issued a total 2,050,000 Units ("Units") at a subscription price of $0.18 per Unit for gross proceeds of $369,000 in this first tranche.
  • Directors and officers of the Company acquired 800,000 Units pursuant to Private Placement, for aggregate gross proceeds of $144,000.
  • The Company intends to complete a second tranche closing of the Private Placement in the coming weeks for anticipated additional gross proceeds of up to $2.6 million.
  • Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.

FenixOro Gold Corp Announces Private Placement Financing

Retrieved on: 
Wednesday, June 15, 2022
Zijin Mining, Private placement life insurance, Gold, Phrase, Technical report, Continental, Company, Director, Private Securities Litigation Reform Act, Account manager, CSE, Canadian Securities Exchange, Exercise, Private, Program, Unit, News, Nature, Mineral, Legislation, Board of directors, Silver, Private placement, GLOBE, Security (finance), Mining, Antioquia State

TORONTO, June 15, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp. (CSE: FENX; OTCQB: FDVXF; Frankfurt: 8FD) is pleased to announce a non-brokered private placement (the "Private Placement") consisting of ("Units") at a price of $0.18 per Unit for anticipated gross proceeds of between $2 million and $3 million. Each Unit will consist of one common share of the Company and one whole common share purchase warrant, with each warrant being exercisable for one additional common share at an exercise price of $0.23 for a period of twenty-four months from the date of issuance. All securities issued pursuant to the Private Placement are subject to a statutory hold period of four months and one day from the date of issuance. The Company intends to use the net proceeds of the Private Placement to continue its Phase 2 drilling campaign to identify and drill out new discovery targets, particularly on the highly prospective southeastern block. Company Management and members of the Board of Directors are participating in the financing.

Key Points: 
  • TORONTO, June 15, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp. (CSE: FENX; OTCQB: FDVXF; Frankfurt: 8FD) is pleased to announce a non-brokered private placement (the "Private Placement") consisting of ("Units") at a price of $0.18 per Unit for anticipated gross proceeds of between $2 million and $3 million.
  • Closing of the Private Placement is subject to certain standard closing conditions, as well as the approval of the Canadian Securities Exchange.
  • Customary finders fees may be paid to third parties that assist with the Private Placement.
  • FenixOro Gold Corp is a Canadian company focused on acquiring and exploring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia.

FenixOro Updates Link for Webinar Today at 12:00 PM EDT, Increases Capacity

Retrieved on: 
Wednesday, May 18, 2022
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TORONTO, May 18, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp (CSE: FENX, OTCQB: FDVXF, Frankfurt: 8FD) is pleased to announce that it has increased the capacity for its webinar today and has provided an updated link below.

Key Points: 
  • TORONTO, May 18, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp (CSE: FENX, OTCQB: FDVXF, Frankfurt: 8FD) is pleased to announce that it has increased the capacity for its webinar today and has provided an updated link below.
  • The webinar will provide investors with a corporate update and general overview on the success the company has had to date on its Phase 2 drilling program.
  • Topic: FenixOro Investor Webinar May 18, 2022
    Register in advance for this webinar: https://us06web.zoom.us/webinar/register/WN_izFwpJY_QCilBTSybBqBaA
    After registering, you will receive a confirmation email containing information about joining the webinar.
  • FenixOro Gold Corp is a Canadian company focused on acquiring and exploring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia.

FenixOro to Host Investor Webinar 12:00 PM EDT Wednesday May 18, 2022

Retrieved on: 
Tuesday, May 17, 2022
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FenixOro CEO John Carlesso and VP Exploration Stuart Moller will host the meeting.

Key Points: 
  • FenixOro CEO John Carlesso and VP Exploration Stuart Moller will host the meeting.
  • The webinar is scheduled for 12:00pm Wednesday EDT May 18, 2022.
  • Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.
  • All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties.

FenixOro Discovers Multiple Gold-Silver Veins in the Southern Zone and a New Style of High Grade Mineralization in the Central Area

Retrieved on: 
Monday, May 9, 2022
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The HQ and NQ diameter core is sawed, and half core samples are submitted to the laboratory.

Key Points: 
  • The HQ and NQ diameter core is sawed, and half core samples are submitted to the laboratory.
  • As of November, 2021 similar procedures have been utilized by the ISO 9001:2015 certified Medellin branch of Ontario-based Actlabs.
  • Blanks, duplicates, and certified reference standards totaling 15% of the total samples are inserted into the sample stream.
  • As such, quoted thickness and grade of these intervals do not necessarily represent optimized economic intervals in a potential future mine.

FenixOro Reports in-Mine Samples of 425 g/t Gold, Makes New Discovery of Central Zone Resource Block

Retrieved on: 
Wednesday, April 20, 2022
ALS, News, NQ, Technical report, ICP, Antioquia State, ISO, Element, Vein, Program, Gold, Metal, Society of Economic Geologists, NI, Company, Society, Zijin Mining, HQ, Canadian Securities Exchange, Risk management, Mining

The HQ and NQ diameter core is sawed, and half core samples are submitted to the laboratory.

Key Points: 
  • The HQ and NQ diameter core is sawed, and half core samples are submitted to the laboratory.
  • As of November, 2021 similar procedures have been utilized by the ISO 9001:2015 certified Medellin branch of Ontario-based Actlabs.
  • Blanks, duplicates, and certified reference standards totaling 15% of the total samples are inserted into the sample stream.
  • Resources, cost and production data are taken from Continental Gold's "NI 43-101 Buritica Mineral Resource 2019-01, Antioquia, Colombia, 18 March, 2019").

FenixOro Plans Production of Special Edition Gold Coins Mined from Abriaqui

Retrieved on: 
Wednesday, March 16, 2022
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TORONTO, March 16, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp. (CSE: FENX; OTCQB: FDVXF; Frankfurt: 8FD) is pleased to announce plans for production of special edition collectible gold coins using gold mined legally by local miners from veins within the boundaries of the Companys Abriaqui project.

Key Points: 
  • TORONTO, March 16, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp. (CSE: FENX; OTCQB: FDVXF; Frankfurt: 8FD) is pleased to announce plans for production of special edition collectible gold coins using gold mined legally by local miners from veins within the boundaries of the Companys Abriaqui project.
  • In Abriaqui, gold has been mined and produced legally for generations through mills using water-and-gravity techniques, without the use of chemicals or explosives.
  • FenixOro CEO John Carlesso commented: Gold is being produced today at Abriaqui using the same simple, environmentally sound mining methods and recovery techniques that have been employed for generations.
  • FenixOro Gold Corp is a Canadian company focused on acquiring and exploring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia.

FenixOro Provides Commentary on Colombian Amendment to Second Law

Retrieved on: 
Tuesday, March 1, 2022
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TORONTO, March 01, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp. (CSE: FENX; OTCQB: FDVXF; Frankfurt: 8FD) is pleased to provide commentary on recent changes to Colombian law.

Key Points: 
  • TORONTO, March 01, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp. (CSE: FENX; OTCQB: FDVXF; Frankfurt: 8FD) is pleased to provide commentary on recent changes to Colombian law.
  • The Ministry of Environment and Sustainable Development has passed a resolution that amends Ley Segunda (Law 2) of 1959 and effectively removes the requirement for a lengthy change-of-land-use application process.
  • It will facilitate the discovery and definition of new deposits of copper and gold in areas where hitherto explorers were unable to drill.
  • Importantly, it does not reduce or otherwise circumvent the environmental permitting requirements to develop a project.

Fenixoro Intersects 15 g/t Gold 300m Below Previous Deepest Intersection, Increases Known Vertical Range of Mineralization to Over 1500m, Still Open at Depth

Retrieved on: 
Thursday, February 3, 2022
NQ, Gold, Zijin Mining, Metal, ALS, NI, ICP, Society of Economic Geologists, Program, HQ, ISO, Society, Company, News, Technical report, Element, Mining, Risk management, Antioquia State

Since the preparation of this report a Phase 1 drilling program has been completed at Abriaqui resulting in a significant discovery of a high grade, "Buritica style" gold deposit.

Key Points: 
  • Since the preparation of this report a Phase 1 drilling program has been completed at Abriaqui resulting in a significant discovery of a high grade, "Buritica style" gold deposit.
  • FenixOro's VP of Exploration, Stuart Moller, led the discovery team at Buritica for Continental Gold in 2007-2011.
  • Resources, cost and production data are taken from Continental Gold's "NI 43-101 Buritica Mineral Resource 2019-01, Antioquia, Colombia" (18 March, 2019).
  • Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.

FenixOro Discovers Multiple Wide Mineralized Zones up to 20 Meters in Width at Abriaqui

Retrieved on: 
Tuesday, January 25, 2022
Zijin Mining, Program, Technical report, Element, NI, Society, Gold, ALS, NQ, Company, HQ, Metal, ICP, News, Society of Economic Geologists, ISO, Mining, Risk management, Antioquia State

FenixOro's flagship property, the Abriaqui project, is the closest project to Continental Gold's Buritica project.

Key Points: 
  • FenixOro's flagship property, the Abriaqui project, is the closest project to Continental Gold's Buritica project.
  • As documented in "NI 43-101 Technical Report on the Abriaqui project Antioquia State, Colombia" (December 5, 2019), the geological characteristics of Abriaqui and Buritica are similar.
  • FenixOro's VP of Exploration, Stuart Moller, led the discovery team at Buritica for Continental Gold in 2007-2011.
  • Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.