This FenixOro Gold Corp profile is part of a paid investor education campaign.*
FenixOro Gold Corp (CSE:FENX,OTCQB:FDVXF,FWB:8FD) is a resource exploration company focused on developing the Abriaqui gold project located in the Upper Miocene Belt of Colombia. The area is renowned for its gold resources, including Continental Gold’s Buritica gold mine, which hosts measured and indicated mineral reserves of 5.58 million gold equivalent ounces in addition to 6.24 million gold equivalent ounces in the inferred category. Continental Gold was acquired by Zijin Mining Group Co. for C$1.4 billion in March 2020.
FenixOro’s Abriaqui project is a drill-ready gold exploration project encompassing 547 hectares of the upper Miocene Mid-Cauca gold trend. The Upper Miocene belt has been home to over 100 million ounces of new discoveries made since 2007.
The Abriaqui project hosts multiple closely-spaced gold-bearing veins and has a number of similarities to the nearby Buritica project including its geological setting, vein systems and density. The veins at Abriaqui have been mapped to demonstrate continuity of at least 800 vertical meters while at Buritica these veins have been drilled over 1200 vertical meters. There is known mineralization on the property between 1,900 and 2,800 meters elevation, well below Colombia’s paramo restricted zone.
In 2020 FenixOro began a fully funded US$2.9 million exploration program on the Abriaqui project. The 18-month program includes expanded ground magnetometry with 3D modeling, soil sampling, alternation mapping and channel sampling. The company’s exploration campaign is being led by Director and VP of Exploration Stuart Moller, who discovered Continental’s Buritica gold mine.
FenixOro is currently in the midst of a Phase One 4,500 meter diamond drill program designed to explore the main area of vein development across the western part of the project. The company has reported high grade intercepts up to 71.9 g/t gold over 0.50 meters, as well as discoveries of previously unknown gold-bearing veins. FenixOro has been declared an essential business by the local community and has received an exemption from COVID lockdown restrictions, allowing the exploration program to remain operating under certain protocols.
John Carlesso, CEO and Director
Mr. Carlesso has over 25 years of international business experience in the financing, development, and stewardship of companies in the mining, technology and special situations sectors. While Mr. Carlesso has been a founder and director of both public and private companies, he has had a particular focus on mining in Latin America for the past 18 years. Mr. Carlesso was Vice President of Corporate Development for Desert Sun Mining, which was acquired for $750 million by Yamana Gold in 2006, in addition to co-founder and Executive Chairman of Explorator Resources which was acquired in 2011 by Pucobre, a publicly listed Chilean mining company. Mr. Carlesso is a graduate of Western University with a B.A. in Economics.
Stuart Moller, Director and VP Exploration
Mr. Moller has 40 years’ experience in international mineral exploration. Stuart has held senior roles with Barrick Gold and Pan American Silver, and as Vice President Exploration at Continental Gold he led the discovery of the Buritica gold deposit (acquired by Zijin Mining for $1.327 billion). Mr. Moller holds a B.A. Geology with Honors from Colgate University and a Master of Science, Geology from the University of North Carolina at Chapel Hill.
David Mitchell, Independent Director
Mr. Mitchell has over 30 years of experience in the Canadian finance industry, having been employed by a number of intermediate and boutique size investment firms in roles ranging from a floor trader to being a director and officer. Mr. Mitchell is the founder and CEO of Stillbridge Ventures Inc., a corporate consulting and advisory firm to small and emerging businesses. Mr. Mitchell has also facilitated a number of underwritings of CPC’s, in addition to holding officer and director positions in both CPC’s and TSXV-listed companies.
Keith Minty, Independent Director
Mr. Minty is a well-seasoned mining engineer with over 35 years of international and domestic mine development and operating experience. From 1997 to 2003, Mr. Minty was President and CEO of North American Palladium Ltd. where he was responsible for restructuring the LDI mine with a C$350 million initial public offering and developed it into the world’s fifth-largest platinum group metal producer.
*Disclaimer: This profile is sponsored by FenixOro Gold Corp (CSE:FENX,OTCQB:FDVXF,FWB:8FD). This profile provides information which was sourced by the Investing News Network (INN) and approved by FenixOro, in order to help investors learn more about the company. FenixOro is a client of INN. The company’s campaign fees pay for INN to create and update this profile.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with FenixOro and seek advice from a qualified investment advisor.