Well positioned on one of the world’s most prolific gold belts in an emerging gold producing region

FenixOro Gold Corp is a Canadian company focused on acquiring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia. FenixOro’s flagship property, the Abriaqui project, is located 15 km west of Continental Gold’s Buritica project at the northern end of the Mid-Cauca gold belt, a geological trend which has seen almost 100 million ounces of new gold discoveries in the past 10 years including Buritica and Anglo Gold’s Nuevo Chaquiro and La Colosa.  The geological characteristics of Abriaqui and Buritica are very similar.  The high gold grade at Abriaqui has samples taken from 20 of the veins assaying greater than 20 g/t gold and as high as 146 g/t.  The property is drill-ready pending finalization of the government permitting process, which is expected imminently.   

Fenix’s VP of Exploration, Stuart Moller, led the discovery team at Buritica for Continental Gold in 2007-2011.  The Buritica Mine currently contains a total of 11.34 million ounces of gold resources and is scheduled to commence production in 2020 with annual average production of 250,000 ounces at an all-in sustaining cost of approximately US$600 per ounce.  Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.