FenixOro Gold Corp. announced first drill results from the southern vein zone which confirm the discovery of multiple veins that significantly impact management's expectations of the project's global resource potential. Continued positive results from the Central Zone are also reported along with a newly discovered style of gold mineralization which is more typical of porphyry gold systems. Drilling from the first holes in the Southern Vein Zone confirm the presence of mineralization at grades that will impact management's expectations for the resource potential of the project.

The Southern Block Holes 017, 020 and 023 each intersected 7-10 veins with several assays in excess of 10 g/t gold. Silver to gold ratios are significantly higher than in other parts of the property. Resource potential in the newly defined Central Vein Zone continues to increase with intersections of 1.25m @ 23.55 g/t gold and 2.40m @ 5.69 g/t gold in hole 021.

Re-logging of hole 019 in the central zone verified the presence of visible gold associated with actinolite-albite veinlets. This veinlet type is more commonly associated with porphyry gold systems and is rarely mineralized at the grade sampled at Abriaqui (13.7 g/t). Infill drilling in the central vein zone clearly shows that it is an extension of the northern zone with little offset across the Cascada Fault.

Grades and thicknesses are similar in both areas and the strike extent of the main family of veins has been extended to one kilometer. New drill data presented in this release include 1.25m @ 23.55 g/t Au and 2.40m @ 5.69 g/t Au in hole 021. An additional 15.5m intercept at 1.46 g/t, though probably sub-economic at the current gold price, is a further example of a thick veinlet zone as seen on three different veins north of the fault.

Hole 022 was a short hole designed to confirm the orientation of the Cascada fault.