FenixOro Gold Corp. announced the discovery of the widest mineralized zone yet seen at Abriaqui on the Santa Teresa vein system. The results are from an area of newly discovered underground mine workings.

Santa Teresa is becoming much more complex than originally understood and the new work opens up the potential for the discovery of additional wide zones. The Santa Teresa trend is the longest and best developed vein system within the Northwest Vein Corridor (NWC) at Abriaqui. Surface outcrop is minimal and until recently, Santa Teresa was characterized by only two drill intercepts and a number of samples taken from existing underground mine workings.

Artisanal mining historically concentrated only on the high grade core of the veins, and mine workings available for sampling did not necessarily represent the full thickness of the mineralization. To date this has ranged up to 4.1 meters in the drill holes on Santa Teresa. In a recent program of mine mapping several new mines were accessed which included areas where crosscuts were developed perpendicular to the vein trend.

Recent channel sampling along these crosscuts has allowed for a much better characterization of the full width of mineralization. Phase 2 drilling, currently underway, is further testing Santa Teresa and several other veins in the NWC. Results from the first two holes will be reported soon.

The Santa Teresa trend is characterized by multiple individual high grade veins separated by zones of lower grade material. As an example, the full intercept in drill hole P001 is typical with three veins with grades of 7-19 grams per tonne gold contributing to a full intercept of 4.1 meters at 5.08 g/t gold. The channel sampling program along the Santa Teresa trend targeted five historical mining areas and this release presents results from only the northernmost area with additional assays pending.

Veins were sampled over their geological thicknesses and adjacent areas were sampled in one-meter increments. The veins are hosted by hornfelsed sediments more than 200 meters from the intrusive contact and most samples are unaffected by surface oxidation. Five sub-parallel veins were mapped on mine level 2137 within a 15 meter wide corridor.

While the underground sampling program is restricted to existing mine workings, in areas where crosscuts are available for sampling, FenixOro has found 5+ meter widths at good gold grade on the Baul 3 and now the Santa Teresa veins. The company is considering a program of short horizontal drill holes in some of the mines as part of the future resource definition program.