FenixOro Gold Corp. announced that following lengthy delays caused by Covid 19-related issues in the Lima Peru lab, final assays have been received for the first three holes, along with partial results for the fourth, from the initial Phase 2 infill drill holes on the Northwest Vein Corridor (NWC) of the Abriaqui gold deposit. These results significantly increase the Company’s previously stated potential resource expectations and assumptions. New WNW Trending Vein Structure Identified: The newly designated “Cascada” vein was cut in P013. The intersection was 1.3m at 23.23 g/t gold. It is different from most other veins at Abriaqui in that it has a low content of sulfides, low silver, and contains visible gold. Cascada appears to be part of a family of at least four veins which trend 290 degrees. These veins have not been mapped on surface and are known only from underground workings and the new intersection in P013. They appear intermittently between the major veins of the NWC which trend 315 degrees. Their geometry is not well enough understood to justify individual longitudinal sections at this point, but they appear to have higher than project-average gold grade and they offer significant upside potential to be evaluated in future drilling. Three additional new veins were discovered in the bottom of hole P012. This “footwall series” of veins averages 1.5m in thickness with gold grades up to 19.47 g/t. These too are not yet well-understood geometrically and represent additional potential which will require deeper drilling to define. Four plus holes have been drilled in Phase 2 for 2575 meters with a project total of 6604 meters in 14 holes. P010 - P013 were drilled from the same pad as P001 as part of an infill program to begin the resource definition program on the northwest trending vein corridor (NWC). Holes were drilled at -45 degrees except for P012 and P014 which are angled at -65 degrees for deeper tests of the system. P011 was lost at 136 meters and P012 is a re-drill of that hole. The principal gold-bearing intercepts in NWC drilling to date including newly reported values for P010 - P012 and the upper part of P013. P010 was drilled to the west to cover the gap between P001 and P005 and eight significant veins were intersected. P012 was drilled at a steeper angle to test the same vein package at depth. Ten veins were intersected with the deepest still carrying high grade at the 1540 meter elevation which matches the deepest drilled mineralization in the district to date. Hole P014 (in progress) is projected to intersect the deepest veins in the NWC at the 1300 meter elevation.