FenixOro Gold Corp. announce the discovery of the high grade gold-silver Prospera Vein in the Southern Block of the Abriaqui property. With the higher grades of gold and silver ever recorded on the project, this is one of the most significant discoveries to date and it will be an important factor in the next phase of drilling.

The newly sampled Prospera vein is located atop a ridge in the extreme southeast part of the property and is exposed underground along a continuous 100 meter mine working. The massive sulfide core of the vein was systematically sampled at 10 meter intervals and averages 39.2 g/t gold (1.26 oz/t) and 254 g/t silver(8.17 oz/t) with additional samples in the surrounding diorite wall rocks containing up to 2.3 g/t gold and 19 g/t silver. The vein does not crop out on surface but coincident strong topographic and magnetic anomalies, along with a gold-in-soil anomaly, increase the probable horizontal extent of the vein to 500 meters.

The local terrain is extremely steep and the vertical relief along the 500m trend is over 300 meters. The mine sampled on Prospera is at the 2,725 meter elevation. This implies a minimum 1,500 meter vertical range of high grade gold mineralization at Abriaqui, from the top of the ridge to the deepest drill intercept.

The high silver to gold ratio is typical of the veins in the southern license in the upper part of the geologic system. This immediately becomes the project's most important new target area. At least two reconnaissance drill holes are planned from existing access areas to test the down-dip extension of the vein.

Additional holes will be planned based on the results. There are no mine workings perpendicular to the vein so it is not clear how much of the wall rock is mineralized. Several samples of altered diorite adjacent to the vein are mineralized which indicates that there are areas of lower grade ore which could expand the average thickness.

The steep topography provides an advantage in that drilling from the current drill pad locations 300 meters below the mine will allow a test of the deeper part of the vein without having to drill deep holes. The mine adit on the Prospera Vein is on a steep, densely vegetated slope near the top of the ridge at the 2,725m elevation. The vein does not outcrop and there are no other mine workings along strike.

There are strong coincident E-W trending topographic and magnetic lineaments along the vein, as well as a gold-in-soil anomaly. This suggests that the vein continues an additional 300-400 meters to the west from the mine mouth. If so, the strike of the vein is a minimum 500 meters covering 300 vertical meters.

Samples were taken on an average 10 meter spacing along strike and there is continuous mineralization along the vein. The vein is characterized by 30-80 centimeters of massive pyrite-pyrrhotite-arsenopyrite-chalcopyrite-sphalerite mineralization with local veinlet zones in altered diorite wall rocks. The massive part of the vein averages 0.50 meters in true width at average grades of 39.2 g/t gold and 254 g/t silver.

High grade is consistent along strike with gold between 12 – 153 g/t and silver between 56 – 1138 g/t in all vein samples. The wall rock samples almost all contain 4-19 g/t silver with gold up to 2.3 g/t.