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Tag: Phenom Resources Corp.

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Phenom Resources Corp. (TSXV:PHNM) – Smoke but No Fire; Low Au Grades at Carlin

Phenom announced drilling results from its flagship Carlin gold-vanadium project in Nevada. The results are from eight widely-spaced RC holes targeting a potential Carlin-type Au system as defined by the large IP anomaly situated below the vanadium resource. While the holes do demonstrate the presence of a large hydrothermal system with characteristics of a Carlin-type deposit, the resulting Au grades are well below levels of economic interest. While there still may be targets to vector in on at Carlin, we might also expect Phenom to shift more focus to other projects in its portfolio.

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Red Cloud | redcloudfs.com

Red Cloud Oktoberfest: Fall Mining Showcase 2021 – Day Two Recap

Yesterday, Red Cloud hosted the second day of its three-day 2021 Oktoberfest Fall Mining Showcase, which featured 28 presenting companies including our keynote speaker Matthew Watson, Founder and President of Precious Metals Commodity Management, and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event (see our Day One recap here). If you would like to attend Day Three of Red Cloud’s Oktoberfest Fall Mining Showcase, register here. Replays are available on the Red Cloud website.

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Red Cloud | redcloudfs.com

Q3 Producer Preview & Commodity Price Update – Lowering Gold Price Forecasts While Most Commodities Increased

Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.

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