Phenom Resources Corp (TSE:PHNM) has released an update.
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Phenom Resources Corp. has expanded its King Solomon Gold Project in Nevada by acquiring additional claims, bolstering its total area to approximately 16.5 square kilometers. The project, which exhibits characteristics of a Carlin-type gold system, could potentially host one or more gold deposits as suggested by geological consultant Dave Mathewson. The company has entered into a four-year option agreement, which includes a staggered payment schedule and retains a net smelter return royalty for the vendor.
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