Phenom Discovers Rare Earth and Critical Metals Deposit at Crescent Valley, Nevada

Core Insights - Phenom Resources Corp. has discovered a significant Rare Earth Element (REE) and Critical Metals deposit on its Crescent Valley Property in Nevada, which is vital for the U.S. economy and national security [1][2][5] Group 1: Deposit Characteristics - The new deposit is classified as an Iron Oxide Copper Gold (IOCG) deposit-type, featuring a breccia body with notable REE and Critical Metals content [2] - Drill holes CVN24-02 and CVN25-04, along with a continuous surface chip sample, have shown elevated values of key metals over an area of 100 metres wide by 150 metres long [2][3] - The deposit is presumed to have dimensions of approximately 600 metres wide, at least 200 metres thick, and at least 1 kilometre long based on geophysical programs [3] Group 2: Metal Composition and Value - Principal metals of value include Rubidium, Hafnium, Scandium, and Neodymium, with lesser amounts of Dysprosium, Praseodymium, Cerium, Europium, Niobium, Strontium, Terbium, and Yttrium [1][6] - The cumulative in situ value of the multi-element intercepts ranges from US$277 to US$404 per tonne of rock, with Rubidium contributing 65%, Hafnium 18%, Scandium 14%, and Neodymium 1% to the total value [5][6] Group 3: Future Exploration Plans - The company plans to expand its IP survey to fully determine the length of the chargeability anomaly and REE deposit, with additional drilling scheduled to resume before the end of January [3][10] - The property has been expanded from 38 claims to 172 claims in response to the discovery, indicating a strong commitment to further exploration [4]