Phenom Resources Corp. announced drill results from RC22-016, the second deep hole drilling in 2022 into the gold system that is present under the vanadium resource on its 100% owned Carlin Gold-Vanadium Project, Nevada. RC22-16 was drilled 200 metres (650') south of RC22-15.

The attributes of RC22-16 are strikingly better than RC22-15; RC22-16 is the strongest to date within the gold-bearing hydrothermal system which is hosted by Devonian Rodeo Creek and Popovich Formations. Highest priority future targeting has narrowed around the vicinity of RC22-16 and continues south for 1.5 kilometres (0.93 miles), between the convergence of the north-south large-displacement graben fault and NW Fault.