On Wednesday, FenixOro Gold Corp (OTCMKTS:FDVXF) was in the news after the company provided a major update with regards to its operations and that sent its stock soaring by as much as 9%. In light of the gains recorded by the stock yesterday, it is likely that the FenixOro Gold stock is going to come into focus among investors today.
Yesterday the company announced that after having gone through considerable delays owing to the coronavirus pandemic related problems at its Lime Peru lab, it received the final assays for the first three holes.
However, that was not all. The company also announced that it got the partial results for a fourth hole that was part of the Phase 2 drill holes at the Abriaqui gold deposit on the Northwest Vein Corridor.
The receipt of the results is a major development for the company considering the fact that it is going to bring about a significant rise in the resource estimations from the ones that had been provided by FenixOro Gold previously. Hence, it could well be the right time for investors to start tracking the stock and see if it can add to its gains in the coming days.
