For thousands of other reports visit RSC's Mineral Intellingence Map
PNX Metals Ltd.
Summary
| Project: | Hayes Creek | |
|---|---|---|
| Deposit: | Cookies Corner | |
| Location: | Australia | |
| Commodities: | Zinc-Gold-Silver-Copper-Lead | |
| Date: | 1/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 29-1-2019: PNX Metals Ltd. announces an Exploration/Drilling Update report for its Cookies Corner deposit at the Hayes Creek project. Drilling results incl. 11m @ 1.13g/t Au from 75m. PNX Metals Limited (ASX: PNX) (“PNX” or “the Company”) is pleased to ad | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bradley Ermel (Internal) | |
| ABSTRACT: | PNX Metals Limited (ASX: PNX) (“PNX” or “the Company”) is pleased to advise that assay results have been received from its latest program of reverse circulation (RC) drilling completed in late 2018 at its Cookies Corner prospect, located less than 30km from PNX’s flagship Hayes Creek zinc-gold-silver project in the Pine Creek region of the Northern Territory. The objective of this program was to extend gold mineralisation discovered in August 2018, and to increase confidence in the continuity of mineralisation to estimate a mineral resource to augment the Hayes Creek project. Based on the assay results PNX has extended the near-surface gold mineralisation at Cookies Corner down-dip, along section (width) and along strike, with multiple zones intersected. Continuity along strike is excellent and mineralisation also appears to be thickening at depth (Figure 1). As part of this program eight new holes were drilled and three previously drilled holes that ended in mineralisation were extended. A further twelve planned holes were deferred until the 2019 dry season due to wet weather access limitations (Figure 2). Drilling is expected to recommence from April when access and ground conditions should improve. On completion of the planned drilling PNX expects to be in a position to estimate a near-surface potentially open-pittable gold mineral resource. The three extended holes, CCRC003, CCRC004 and CCRC008 highlight new areas of gold mineralisation that remain open at depth, indicating the potential for a larger gold system than originally anticipated, with better results including: | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report