For thousands of other reports visit RSC's Mineral Intellingence Map
PNX Metals Ltd.
Summary
| Project: | Hayes Creek | |
|---|---|---|
| Deposit: | Fountain Head | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-3-2020: PNX Metals Ltd. announces an Exploration/Drilling Update report for its Fountain Head deposit at the Hayes Creek project. Drilling results incl. 14m @ 9.22g/t Au from 17m. PNX Metals Limited (ASX: PNX) (“PNX”, “the Company”) is pleased to provi | |
| Resources: | (Resource, I+I): 2.58mt @ 1.7g/t Au at Fountain Head + Tally Ho | |
| CP/QP: | [Overall Report]: Charles Nesbitt (Internal) | |
| ABSTRACT: | PNX Metals Limited (ASX: PNX) (“PNX”, “the Company”) is pleased to provide an update on drill assays received from the Fountain Head gold development, part of the Company’s Hayes Creek Project, located in the Pine Creek region of the Northern Territory. Exceptional gold grades continue to be reported from recent Reverse Circulation (RC) drilling (Table 2) with numerous zones of mineralisation returning grades above the anticipated 0.5 g/t Au mining cut-off grade. Assay results reported in drill holes FHRC149, FHRC152, FHRC154 and FHRC156 in particular confirm high-grade continuity and mineralised extensions along modelled cross cutting and bedding parallel structures, supporting the Mineral Resource Estimate and increasing confidence in the geological model and Project economics. New zones of broad, high-grade gold mineralisation have been intersected near surface in the area between the Fountain Head and Tally Ho mineral lodes over a strike extent of approximately 100m. In this area, historically known as ‘Ladder-Vein west’, material previously classified as waste or low-grade ore is being assessed as hosting grades that will potentially support early mining and an increase in gold resources. | |
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