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PNX Metals Ltd.
Summary
| Project: | Hayes Creek | |
|---|---|---|
| Deposit: | Fountain Head | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-11-2019: PNX Metals Ltd. announces an Exploration/Drilling Update report for its Fountain Head deposit at the Hayes Creek project. Drilling results incl. 3m @ 25.94g/t Au from 117m. PNX Metals Limited (ASX: PNX) (“PNX”, “the Company”) is pleased to ann | |
| Resources: | (Resource, I+I): 2.58mt @ 1.7g/t Au at Fountain Head + Tally Ho | |
| CP/QP: | [Overall Report]: Bradley Ermel (Internal) | |
| ABSTRACT: | PNX Metals Limited (ASX: PNX) (“PNX”, “the Company”) is pleased to announce assay results from a follow-up reverse circulation (RC) drill program of 1,669m at its 100% owned Fountain Head gold Project. The results are presented in Table 1. This was the first drilling undertaken at Fountain Head since the Company released a Mineral Resource estimate for the Project of 2.58Mt at 1.7g/t Au for 138,000 oz Au (Figure 1 and Table 2) (reported in accordance with the JORC Code, 2012, see ASX release 11 July 2019 for full details including JORC tables). Fountain Head, together with the Iron Blow and Mt Bonnie volcanogenic massive sulphide (VMS) deposits, form the Hayes Creek zincgold-silver Project (“the Project”) in the Pine Creek region of the Northern Territory. The drill program was successful, with numerous mineralised intercepts confirming good high-grade continuity at depth and along strike, directly adjacent to the current resource envelope. Due to the success of this drill program, the Company is planning further drilling at Fountain Head to test the potential for future growth in the current resources, this is planned to commence in December. | |
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