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PNX Metals Ltd.
Summary
| Project: | Moline | |
|---|---|---|
| Deposit: | Moline | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-9-2017: PNX Metals Ltd. announces an Exploration/Drilling Update report for its Moline deposit at the Moline project. Drilling results incl. 3m @ 7.6g/t Au from 138m. PNX Metals Limited (ASX: PNX) is pleased to advise that it has completed a 16 hole 1, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | PNX Metals Limited (ASX: PNX) is pleased to advise that it has completed a 16 hole 1,609 metre reverse circulation (RC) drill program at the Moline Project (MLN1059 and ML24173), located less than 1.5km off the Kakadu Highway, and approximately 65km to the east of the PNX’s Hayes Creek zinc and precious metals Project in the Pine Creek region of the Northern Territory. The historic mining area at Moline has strong synergies with the Hayes Creek Project where PNX recently completed a Preliminary Feasibility Study (PFS) that confirms the strong potential to establish a low-cost, highmargin zinc and precious metals mine (see ASX release 12 July 2017). The Company’s aim is to delineate high-value gold and/or base metals deposits through near-mine and regional exploration that can be treated through the proposed Hayes Creek processing plant, or through existing freegold milling infrastructure in the region. | |
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