For thousands of other reports visit RSC's Mineral Intellingence Map
PNX Metals Ltd.
Summary
| Project: | Hayes Creek | |
|---|---|---|
| Deposit: | Mount Bonnie | |
| Location: | Australia | |
| Commodities: | Zinc-Gold-Silver-Copper-Lead | |
| Date: | 10/26/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 26-10-2016: PNX Metals Ltd. announces an Exploration/Drilling Update report for its Mount Bonnie deposit at the Hayes Creek project. Drilling results incl. 29m @ 1.02g/t Au, 187g/t Ag, 5.26% Zn, 1.44% Pb, 0.29% Cu from 75m. PNX Metals Limited (ASX: PNX) i | |
| Resources: | (Not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Bennett (Internal) | |
| ABSTRACT: | PNX Metals Limited (ASX: PNX) is pleased to advise that it has received assay results from a further 9 of 27 reverse circulation (RC) and diamond holes, making 13 holes in total from which assays have been received to date (see also ASX release 6 October 2016). The holes were drilled as part of an infill and extensional drill program at the Mt Bonnie VMS deposit (Figure 1) that forms part of the Hayes Creek gold-silver-zinc project in the Pine Creek region of the Northern Territory. Most of the assay results received to date (Table 1) are from the infill portion of the drill program, and continue to provide consistent grades and widths of near-surface sulphide mineralisation as predicted by the geological model. In particular, silver assays from within the mineralised envelope appear to be consistently better than previously modelled. Furthermore, the following excellent results in MBRC057 (Figures 1 and 2) have shown mineralisation to extend beyond the predicted depth of the existing resource boundary and provide the potential to model an expanded open-pit scenario for inclusion in the fully-funded Hayes Creek Pre-Feasibility Study (PFS). The results from MBRC057 are significant as the base metals mineralisation intercepted is weakly conductive, non-magnetic, hosted by disseminated sulphides within strongly carbonate altered sediments and sits outside of the existing geophysics model. This is in contrast with the highly-conductive and magnetic massive sulphides associated with the main mineralised zone to the north-east which exhibit a strong geophysical signature. This new knowledge opens up new areas in close proximity to Mt Bonnie and Iron Blow with the potential for resource extension and exploration. | |
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