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PNX Metals Ltd.
Summary
| Project: | Hayes Creek | |
|---|---|---|
| Deposit: | Mt Bonnie | |
| Location: | Australia | |
| Commodities: | Zinc-Gold-Silver-Copper-Lead | |
| Date: | 1/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 18-1-2017: PNX Metals Ltd. announces an Exploration/Drilling Update report for its Mt Bonnie deposit at the Hayes Creek project. Drilling results incl. 20.65m @ 2.60g/t Au, 101.0g/t Ag, 6.62% Zn, 0.60% Pb, 0.43% Cu from 53.95m. PNX Metals Limited (ASX: PN | |
| 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 now received all assay results from 27 reverse circulation (RC) and diamond holes drilled at the Mt Bonnie VMS deposit (Figure 2)1 . Mt Bonnie, along with Iron Blow comprises the Hayes Creek gold-silver-zinc project in the Pine Creek region of the Northern Territory. Assay data from the two diamond holes (MBRC039D and MBRC041D) drilled for the purpose of providing material for metallurgical analysis (Figure 1) are being used in conjunction with previous PNX and historic drilling to estimate a new resource, due early February 2017. As previously reported, a new near-surface southerly extension to mineralisation has been discovered that extends approximately 100 metres beyond the limits of previous drilling to directly beneath the Southern Gossan (Figure 2). This area, which sits outside the existing resource boundary, remains open to the south and at depth, and will be drilled during the 2017 dry season as adverse weather conditions prevented further drilling in 2016. | |
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