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PNX Metals Ltd.
Summary
| Project: | Hayes Creek | |
|---|---|---|
| Deposit: | Mt Bonnie | |
| Location: | Australia | |
| Commodities: | Zinc-Gold-Silver-Copper-Lead | |
| Date: | 2/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 9-2-2017: PNX Metals Ltd. announces a Resource Estimation report for its Mt Bonnie deposit at the Hayes Creek project. Updated Resource Estimate for Mt Bonnie . PNX Metals Limited (ASX:PNX) is pleased to announce an upgraded Mineral Resource estimate for | |
| Resources: | (Resource: I+I): 1.545Mt @ 3.76% Zn, 1.12% Pb, 0.22% Cu, 127g/t Ag, 1.34g/t Au at Mt Bonnie | |
| CP/QP: | [Resources]: Aaron Meakin, Andrew Bennet (CSA Global Pty Ltd.;Internal) | |
| ABSTRACT: | PNX Metals Limited (ASX:PNX) is pleased to announce an upgraded Mineral Resource estimate for its 100% owned Mt Bonnie zinc-gold-silver deposit, which is located on granted Mineral Leases (Figures 1 and 5) within the Pine Creek region of the Northern Territory. Independent mining consultancy group CSA Global Pty Ltd (“CSA Global”) have reported the Mineral Resource estimate in accordance with the JORC Code1 , which is summarised in Table 1. PNX Managing Director James Fox said: “The completion of this favourable Resource upgrade at Mt Bonnie is another important achievement in the development of the Hayes Creek Project. 90% of the deposit has been categorised as Indicated, and contained gold, silver and zinc have all increased. Detailed open-pit mining studies are underway at Mt Bonnie, as is the finalisation of an updated resource for the larger Iron Blow deposit. The close proximity of the Project to essential services and infrastructure, and high zinc and gold equivalent grades make for a potentially low cost, high margin operation that features an attractive mix of readily extractable commodities for investors. We look forward to finalising the studies required for the PFS, which will feature new metallurgical data, and is on schedule and due for completion mid-2017.” | |
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