31 Jan 2019
QUARTERLY ACTIVITIES & CASHFLOW REPORT
Elke Hodge 2019-01-31T13:30:15+00:00Activities and App 5B Cashflow Report for the quarter ended 31 Dec 2018
Activities and App 5B Cashflow Report for the quarter ended 31 Dec 2018
PNX Metals Limited is pleased to advise that assay results have been received from its latest program of reverse circulation (RC) drilling completed in late 2018 at its Cookies Corner prospect, located less than 30km from PNX’s flagship Hayes Creek zinc-gold-silver project in the Pine Creek region of the Northern Territory. The objective of this program was to extend gold mineralisation discovered in August 2018, and to increase confidence in the continuity of mineralisation to estimate a mineral resource to augment the Hayes Creek project. Based on the assay results PNX has extended the near-surface gold mineralisation at Cookies Corner down-dip, along section (width)
PNX Metals Limited is pleased to advise the appointment of Mr Angelo Gaudio as Company Secretary and Chief Financial Officer. Mr Gaudio is replacing Mr Tim Moran who has resigned as Company Secretary and Chief Financial Officer, effective from the close of business on 10 January 2019. Mr Gaudio has over 35 years’ experience in the accounting profession and over 8 years’ experience as a Company Secretary for ASX listed companies. His experience includes exploration, development and mining within the uranium, copper, gold, silver and graphite sectors, as well as fuel distribution, engineering and fabrication operations. He is a Fellow
PNX Metals Limited is pleased to announce that new assay results containing high-grade gold have been received from diamond drilling to test extensions to the mineralised vein systems associated with the Fountain Head and Tally Ho gold lodes at its Fountain Head Gold Project in the Pine Creek region of the Northern Territory.
Emerging base metals and precious metals developer, PNX Metals Limited is pleased to advise that it has now earned a 90% interest in the Burnside and Chessman projects in the Northern Territory from Newmarket Gold NT Holdings Pty Ltd a subsidiary of Kirkland Lake Gold Ltd.
PNX is pleased to advise it has commenced a follow-up 20 hole, 1800m RC drill program at its highly prospective gold project at Cookies Corner - NW section of Burnside project, approx. 30km from the Company's Hayes Creek Project.
Activities and App 5B Cashflow Report for the quarter ended 30 Sept 2018
MD James Fox, presenting at the Brisbane Resources Round-up
PNX has completed a 16 hole, ~1,100 metre RC drill program at the Cookies Corner prospect, located in the NW corner of the Burnside project and less than 30km from the Hayes Creek Zn-Au-Ag project. This initial drill program tested a 1km long gold-in-soils anomaly, and all 16 holes intersected gold mineralisation over a continuous 500 metre strike that remains open, including: 20m @ 1.93 g/t Au from 12 metres in CCRC005, including; 8m @ 4.29 g/t Au from 12 metres; and 6m @ 3.72 g/t Au from 71 metres in CCRC002
Refer to PNX’s company page at www.asx.com.au for Announcements prior to 1 July 2014.