PNX has commenced diamond drilling at the Banner prospect (Fountain Head Project), following up the recent discovery of further high-grade gold mineralisation.  Diamond drill-hole FHDD091 is being drilled directly under FHRC085 which returned an intercept of 6m @ 39.5g/t Au from 54m.

Results from this program will be essential to designing a much larger follow up drill program planned to commence during October.