Drilling commenced at the Glencoe gold deposit

The Company is pleased to advise that a reverse circulation (RC) drill program of up to 2,000 metres has commenced at the Glencoe gold deposit (“Glencoe”). Approximately 1/3 of the drill program is designed to test for immediate extensions where near-surface gold anomalism highlights along-strike potential, with the remainder to be drilled within the boundary of the Mineral Resource to increase geological confidence.

Glencoe is located on a granted Mineral Lease approximately 170km south of Darwin and 3km to the north of PNX’s Fountain Head Gold Project in the Pine Creek region of the Northern Territory.

View PDF
2021-07-16T08:07:27+10:30