High-grade Gold from Fountain Head Drilling

PNX is pleased to announce receipt of the first batch of assays from a maiden RC drilling campaign at its Fountain Head gold project in the NT.   Assays from 11 of 31 holes have been received, with 7 of the first 11 holes containing significant gold, including

• 3m @ 11.09 g/t Au from 93m in FHRC062, including
  • 1m @ 29.30 g/t Au from 95m, and
• 1m @ 28.00 g/t Au from 83m in FHRC07

 

Assays from the remaining holes will be reported over the coming weeks.  Diamond drilling targeting the down-plunge potential for high-grade gold under the historic mining areas is expected to be completed in August.