High-Grade Gold Intercepts Continue at Fountain Head

Assays from a further three RC holes have been received from drilling at PNX’s Fountain Head gold project in the Pine Creek region of the Northern Territory.  New significant results being reported from this batch of assays include:

• 1m @ 10.86 g/t Au from 29m in FHRC072, and
• 6m @ 2.05 g/t Au from 2m in FHRC073

Assays from the remaining 17 holes are due to be received over the coming weeks, and diamond drilling targeting the down-plunge potential to commence week of Aug 6.

 

Fountain Head is the first target in an extensive regional exploration program aimed at identifying additional high value mineralisation to complement the Hayes Creek zinc-gold-silver development project.