The Company is pleased to advise that numerous high-grade surface gold samples were collected during an assessment of the northern leases of its Burnside exploration project.  Multiple targets, with the potential to host economically significant gold mineralisation, have been identified within prospective kilometre-scale gold corridors.

These areas are located, along with PNX’s Fountain Head and Hayes Creek zinc, gold, silver Projects, in the Pine Creek region of the Northern Territory, approximately 170km from Darwin.