New Gold and Zinc Sulphides Drilled at Moline, NT

PNX has intersected gold and base metals mineralisation in its first drill program at the Moline Exploration Project, approximately 65km to the east of the Hayes Creek Project. The Moline Project comprises four key prospects: Moline, School, Tumbling Dice, and Hercules.

• Zinc-gold-silver-lead rich sulphides in Moline prospect drill-hole MORC003, including:
  • 2m @ 4.66g/t Au, 177g/t Ag, 4.92% Zn, and 4.41% Pb from 8
• A broad zone of near-surface gold and zinc mineralisation drilled at the Tumbling Dice prospect, MORC010 intersected:
• 30m @ 2.29g/t Au and 0.70% Zn from 78m down hole, including 3m @ 6.58g/t from 100m