The Company is pleased to advise that further fieldwork at the C6 gold prospect has identified new high-grade gold zones at surface, including extending a gossan where up to 186.6 g/t Au was reported previously (refer ASX release 31 May 2023).
The Company has received approval under its exploration Mine Management Plan for eight trenches/ costeans of up to 100 m in length and approximately 300 aircore drill holes. The trenching will be used to better evaluate
the extent and geometry of gold mineralisation and to assist with targeting the subsequent drill-testing.
The C6 prospect is part of PNX’s Burnside Northern Leases with the new high-grade zone located on its 100% owned EL31893, in the Pine Creek region of the NT, approximately 100 km south of Darwin and 25 km north of
Fountain Head.