New Zinc-Gold-Silver Mineralisation at Hayes Creek, NT

PNX is pleased to advise that it has received all assay results from recent drilling at the high-grade Hayes Creek zinc-gold-silver, incorporating resource extension drilling at Mt Bonnie as well as geotechnical, resource, hydrological, and metallurgical purposes for the DFS.  Highlights:

  • Assay results indicate high-grade, near-surface mineralisation and resource extension potential
  • 15 drill holes intersected previously unknown mineralisation outside the existing resource at Mt Bonnie, including:
    • 4m @ 6.14% Zn, 1.14g/t Au, 176g/t Ag, 1.29% Pb, 0.11% Cu from 73m in MBRC080, including:
      • 2m @ 10.28% Zn, 1.92g/t Au, 304g/t Ag, 2.11% Pb, 0.17% Cu from 74m
  • Scope to increase the mine life of Hayes Creek – Mt Bonnie Resource update to be completed for inclusion in the DFS mine plan
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2018-02-15T09:33:11+00:00