Extensive Gold Mineralisation at Cookies Corner, NT


PNX has completed a 16 hole, ~1,100 metre RC drill program at the Cookies Corner prospect, located in the NW corner of the Burnside project and less than 30km from the Hayes Creek Zn-Au-Ag project. This initial drill program tested a 1km long gold-in-soils anomaly, and all 16 holes intersected gold mineralisation over a continuous 500 metre strike that remains open, including: 20m @ 1.93 g/t Au from 12 metres in CCRC005, including; 8m @ 4.29 g/t Au from 12 metres; and 6m @ 3.72 g/t Au from 71 metres in CCRC002

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Diamond Drilling Underway at New Banner Gold Discovery


PNX has commenced diamond drilling at the Banner prospect (Fountain Head Project), following up the recent discovery of further high-grade gold mineralisation.  Diamond drill-hole FHDD091 is being drilled directly under FHRC085 which returned an intercept of 6m @ 39.5g/t Au from 54m. Results from this program will be essential to designing a much larger follow up drill program planned to commence during October.  

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Refer to PNX’s company page at for Announcements prior to 1 July 2014.