News

Additional High-Grade Gold Mineralisation at Fountain Head

2019-11-21T11:08:22+10:30

The Company is pleased to announce assay results from a follow-up reverse circulation (RC) drill program of 1,669m at its 100% owned Fountain Head gold Project. The drill program was successful, with numerous mineralised intercepts confirming good high-grade continuity at depth and along strike, directly adjacent to the current resource envelope. Due to the success of this drill program, the Company is planning further drilling at Fountain Head to test the potential for future growth in the current resources, this is planned to commence in December.

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Excellent Metallurgical Recoveries from Fountain Head Gold Project

2019-11-07T11:53:30+10:30

The Company is pleased to announce results of initial metallurgical testing of gold ore samples from its 100%-owned Fountain Head Gold Project. The testwork was designed to assess gold recoveries and regent consumption via standard atmospheric cyanide leaching of gold mineralisation. The Company recently released a Mineral Resource estimate for the Project of 2.58Mt at 1.7g/t Au for 138,000 oz Au (reported in accordance with the JORC Code, 2012, see ASX release 11 July 2019 for full details including JORC tables). Fountain Head, together with the Iron Blow and Mt Bonnie volcanogenic massive sulphide (VMS) deposits, form the Hayes Creek

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Drilling to Recommence at Fountain Head Gold Project

2019-08-27T09:22:43+10:30

The Company is pleased to announce a follow-up reverse circulation (RC) drill program of approximately 2,000m at its 100% owned Fountain Head gold Project. This will be the first drilling since the Company released a Mineral Resource estimate1 for the Project (reported in accordance with the JORC Code, 2012).  Fountain Head, together with the Iron Blow and Mt Bonnie VMS deposits, comprise the Hayes Creek zinc-gold-silver Project (“the Project”) in the Pine Creek region of the Northern Territory.

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Refer to PNX’s company page at www.asx.com.au for Announcements prior to 1 July 2014.