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