PNX is pleased to announce an initial JORC 2012 Mineral Resource estimate for its 100% owned Mt Bonnie zinc-gold-silver deposit of 1.3 million tonnes @ 4.2% Zn, 1.3 g/t Au, 133 g/t Ag, 1.3% Pb, and 0.3% Cu
Successful metallurgical test work on Iron Blow massive sulphides has identified a practical and economic flow sheet to maximise recoveries of the most valuable economic minerals in the resource, being zinc, gold and silver.
Results of the Mt Bonnie drill program continue to exceed expectations and show excellent continuity and consistency of mineralisation in a simple tabular north-west dipping zone of massive sulphides.
Regional exploration has defined 3 distinct areas containing strong gold and base metals anomalies near the Hayes Creek development project
The Company's name has now been changed to PNX Metals Limited, as approved by shareholders at the 2015 AGM
'Junior on High-Grade Path to Development' article which appeared in the Sept/Oct edition of ResourceStocks magazine
Research Report on Phoenix Copper Limited by Breakaway Research, September 2015
Phoenix Copper is pleased to announce agreements have been reached to place funds with existing major shareholders, new sophisticated and professional investors, and Company Directors to raise a total of $1.48M at 1.3c per share
A recent review and re-modelling of 2011 geophysical data at the Joplin prospect has identified a coincident conductive and magnetic body. The Joplin prospect has a similar geophysical signature and dimensions to the Iron Blow and Mt Bonnie deposits..
Final assay results have been received from the remaining six of twelve RC holes drilled at Mount Bonnie in late May 2015. Massive sulphide intersections continue to return consistent high-grade, multi-element mineralisation over a substantial area.
Phoenix Copper Limited (ASX: PNX) is pleased to report that assay results from a further three RC holes drilled at the Mount Bonnie deposit have been received and continue to demonstrate grade and continuity within the deposit along with the potential of continuing mineralisation to the north-west. Highlights include 15m @ 6.99% Zn, 0.78g/t Au, 157g/t Ag, 0.50% Cu, and 1.14% Pb from 54m in MBRC016
Assay results from the first three of twelve RC holes drilled at the Mount Bonnie prospect have been received and are excellent, exceeding the Company’s expectations
Phoenix Copper is pleased to announce that drilling has commenced at its Hayes Creek Project in the Pine Creek region of the Northern Territory. The drill program will comprise of approximately 1,250 metres of RC drilling (11 holes) and will target new mineralised positions and extensions to existing high-grade massive sulphide mineralisation at Mount Bonnie.
Electromagnetic surveying commences at Hayes Creek: Iron Blow and Mt Bonnie as well as two new prospects Clyde and Joplin
The first diamond hole drilled at Iron Blow has been completed and the results are exceptional: Diamond drill hole IBDH023 intersected: 50.39m @ 10.12% Zn, 2.66 g/t Au, 283 g/t Ag, 0.57% Cu, 1.39% Pb from 155.72m including 19.45m @ 15.48% Zn, 2.65 g/t Au, 492 g/t Ag, 0.56% Cu, 2.52% Pb from 156.5m
The first diamond drill hole at Iron Blow (IBDH023) has been completed and visual results are very encouraging, with two thick zones of massive sulphides intercepted
Phoenix Copper is pleased to announce the appointment of Mr James Fox to the Board of Directors. Mr Fox has been the Chief Executive Officer of the Company since May 2012, and will continue as the Managing Director & CEO.
Phoenix Copper has issued 6,260,693 ordinary shares to sophisticated investors for total proceeds of $143,996 and has now placed the majority of the shortfall from its recent Rights Issue
Refer to PNX’s company page at www.asx.com.au for Announcements prior to 1 July 2014.
