News

High Grade Gold at Moline, NT

2017-06-03T00:18:55+09:30

PNX has intersected high-grade gold mineralisation in its first two holes drilled at the Moline Exploration Project (MLN1059), located less than 1.5km off the Kakadu Highway, and approximately 65km to the east of the Hayes Creek gold-silver-zinc project in the NT.  MORC002 intersected 7m @ 11.9g/t Au from 115m down hole, including 3m @ 23.7g/t from 116m  

High Grade Gold at Moline, NT2017-06-03T00:18:55+09:30
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Excellent Zinc/Precious Metals Results – Hayes Creek Iron Blow

2017-06-03T00:18:55+09:30

Excellent zinc, gold and silver assay results from the first diamond drill hole (IBDH039) from the 32 hole, 3500 metre infill and extensional drill program at Hayes Creek - Iron Blow: 16m @ 18.4% ZnEq (10.70% Zn, 4.80g/t Au, 256g/t Ag, 2.42% Pb, 0.37% Cu) from 138m, including; 11m @ 25.9% ZnEq (15.78% Zn, 6.32g/t Au, 343g/t Ag, 3.42% Pb, 0.55% Cu) from 139m

Excellent Zinc/Precious Metals Results – Hayes Creek Iron Blow2017-06-03T00:18:55+09:30
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Drilling Commenced at Moline Gold Targets

2017-06-03T00:19:04+09:30

PNX has commenced a 16 hole RC drill program at Moline, located less than 1.5km off the Kakadu Highway and approximately 65km to the east of the Hayes Creek Project.  The drill program will test new extensions to three known gold mineralised structures, and evaluate the base metals potential of the area

Drilling Commenced at Moline Gold Targets2017-06-03T00:19:04+09:30
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Discovery of South Extension to Mt Bonnie

2017-06-03T00:19:04+09:30

New near-surface southerly extension to mineralisation discovered at Mt Bonnie, extending approximately 100 metres beyond the limit of previous drilling and open to the south and at depth.  Additional drilling now planned to increase geological confidence in this area, with an updated mineral resource estimate due by end of 2016      

Discovery of South Extension to Mt Bonnie2017-06-03T00:19:04+09:30
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High-Grade Gold-Silver-Zinc Results Continue at Mt Bonnie

2017-06-03T00:19:04+09:30

Assay results from a further 9 of 27 reverse circulation (RC) and diamond holes at Mt Bonnie, including 29m @ 1.02g/t Au, 187g/t Ag, 5.26% Zn, 1.44% Pb, 0.29% Cu from 75m in MBRC048, including 8m @ 1.25g/t Au, 388g/t Ag, 10.01% Zn, 2.73% Pb, 0.51% Cu from 87m) 7m @ 3.08g/t Au, 446g/t Ag, 10.93% Zn, 3.19% Pb, 0.50% Cu from 72m in MBRC063    

High-Grade Gold-Silver-Zinc Results Continue at Mt Bonnie2017-06-03T00:19:04+09:30
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Drilling to Commence at Barossa VMS Targets

2017-06-03T00:19:04+09:30

PNX has commenced drilling activities at Barossa (Burnside Project, less than 20km to the north-west of the Hayes Creek gold-silver-zinc project)  where two initial diamond drill holes for a total of 235 metres are proposed to test the highest-priority electromagnetic responses among nine VTEM anomalies at the prospect    

Drilling to Commence at Barossa VMS Targets2017-06-03T00:19:04+09:30
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Excellent High-Grade Gold-Silver-Zinc results at Mt Bonnie

2017-06-03T00:19:04+09:30

PNX has received assays from 4 of 27 RC and diamond holes drilled as part of an infill and extensional drill program at Mt Bonnie.  Near-surface sulphide mineralisation has been intercepted directly below the historical open pit as predicted by the geological model and overall, metal grades and widths of mineralisation are excellent

Excellent High-Grade Gold-Silver-Zinc results at Mt Bonnie2017-06-03T00:19:04+09:30
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Drill Program Completed at Mt Bonnie

2017-06-03T00:19:13+09:30

PNX has successfully completed 27 holes for 1,826 metres of infill and extensional reverse circulation (RC) drilling at Mt Bonnie.  Diamond drilling to commence at Iron Blow and also at 2 exploration targets, and results of assays results Langleys drill program

Drill Program Completed at Mt Bonnie2017-06-03T00:19:13+09:30
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PNX Raises $1.5M to Complete Hayes Creek PFS

2017-06-03T00:19:13+09:30

$1.5 million raised via a share placement at 1.9 cents to institutional and sophisticated investors. Funds raised will primarily be used to complete the PFS on the Company’s flagship Hayes Creek gold-silver-zinc project, as well as for regional exploration and drill testing gold and base metals targets in the Pine Creek region

PNX Raises $1.5M to Complete Hayes Creek PFS2017-06-03T00:19:13+09:30
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Refer to PNX’s company page at www.asx.com.au for Announcements prior to 1 July 2014.