News

Discovery of South Extension to Mt Bonnie

2017-06-03T00:19:04+10:30

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      

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High-Grade Gold-Silver-Zinc Results Continue at Mt Bonnie

2017-06-03T00:19:04+10:30

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    

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Drilling to Commence at Barossa VMS Targets

2017-06-03T00:19:04+10:30

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    

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Excellent High-Grade Gold-Silver-Zinc results at Mt Bonnie

2017-06-03T00:19:04+10:30

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

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Drill Program Completed at Mt Bonnie

2017-06-03T00:19:13+10:30

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

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PNX Raises $1.5M to Complete Hayes Creek PFS

2017-06-03T00:19:13+10:30

$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

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