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Fountain Head Gold – New High-Grade Results

2020-03-16T09:38:16+10:30

The Company is pleased to provide an update on drill assays received from the Fountain Head gold development, part of the Company’s Hayes Creek Project, located in the Pine Creek region of the Northern Territory. Exceptional gold grades continue to be reported from recent Reverse Circulation (RC) drilling with numerous zones of mineralisation returning grades above the anticipated 0.5 g/t Au mining cut-off grade. Assay results reported in drill holes FHRC149, FHRC152, FHRC154 and FHRC156 in particular confirm high-grade continuity and mineralised extensions along modelled cross cutting and bedding parallel structures, supporting the Mineral Resource Estimate and increasing confidence in

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