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viewPNX Metals Ltd
(
ASX:PNX
)

PNX Metals' Fountain Head Gold Project development activities remain on time and on-budget

Snapshot

  • PNX Metals high-grade surface rock chips highlight potential for Glencoe gold deposit extensions
  • PNX Metals tables positive PFS supporting long-term gold, silver, zinc project development
  • PNX Metals begins drilling at Fountain Head gold project
PNX Metals Ltd - PNX Metals committed to growing flagship Fountain Head and Hayes Creek project towards development

Quick facts: PNX Metals Ltd

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ASX:PNX

Price: 0.0065 AUD

Market Cap: $23.74 m

About the company

PNX Metals Ltd (ASX:PNX) has a large tenement portfolio containing a mix of gold, silver and zinc assets in the Pine Creek region of the Northern Territory.

Total contained gold in PNX’s projects to date is close to 400,000 ounces.

The advanced Fountain Head Project hosts a mineral resource of 2.94 million tonnes at 1.7 g/t gold for 156,000 ounces of gold.

How it is doing

23 Sep 2021

PNX Metals Ltd (ASX:PNX) has received encouraging assays from rock chip samples that point to extensions of the Glencoe gold deposit in the Northern Territory's Pine Creek region.

New surface rock chip sampling taken during geological mapping up to 400 metres east of the existing Glencoe gold deposit has returned high-grade gold, including:

In addition, geological mapping and face sampling within the historic Glencoe open pits has strengthened PNX’s geological understanding and also returned high-grade gold, including:

PNX managing director James Fox said: “These new high-grade rock chip results support our view that the Glencoe gold deposit extends well beyond the limits of historic drilling.

14 Sep 2021

PNX Metals Ltd (ASX:PNX) has intersected new zones of near-surface high-grade gold mineralisation at the Glencoe deposit, 170 kilometres south of Darwin and 3 kilometres north of the Fountain Head Gold Project in the Northern Territory’s Pine Creek region.

Highlights from the latest reverse circulation drilling include:

11 Aug 2021

PNX Metals Ltd (ASX:PNX)’s latest round of reverse circulation drilling has highlighted new pockets of open mineralisation at its wholly-owned Fountain Head Gold Project in the Northern Territory.

The gold explorer set out to define near-surface mineralisation at the precious metals project with the potential to augment its existing mine plan.

Insight: PNX Metals tables positive PFS supporting long-term gold, silver, zinc...

17 Jun 2021

PNX Metals Ltd's (ASX:PNX) positive pre-feasibility study (PFS) outlines the technical and financial payoff involved with bringing its Fountain Head gold and Hayes Creek gold-silver-zinc projects into production.

The gold and base metal producing hopeful presented the study this morning, breaking down the estimated financial performance and production metrics linked to its Northern Territory assets.

What management says

23 Jun 2021

PNX Metals Ltd's (ASX:PNX) James Fox tells Proactive a reverse circulation drill program of up to 2,800 metres has commenced at its Fountain Head gold project. He says the program aims to test newly identified exploration targets with the potential to host additional ‘near-mine’ gold resources.

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PNX Metals begins drilling at Fountain Head gold project

PNX Metals Ltd's (ASX:PNX) James Fox tells Proactive a reverse circulation drill program of up to 2,800 metres has commenced at its Fountain Head gold project. He says the program aims to test newly identified exploration targets with the potential to host additional ‘near-mine’ gold resources.

on 23/6/21

5 min read