Announcement Date: 2023-10-18
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: PNX Metals Ltd.
Project name: Burnside
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 1m at 14.9g/t Au from 2m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: PNX Metals Limited (ASX: PNX) (“PNX” “the Company”) is pleased to announce further positive gold results from the high-grade C6 gold prospect. The C6 prospect is part of PNX’s Burnside Northern Leases in the Pine Creek region of the NT, with the main high-grade zone located on its 100% owned EL31893, approximately 100 km south of Darwin and 35 km NNW of PNX’s Fountain Head gold development project. The Northern Leases host multiple kilometre-scale gold targets with the potential for economically significant gold mineralisation along the same structural corridor as Cosmo Howley (owned by Agnico Eagle Mines Ltd) and numerous other gold deposits (refer ASX release 13 February 2023).
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