Company
PNX Metals Ltd
ASX:PNX
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.
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PNX Metals spots new gold target zone between Fountain Head and Glencoe in NT
“The detailed drone-mag geophysical survey flown over the Fountain Head/Glencoe gold projects has highlighted new targets within the same prospective stratigraphy that hosts the nearby 1.2-million-ounce Cosmo Howley gold mine," PNX MD James
PNX Metals has RC drill turning in bid to grow Glencoe’s 79,000-ounce gold resource
"The current Glencoe mineral resource remains open in all directions and with further drilling success, has the potential to significantly enhance project economics at the company’s proposed Fountain Head Gold development,” said MD James Fo
PNX Metals adds 48,200-ounce Mt Porter gold deposit to Northern Territory asset base
The acquisition is consistent with the company’s strategy to acquire ‘bolt-on’ assets with exploration upside that supports its proposed development.
PNX Metals boosts gold confidence at Glencoe thanks to upgraded resource
Around 443 drill holes worth of data feeds into the update, which increases the gold ounces in Glencoe’s measured and indicated categories.
PNX Metals strengthens geology team with appointment of industry veteran as exploration manager
Dr Michael Green will lead the geology team in formulating and managing the company’s gold and base metals exploration in the Pine Creek region of the Northern Territory.
PNX Metals lodges comprehensive second supplement to Fountain Head draft EIS
“The PNX project team and our environmental consultants have worked tirelessly to provide the supplementary information requested by the NT EPA to support the Fountain Head Gold Project Environmental Impact Statement, in particular around g
PNX Metals' Fountain Head Gold Project development activities remain on time and on-budget
The company has made a strategic decision to target near-term gold production from Fountain Head prior to the development of Hayes Creek
PNX Metals expands Northern Territory exploration footprint with multiple acquisitions prospective for gold, base metals and uranium
“The completion of this earn-in to obtain 100% ownership of five ELs, and the hard-rock rights over three MLs contiguous with our Hayes Creek zinc-gold-silver project continues to improve our development prospects and strengthen our positio
PNX Metals farm-in expands NT gold footprint
PNX Metals has strengthened its position and expanded its gold footprint in a highly prospective region of the Northern Territory.
PNX Metals garners NT government funds for airborne magnetic survey at gold and base metal projects
“This grant approval is a positive development as it flags the start of our new NT exploration season, and additional focus by the NTGS on highlighting the significant gold and base metals prospectivity within the Pine Creek Orogen,” says M
PNX Metals finds new gold-bearing quartz veins through high-grade rock chips at Glencoe deposit
An updated Glencoe gold mineral resource is being finalised and is due shortly.
PNX Metals to divest non-core Moline Project for up to $3 million
“The proposed divestment of a non-core asset realises immediate value for PNX and allows the company to focus on the development of its 100%-owned Fountain Head gold and Hayes Creek gold, silver and zinc projects located in the Pine Creek r
PNX Metals fields $3.9 million from non-renounceable rights issue
PNX’s largest shareholder took up its full entitlement under the rights issue, as did the company’s directors and management.
PNX Metals raising up to A$4.6 million in rights offer to drive development of Northern Territory projects
The funds will support regional and near-mine exploration to expand mineral resources at the company's gold, zinc and silver projects, spearheaded by Fountain Head and Hayes Creek.
PNX Metals extends near-surface gold zones to more than 1.4 kilometres at Glencoe, remaining open in all directions
“Glencoe continues to strengthen with infill and extensional drilling complementing our previous results and supporting the increased scale potential of the deposit,” says MD.