PNX Metals raising funds for high-grade gold and massive sulphides
PNX Metals (ASX:PNX) has been granted a trading halt by the ASX this morning, with its shares placed in pre-open.
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: A Robust Polymetallic Project
PNX Metals (ASX:PNX) has received coverage from the Kamara Group. The following is an extract from the report.
PNX Metals hits high grade gold with first holes at Moline Project
PNX Metals has drilled up to 23.7 g/t gold from Moline.
PNX Metals Ltd hits thick massive sulphides in first holes at Iron Blow
Four holes for 1,200 metres have been completed at Iron Blow as part of the a planned 32 hole program.
PNX Metals Ltd completes sale of Leigh Creek, assays expected
PNX’s focus is on its four projects located in the Pine Creek Region, 180 kilometres south of Darwin.
PNX Metals Ltd hits the exploration trail in known gold district
Drilling will take around two weeks, and target high-grade gold shoots.
PNX Metals Ltd discovers near surface extension to Mt Bonnie deposit
Results include 6 metres at 2.61 g/t gold, 345 g/t silver, 0.22% zinc, 3.22% lead and 0.4% copper from 3 metres depth.
PNX Metals Ltd's drilling success delivers scale potential at Mt Bonnie
Results include 29 metres at 1.02 g/t gold, 187 g/t silver, 5.26% zinc, 1.44% lead and 0.29% copper.
PNX Metals drilling new high priority conductors, Mt Bonnie assays imminent
PNX Metals Ltd has commenced drilling in the Pine Creek region of the Northern Territory.