PNX
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Company News
Kin Mining merges with PNX Metals to target extensive Australian resource base
Kin Mining (ASX: KIN) has proposed a $123 million merger with PNX Metals (ASX: PNX) to create a diversified exploration group with base metals and uranium assets in Western Australia and the Northern Territory. The assets host total mineral resources in excess of 1.4 million ounces gold, 16.2Moz silver and 177,000 tonnes zinc with significant […]
PNX Metals intersects more near-surface mineralisation at Glencoe gold deposit
Maiden drilling at the eastern extensional zone of PNX Metals’ (ASX: PNX) Glencoe deposit in the Northern Territory continues to intersect near-surface gold mineralisation beyond the existing mineral resource estimate. Exploration has extended the strike a further 80m to the east of drilling completed in September and infill holes have demonstrated continuity of the mineralisation […]
PNX Metals starts extensional drilling at Glencoe gold deposit
Junior explorer PNX Metals (ASX: PNX) has commenced reverse circulation drilling at the eastern zone of the recently-acquired Glencoe gold deposit, located north of its Fountain Head gold project in the Northern Territory. Drilling will focus on the zone’s extensional area and will aim to increase confidence in Glencoe’s current inferred resource estimate which sits […]
PNX Metals identifies more gold east of Glencoe deposit
Northern Territory explorer PNX Metals (ASX: PNX) has unearthed high-grade gold from a rock chip sampling program east of the existing Glencoe deposit within the Fountain Head gold project. PNX says the results from the sampling highlight the potential for “significant” extensions to the gold deposit. Rock chip samples were collected from outcropping quartz sulphide […]
Maiden drilling at Glencoe intersects high-grade gold zones for PNX Metals
Maiden drilling at PNX Metals’ (ASX: PNX) newly-acquired Glencoe gold deposit near Pine Creek in the Northern Territory has intersected multiple zones of near-surface, high-grade mineralisation. A program of 27 reverse circulation holes for 2,352m identified immediate extensions to near-surface mineralisation southeast of an inferred mineral resource estimate released in April of 2.1 million tonnes […]
Drilling at Fountain Head gold project highlights new areas of open mineralisation for PNX Metals
Exploration drilling at PNX Metals’ (ASX: PNX) Fountain Head gold project in the Northern Territory has highlighted new areas of open mineralisation outside the current mineral resource envelope. Drilling aimed to identify areas of near-surface mineralisation with the potential to augment the project’s existing mine plan, and also to test for significant mineralisation in the […]
PNX Metals begins drilling Glencoe to firm up more gold ounces for Fountain Head operation
PNX Metals (ASX: PNX) has begun drilling at the recently acquired Glencoe gold deposit, which is just 3km north of its flagship Fountain Head project in the Northern Territory’s Pine Creek region. The company is undertaking a 2,000m reverse circulation program at Glencoe, with about a third of the campaign design to test for extensions […]
PNX Metals engages Como Engineers to fast-track processing plant development at Fountain Head gold project
Junior explorer PNX Metals (ASX: PNX) has engaged Como Engineers to complete detailed engineering and design work relating to the processing plant and infrastructure at its wholly-owned Fountain Head gold development in the Northern Territory. Como specialises in fit-for-purpose solutions and utilises modular and transportable equipment in its plant designs. PNX will be working with […]
PNX Metals starts drilling high-priority targets at Fountain Head gold project
Junior explorer PNX Metals (ASX: PNX) has commenced a reverse circulation drilling campaign at its Fountain Head gold project in the Northern Territory to test new near-surface targets for high-grade mineralisation. The four-week campaign is the first of its kind since PNX released a mineral resource estimate for the project in June last year totalling […]
PNX Metals delivers positive PFS for Fountain Head and Hayes Creek
Exploration junior PNX Metals (ASX: PNX) has revealed results of a pre-feasibility study (PFS) that supports the sequential development of its wholly-owned Fountain Head gold and Hayes Creek gold-silver-zinc projects in the Northern Territory. Both projects are located about 170km south of Darwin in the territory’s Pine Creek region and host a combined mineral resource […]
