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PNX Metals intersects more near-surface mineralisation at Glencoe gold deposit

smallcaps.com.au
2 min read
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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 along strike for at least 450m east of the project's North-Central historic pit.

Immediate extensions to near-surface gold were also delineated, extending the strike by more than 200m to the southeast of the inferred Glencoe resource estimate of 2.1 million tonnes grading 1.2 grams per tonne gold for 79,000 ounces.

High-grade, near surface gold in rock chips grading up to 6.02g/t have been previously reported in the area.

Gold-rich…
Imelda Cotton Has Over Years Experience As A Journalist, Communications Professional. She Has Spent The Bulk Of Her Career In The Resources Sector, Having Also Worked Directly With Oil, Gas Majors, As A Journalist Covering A Vast Array Of Asx Listed Companies Within The Resources, Energy, Science, Health Sectors.
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