PNX Metals samples exceed 100g/t Au at Northern Territory exploration leases

PNX Metals (ASX:PNX) has returned ‘very high-grade’ gold assays from surface rock chip samples collected at the C6 gold prospect within its Burnside Northern Lease in the Northern Territory.

The company says 22 rock chip samples were collected from quartz-gossan units, with all samples returning elevated gold. Of these, 5 samples returned over 100g/t Au, with a peak value of 186.6g/t Au. Some of the other top assays include C6N23AB077 with 143.4g/t Au and C6N23AB083 with 160.5g/t Au.

Commenting on the gold assays, PNX Metals Managing Director James Fox says: “These assay results and field observations significantly upgrade the prospectivity of the C6 corridor and warrant an accelerated exploration program. 

“These assay results and field observations significantly upgrade the prospectivity of the C6 corridor and warrant an accelerated exploration program”

Further mapping and sampling programs will start immediately, with costeans and aircore drilling to commence from late June to trace the near-surface extent and orientation of the mineralisation prior to RC drilling.”

PNX Metals is an ASX-listed company that holds a ‘large’ tenement portfolio encompassing a ‘unique’ mix of gold and silver assets less than 170km south of Darwin in the Pine Creek region of the Northern Territory. 

The C6 prospect is located about 25km from the company’s Fountain Head and Hayes Creek zinc, gold, and silver development projects.

Images: PNX Metals Ltd
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.