Growth Ambitions and Development Updates
Exploration Overview
Target generation for large-scale, standalone discoveries
•
Pine Creek region hosts >10moz gold endowment
Gold mineralisation typically occurs within structurally-
controlled zones of sulphide-bearing quartz veins and
stockworks proximal to regional scale anticlinal fold hinges
All known deposits at Pine Creek were outcropping
Virtually no drill testing below cover
PNX's drilling database comprises nearly one million
metres of drilling; >A$120m replacement cost
Most drilling associated with known mineralisation and to
shallow depths: Average depth of RC drilling 64 metres, &
147 metres for diamond
INTERPRET AEROMAGNETICS
Identify major structural features
DATA COMPILATION & VERIFICATION
Cross checking historic data with NT Mines reports
TARGET GENERATION
Empirical and conceptual criteria
TARGET RANKING
Based on potential to host a 'standalone' gold deposit
Compilation Statistics of all drilling on PNX's Burnside Project
•
Large portion of landholding remains
untested in the primary zone
Drill type
Unknown
no of holes
metres
991
10,630
Vac
7,233
AC/RAB
1,176
RC
9,999
Diamond
1,010
totals
36,409
28,638
166,971
632,920
147,709
986,867
Field work to re-commence after the NT
wet season
average
11
4
10
Est unit cost
$20
$10
$20
Est value
$212,600
$72,330
$3,339,418
64
$130
$82,279,600
147
$250
PNZ
METALS
$36,927,143 $122,831,091
Source: Terrace Minerals
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