Growth Ambitions and Development Update
Stage 1 Incorporates Glencoe
Near-surface high-grade gold zones extended to over 1.4 km and remains
open in all directions
•
•
54 RC holes drilled in 2021, including:
6m at 3.84 g/t Au from 36m in GLRC044
2m at 8.58 g/t Au from 10m in GLRC045
8m at 1.52 g/t Au from 80m in GLRC048
20m at 1.01 g/t Au from 72m in GLRC052
5m at 1.61 g/t Au from 11m in GLRC053
12m at 1.05 g/t Au from 43m in GLRC054
3 hole diamond drilling commenced
Updated resource end Q1 2022
Glencoe Project PNX Exploration Drilling
100m Ri
-80m RL-
GLRC048-0-5 m
5 m at 0.70 g/t Au
GLRC048
GLRC049
BLRC050
GLRC049-14-25 m
11 m at 1.03 g/t Au
SECTION 4340 E
Glencoe Local Grid North
100mRt
GLRC050-24-29 m
5 m at 1.02 g/t Au
60m-RL
Base of Oxidation
ML 29679 Glencoe Project
8513000 N
770500 E
Ban Ban Springs Road
771000 E
West
GLRC054
16m at 1.02 g/t Au
12m at 1.05 g/t Au
GLRC052
20m at 1.01 g/t Au
Mid
Central
GLRC053
5m at 1.61 g/t Au
North Central
South Central
East
GLRC050
5m at 1.02 g/t Au
GLRC049
21m at 0.90 g/t Au
GLRC048
20m at 1.00 g/t Au
GLRC045
2m at 8.58 g/t Au
60m RL
GLRC048-35-61 m
26 m at 0.57 g/t Au
40m RL
Aug/t
>1.0
0.7-1.0
GLRC048-68-88 m
20 m at 1.00 g/t Au
-20m RL
0.4-0.7
0.2-0.4
0.1-0.2
0.05-0.1
<0.05
PNZ
METALS
512500 N
60m-RL-
Map Grid: GDA94 (Zone 52)
GLRC049-70-74 m
4 m at 1.35 g/t Au
40m RL
0
250
500 m
-20m-RL-
0
25 m
Interpreted Mineralised Zones
Approx. 0.5 g/t Au cut off
*See Appendix for further details including Full Mineral Resources
GLRC044
6m at 3.84 g/t Au
18View entire presentation