PXG 0.00% 15.0¢ phoenix gold limited

As goes NGF so goes PXG, page-10

  1. 6,287 Posts.
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    Well we do have 11,125m of drilling assays is expected in the March Quarter from theCastle Hill project on the Kunanalling Shear.. could well add some much needed grade and extensions to the mineralisation at the project ..

    Yes overall PXG grade is at the lower scale the 2.3mtpa heap leach plant about to be purchased and set-up will be taking care of the 280koz of current low grade ore reserves ...

    the other 880koz reserves are round 1.5g/t Mill grade (higher grade than the likes of OGC.asx 1.3g/t NZ operations which have been profitable for many years)

    Think we will see PXG lift the overall mill grade with the latest drill results ,,,
    in the mean time NGF/Zijin + other major investors our happy to pump another 6mill into PXG coffers ...and non holders well they can talk dregs rubbish all they want ...
    Last edited by Sharetrader78: 13/02/15
 
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