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PAYNES FIND GOLD LTD

ASX: PNE

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Description

Paynes Find Gold Limited is a gold exploration company focused on exploring for viable mineral deposits at Paynes Find, an historically significant gold producing region 420km Northeast of Perth, Western Australia and serviced by the sealed, Great Northern Highway and an airstrip.

PFGL has a significant tenement package that includes practically all of the historic Paynes Find Goldfield covering 940ha. Within PFGL’s tenement area, which is some 5.5km long by 2km wide, ten major gold-bearing lode lines had been identified together with 36 historic gold mines that mined grades ranged from 15g/t Au to as much as 150g/t Au.

Since listing on the ASX (2 December 2010), the Company has completed geological and structural mapping at scales of 1:5000 and 1:2000 which has identified 41 gold mineralised quartz reefs over a width of 600m across the main northern section of the Paynes Find Goldfield. This is a significant increase on the 10 main reefs reported on in the Prospectus.

Mine For

gold

Location of operation(s)

Western Australia

Address

Ground Floor, Suite 1 437 Roberts Road
SUBIACO, WA, Australia

Phone

+61 8 9481 3992

Email

Website


Last Updated

26/3/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.