updated patersons report available, page-3

Interesting research, well worth a read. Link:

http://www.phoenixgold.com.au/media/26657/phoenix_gold_limited%5B1%5D.pdf

I like how the pipeline shows that they plan to mine Rayjax in the December quarter - With that in mind, it will be interesting to see what the JORC resource comes out at before the end of this month.



"Despite excellent access, the region is underexplored at depth. Previous drilling within PXG?s tenure has been shallow and clustered with few holes drilled >60m. With extensional drilling targeting high grade gold mineralisation along strike and at depth of known deposits
the potential for ?high impact? intercepts is very realistic.The acquisition of the Blue Funnel deposit in March 2011 falls into the Broads Dam project and consolidates a landholding of 14kms continuous strike along the under explored Zuleika Shear."