PTX Metals provides updates on various projects in Ontario, sells Dorothy Gold Project

From GlobeNewswire: 2024-06-12 08:00:00

PTX Metals Inc. provides updates on the W2 Cu Ni PGE Project in Northwestern Ontario, completing Phase 1 of a drill program. Engagement of BAW Mining Inc. for Exploration Target modelling. Commencing exploration at the South Timmins JV Gold Projects. Sale of Dorothy Gold Project to Heritage Mining for C$100,000.

The Phase 1 drill program at W2 Project consisted of 1,544 meters. Objectives include testing Cu-Ni-PGE targets, expanding mineralization zones, and exploration of new anomalies. The company aims to generate 3D shell modelling and tonnage/grade estimates as part of an Exploration Target to inform future prospecting strategies at W2.

Exploration programs have started at South Timmins JV projects with focus on the Shining Tree Gold Project. Stripping and sampling near Ronda Mine to follow up on high-grade sample results. PTX Metals divested the Dorothy Gold Project to Heritage Mining for C$100,000 in common shares and a 1.0% NSR.

PTX Metals Inc. is a minerals exploration company with flagship projects in northern Ontario. The company is focused on advancing exploration programs at W2 Copper Nickel PGE Project and South Timmins JV Gold Projects. The goal is to prove the potential of each asset, offering exposure to valuable metals critical for the clean energy transition.



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