PTX Metals receives exploration permit for W2 Cu-Ni-PGE-Au Project in northern Ontario

From GlobeNewswire: 2024-12-02 08:30:00

PTX Metals Inc. has received an additional exploration permit for the CA Zones within its W2 Cu-Ni-PGE-Au Property in northern Ontario. The permit covers approximately 2,650 hectares and is valid for three years, allowing for over 20 drill pad locations.

The exploration target for the W2 Project includes five mineralized zones with estimates ranging from 59-135 million tonnes of Copper Equivalent. This equates to 610,000 to 1,052,000 tonnes CuEq or 1.3 billion to 2.3 billion pounds CuEq.

PTX Metals has focused on working with local indigenous communities and the Ministry of Mines as exploration activities continue. The Company aims to bring significant economic benefits to the region through its projects in northern Ontario.

The Company’s technical team has strengthened with direct experience in the region, leading to the successful consolidation of the W2 Project. The recent exploration permit for the CA Zones is a significant step in derisking the project and advancing exploration activities.

PTX Metals is a mineral exploration Company with a focus on critical minerals projects in northern Ontario. The company’s portfolio includes high-quality assets such as the W2 Cu-Ni-PGE and gold Project, as well as the South Timmins Gold Joint Venture Project.



Read more at GlobeNewswire: PTX Metals Receives Additional Exploration Permit for Its