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Platinex Appoints Dr. Fred Breaks to Muskrat Dam Critical Minerals Project Advisory Board and Increases Project Size
TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) -- Platinex Inc. (CSE: PTX) (Frankfurt 9PX) (“Platinex” or the “Company”) is pleased to announce additional information
About this update from Ptx Metals Inc
[{"type":"text","content":" TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) -- Platinex Inc. (CSE: PTX) (Frankfurt 9PX) (“Platinex” or the “Company”) is pleased to announce additional information about its recently acquired Muskrat Dam Critical Minerals Project (the “Muskrat Dam Project” or the “Project”) including the appointment of members of an advisory committee to assist the Company with the development of the Project. With additional staking in December 2022, Platinex’s Muskrat Dam Property now totals 12,934 hectares (129 km2) which includes the 7,025 hectare (70 km2) Axe Lake property, which shows the potential to host lithium-bearing pegmatites and will be the focus of initial exploration activity at the Project. The Muskrat Dam Project is located in Northwestern Ontario approximately 125 km northeast of Frontier Lithium’s PAK lithium project and 125 km northwest of Newmont’s Musselwhite gold mine. The Project comprises six (6) property blocks in the highly prospective Muskrat Dam Lake (MDGB) and Rottenfish River (RRGB) greenstone belts (see Figures 1 and 2), where multiple groups have recently staked claims. Platinex is pleased to have Dr. Fred Breaks join the Company as a technical advisor. A noted expert on lithium, he discovered the two largest lithium-rich rare-element deposits (Li-Ta-Rb-Cs) in Ontario: Separation Rapids Pegmatite of Avalon Advanced Materials Corp. and Pakeagama Lake Pegmatite of Frontier Lithium. In addition, Mr. Ike Osmani, a technical advisor to the Company on the Shining Tree and W2 programs, will also provide technical assistance on the Muskrat Dam Project. Both Dr. Breaks and Mr. Osmani are experts in the geology of Northwestern Ontario and have knowledge of the Muskrat Dam Project area through previous work at the Ontario Geological Survey and research reports covering the MDGB and adjacent North Caribou and Sandy Lake greenstone belts. Combined with Jim Trusler’s previous lithium experience including work for Teck Corporation and privately a mineral valuation, and later acquisition, of the Georgia Lake lithium deposit, their involvement will benefit Platinex’s exploration activities at the project. Project Geology A newly recognized major high-strain zone, the northwest-trending Axe Lake deformation zone (ALDZ), as termed here, is interpreted to pass through the Axe Lake and Munekun Lake properties (Figure 1). This major, reg...