Business
Platinex Stakes Muskox Property, Northern Canada
TORONTO, March 3 /CNW/ - Platinex Inc. (TSXV: PTX) today announced it has staked 82,600 acres (33...
About this update from Ptx Metals Inc
[{"type":"text","content":"\n\n\n\nTORONTO, March 3 /CNW/ - Platinex Inc. (TSXV: PTX) today announced it has\nstaked 82,600 acres (33,441 ha) on the Muskox Intrusion, in Nunavut Territory,\nnorthern Canada.\n\n\nThe Muskox intrusion is among the world's largest layered mafic\nintrusions and rivals the Bushveld complex of South Africa in size. Previous\nwork on adjacent areas infers the existence of a PGE reef beneath the hidden\nportion of the Muskox intrusion as well as the possibility of a contact\ndeposit at depth.\n\n\nJames R. Trusler, Platinex President and CEO, explained, "Many of the\nworld's PGE experts agree that the Muskox intrusion is the most prospective\nlarge scale geological target for PGEs in North America."\n\n\nAt Muskox, Platinex first intends to conduct ground exploration with\nfollow up drilling commencing as early as late spring."\n\n\nJames R. Trusler is the qualified person for the purpose of this release.\n\n\nVisitors to the PDAC 2008 convention in Toronto may wish to stop by the\nCompany's hospitality suite at the Fairmont Royal York Hotel, Prince Edward\nIsland room on the Mezzanine level, both today, Monday, March 3 and Tuesday,\nMarch 4, from 5 p.m. to 9 p.m.\n\n\nAbout Platinex Inc.\n\n\nPlatinex is a Canadian exploration company based near Toronto. Platinex\nfocuses on carefully selected Platinum Group Element targets in settings\nanalogous to the JM reef (Stillwater Complex, Montana) and the Merensky and\nUG2 reefs (Bushveld Complex, RSA). Platinex is determined to find platinum\nsources to be used in the campaign to eliminate the threat of global warming.\nShares of Platinex are listed for trading on the TSX Venture Exchange under\nthe symbol PTX.\n\n\nTo receive Company press releases, please email [email protected] and\n mention "Platinex" on the subject line.\n\n\nFORWARD-LOOKING STATEMENTS:\n\n\nExcept for statements of historical fact, all statements in this news\nrelease - including, without limitation, statements regarding future plans and\nobjectives, are forward-looking statements that involve various risks and\nuncertainties. There can be no assurance that such statements will prove to be\naccurate; actual results and future events could differ materially from those\nanticipated in such statements.\n\n\nTHE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT\n\n\nRESPONSIBILITY FOR ...