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PTX Announces Commencement of a Phase 2 Program at W2 Cu-Ni-PGE Project, Ontario
Toronto, Ontario--(Newsfile Corp. - April 1, 2025) -   PTX Metals Inc. (CSE: PTX) (OTCQ...
About this update from Ptx Metals Inc
[{"type":"text","content":"PTX Announces Commencement of a Phase 2 Program at W2 Cu-Ni-PGE Project, OntarioToronto, Ontario--(Newsfile Corp. - April 1, 2025) -  PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF) (FSE: 9PX) (\"PTX\" or the \"Company\"), a mineral exploration company focused on high-quality Cu-Ni-PGE and gold projects in northern Ontario, is pleased to announce the commencement of a Phase 2 program at its 100% owned W2 Cu-Ni-PGE Project (W2 Project) along with plans for subsequent work programs. The W2 Project is a 22,000-hectare property located directly southwest of the Ring of Fire, Ontario.Drilling Program:The Phase 2 drill program consists of up to 10 holes that are designed to test and expand zones of mineralization in the CA_1 and CA_2 in the Central Target Area. Preliminary results from the first five holes drilled have shown intercepts of visible mineralization as disseminated, semi-massive to massive sulfides over significant widths. Assay results have yet to be received. A key priority is bringing the exploration target outline of September 4th, 2024, to a potential mineral resource estimate and expansion of mineralization in the \"Interzone\" located between the CA_1 and CA_2 zones, that could cumulate 4 km strike length. (see Figure below). Drill targets were generated from a newly developed 3D geological model led by SunDog Geology over the Central Target focused on the CA Zones. A similar model will be completed on the AP zones in April. This new interpretation will lead to expanding the mineralized corridor of the CA zones toward the northeast de-risking further work spending. Additionally, the Company has completed a property-wide HeliGT Magnetic Survey (\"Mag Survey\") of 3,191 line-km, for which both the 3D geological model and the Mag survey results will be announced shortly. Such compilation aims to build confidence in growing a larger mineralized system starting with the Central Target and simultaneously defining new areas of interest across the W2 Project. [Source: January 22, 2025. Hogg & Associates property-wide high resolution airborne magnetic survey on its W2 CU Ni PGE project]. Figure: Zoom in on the Central Target Area and its main zones of mineralization. Showings of focused areas: CA1, CA1_inter, CA2, AP, AP North, AP East. Base layer is the geology overlaying initial results of the most recent Heli-GT M...