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PTX Metals Announces Additional Wide Zones of Near Surface Copper Nickel PGE Mineralization at W2 Project
TORONTO, July 30, 2024 (GLOBE NEWSWIRE) -- PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) (“PTX” or the “Company”) is pleased to announce additional
About this update from Ptx Metals Inc
[{"type":"text","content":" TORONTO, July 30, 2024 (GLOBE NEWSWIRE) -- PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) (“PTX” or the “Company”) is pleased to announce additional drill results from the 1,544 metre diamond drill program on its 100% owned W2 Cu-Ni-PGE Project (“W2” or “W2 Project”), which covers the whole layered Lansdowne House Igneous Complex (LHIC), located in the “Ring of Fire” region of Northwestern Ontario. This drilling program did not include drilling of the recently acquired claims which include the historical resource area known primarily as the Inco Area (“CA”) Zones nor the previously defined W2 Cu-Ni-PGE Deposit (see image – Figure 1 plan view). In addition, the Company has completed the 1D exploration program in June and July at the South Timmins Joint Venture projects on Shining Tree and Heenan and Mallard Gold Projects and gold assays will be reported next week (see press release dated June 12, 2024). The W2 drill holes included both geophysical targets as well as new targets identified from in-house geological and geophysical interpretations. The exploration holes were designed to test the expansion potential of the W2 near surface mineralization trend (identified by 84 historical drill hole results over approximately 7 km), as well as an associated EM (electromagnetic) geophysical trend. Holes W224-04 to -06 were drilled to infill and confirm the mineralization. Confirmation drilling provides additional data and enhances confidence in the historical reported mineralization zones (Transition and AP zones – see Figure 1). These holes have increased PTX’s geological confidence in the mineralized zones’ continuity. Drill holes W224-01 to W224-03 and drill holes W224-07 were exploration drillholes targeting new areas reaching as far as 28 km from the CA zone (see press release on July 24, 2024). Highlights: Three confirmation drill holes (W224-04, W224-05, and W224-06) successfully confirmed over 7 km near-surface Cu-Ni-PGE mineralization, primarily in the AP zone and transition zone located between the two CA Zones1. Drill hole W224-04 - The positive outcomes of these drill holes have substantially increased PTX’s geological confidence in the deposit’s continuity. Drillhole W224-04 intercepted a PGE-dominant upper anomalous zone, with 0.41g/t PGE (Pt+Pd) over 3.00 m starting at 64.00 m. Below this interval,...