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PTX Metals Inc. Intercepts 235m of Mineralization, the Widest Near-Surface Mineralized Interval to Date at Its W2 Cu-Ni-PGE and Gold Project
Toronto, Ontario--(Newsfile Corp. - May 27, 2025) - PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF) (...
About this update from Ptx Metals Inc
[{"type":"text","content":"PTX Metals Inc. Intercepts 235m of Mineralization, the Widest Near-Surface Mineralized Interval to Date at Its W2 Cu-Ni-PGE and Gold ProjectToronto, Ontario--(Newsfile Corp. - May 27, 2025) - PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF) (FSE: 9PX) (\"PTX\" or the \"Company\"), a mineral exploration company focused on Cu-Ni-Au-PGE and Gold projects in Ontario, announces initial assay results from two drill holes of its Phase 1 of 2025 drilling program at the W2 Cu-Ni-PGE and Gold Project located in the Ring of Fire, northwestern Ontario, Canada (the \"W2 Project\"). This marks the first drill campaign in the CA zones (CA1 and CA2 see attached image) since 1990s, aiming to infill, confirm and expand historical reported drill results. Assays are pending for the additional drillholes.The W2 Project drilling strategy targets near-surface copper-bearing disseminated sulphide mineralization and aims to demonstrate the continuity of the system along strike and at depth. Based on the current and historical drilling, combined with geophysical surveys, the central target area is interpreted to extend for approximately 8 km in strike length and remains open at depth (see press release of May 7th, 2025). The second objective of the exploration program was to better delineate semi-massive to massive sulfides mineralization as well as Nickel sulphides in the CA zones reported by historical mineral exploration work, and to evaluate the presence of Gold and Platinum Group Elements (PGEs) that were not assayed in many historical drill holes.Historical drilling was selective in assaying for all commodities and selective sampling procedures occurred. As a result, the Company has systematically assayed for Copper, Nickel, Gold, Palladium, Platinum and Cobalt and is now not reporting using Metal Equivalents and seen substantial improvements in the widths of mineralization with these practices. Additionally, for simplification purposes, Cu+Ni (%) and Au+Pt+Pd (g/t) are reported below as the arithmetic sum of individual commodity per interval chosen. Individual grades by commodity are also shown in table 1. Highlights - Drill Holes W225-10 and W225-11 Drillhole W225-10 intercepted the widest mineralized near-surface intercept to date, which reports a width of 235.14 m of mineralization, starting directly after the overburden at 19.86m. Located 3 km away ...