FULL DISCLOSURE: PTX Metals is a sponsor of theDeepDive.ca.
PTX Metals (TSXV: PTX) has completed the compilation of geophysical data at their W2 copper-nickel project in Ontario. The compilation of data has resulted in positive results from a 3D inversion that was conducted following the completion of a magnetic survey.
Results from the magnetic survey are said to suggest that a magmatic causative source exists, which correlates with the mapped magnetic gabbro. 3D inversion has confirmed a pattern of a folded horizon extending for eight kilometres in strike length, as suggested by an initial geological interpretation conducted earlier this year.
Near surface bulk tonnage targets have been identified as a result of the geomagnetic work, with the data suggesting a stacked zone could reach up to 1,850 metres in width and extending to depth.
Overall, the data is said to suggest that a mineralized horizon exists within the gabbro with a tendency for higher grade zones at contact with the metavolcanics unit.
Exploration continues for PTX following the collection of this data, with metallurgical testing, a paragenesis study, and age dating study being conducted on the gabbroic horizons using drill core from the 2024 and 2025 exploration programs. A drill program is also planned, the details of which are to be released shortly.
A separate LiDAR survey was also flown in October, the results of which are expected in early January which will be used to assist in future resource modeling and locating historic work on the property.
PTX Metals last traded at $0.10 on the TSX Venture.
FULL DISCLOSURE: PTX Metals is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover PTX Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
