FULL DISCLOSURE: This is sponsored content for PTX Metals.
PTX Metals (TSXV: PTX) has intersected the widest near surface mineralized interval to date at its W2 Copper-Nickel-Platinum Group Element and gold project in Ontario. The intercept follows a phase one drill program being conducted at the property, with first results of which have now been received from the assay lab.
The phase one program represented the first drilling conducted on the CA zones since the 1990’s, with the program focusing on infill drilling alongside confirming and expanding historical results. Highlights from the results include:
- W225-10: 235.14 metres of 0.17% copper, 0.08% nickel, and 0.18 g/t gold+platinum +palladium from a depth of 19.86 metres
- Including 26.14 metres of 0.30% copper, 0.07% nickel, and 0.14 g/t gold+platinum+palladium
- Including 5.36 metres of 0.59% copper, 0.14% nickel, and 0.29 g/t gold+platinum+palladium
- Including 29.00 metres of 0.25% copper, 0.15% nickel and 0.14 g/t gold+platinum+palladium
- Including 42.00 metres of 0.22% copper, 0.12% nickel, and 0.15 g/t gold+platinum+palladium
- W225-11: 58.0 metres of 0.27% copper, 0.21% nickel and 0.23 g/t gold+platinum+palladium from a depth of 37.0 metres
- Including 17.00 metres of 0.50% copper, 0.40% nickel and 0.33 g/t gold+platinum+palladium
- Including 2.07 metres of 1.32% copper, 0.26% nickel and 0.20 g/t gold+platinum+palladium
Drill hole W225-10 is said to represent the widest mineralized near-surface intercept to date at W2. The hole was designed as an infill and expansion hole, and was placed near to two historical holes drilled by Inco. The results are said to have defined a wider and deeper intercept than previously reported historically, while confirming the continuity of mineralization.
READ: PTX Metals Hits 0.5 g/t Gold Over 75.75 Metres At Heenan-Mallard
Hole W225-11 was also designed as an infill hole near to historical drilling, and was placed 3 kilometres away from hole W225-10 to the east. The hole hit a zone of higher grade near surface mineralization, showing that consistency occurs along strike of the targeted geophysical anomaly.
Both holes are said to have shown improved widths versus historical holes, suggesting that the potential exists to improve width and tonnage of the mineralized zones at depth.
“These results start validating the exploration target issued last September, which outlines a large near-surface project and improves the understanding of our exploration model. Hole W225-10 and W225-11 intersected broader and deeper zones of mineralization than previously reported, demonstrating improved continuity and the potential to significantly expand both CA1 and CA2 zone at depth,” commented Greg Ferron, CEO of PTX Metals.
PTX Metals last traded at $0.105 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.
