FULL DISCLOSURE: PTX Metals is a sponsor of theDeepDive.ca.
PTX Metals (TSXV: PTX) has released further assay results from a phase one drill program conducted at the W2 Copper-Nickel-PGE project, found near the Ring of Fire in Northwestern Ontario.
Highlights from the results include:
- W225-09: 49.16 metres of 0.35% copper, 0.10% nickel, 0.05 g/t gold, 0.08 g/t platinum and 0.08 g/t palladium from a depth of 30.84 metres
- Including 30.0 metres of 0.48% copper, 0.11% nickel, 0.07 g/t gold, 0.09 g/t platinum and 0.10 g/t palladium
- Including 7.50 metres of 0.90% copper, 0.15% nickel, 0.07 g/t gold, 0.10 g/t platinum and 0.12 g/t palladium
Hole W225-09 was centered on the CA1 zone of the Central target, with the hole drilled 246 metres to the east of hole W225-08 and 284 metres to the southwest of hole W225-10. The wide spacing strategy is said to have verified nearby historical drilling data, which supports and validates a large portion of the exploration target, thereby leaving opportunity for expansion along strike and depth.
READ: PTX Metals Intersects 97 Metres Of Mineralization In Latest Assay Results At W2
In addition to validating the exploration target, it has been identified that there has been a significant improvement of PGE mineralization within the CA1 and CA2 holes, which follows PTX consistently assaying for both PGE’s and gold throughout the entire holes. Under the previously established Exploration Target, PGE’s were estimated to range from 59 to 135 million tonnes.
PTX Metals last traded at $0.105 on the TSX Venture.
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