FULL DISCLOSURE: PTX Metals is a sponsor of theDeepDive.ca.
PTX Metals (TSXV: PTX) has reported assay results from the initial phase of its 5,000-meter drilling program at the W2 Copper-Nickel-PGE and Gold Project in Northern Ontario.
The latest findings from step-out hole W225-13 have successfully extended the mineralized footprint of the CA1 zone, yielding a combined 213.85 meters of mineralization and notably terminated in a high-grade zone at depth.
Highlights from the assay results include:
- W225-13: 0.28% copper equivalent (0.09% copper, 0.08% nickel, 0.02 g/t gold, 0.05 g/t platinum, 0.09 g/t palladium) over 107.15 metres from a depth of 173.00 metres
- And 0.46% copper equivalent (0.29% copper, 0.08% nickel, 0.06 g/t gold, 0.03 g/t platinum, 0.03 g/t palladium) over 68.30 metres from a depth of 311.00 metres
- And 0.97% copper equivalent (0.60% copper, 0.15% nickel, 0.20 g/t gold, 0.09 g/t platinum, 0.10 g/t palladium) over 15.80 metres from a depth of 390.00 metres
The drill results reinforce the company’s updated geological model, which highlights a strong correlation between geophysical anomalies and physical mineralization. Hole W225-13 reached a total depth of 405.80 meters, intersecting three distinct mineralized intervals. The most significant finding occurred at the bottom of the hole, where a 15.80 meter intercept returned 0.97% copper equivalent. Within this section, a 7.00-meter interval yielded 1.38% copper equivalent, including individual values of 0.90% copper and 0.22% nickel.
Other highlights from the hole include two substantial shallow intercepts: 107.15 meters at 0.28% copper equivalent and 68.30 meters at 0.46% copper equivalent. These results demonstrate consistent grade continuity and suggest that the mineralized horizon remains open for further expansion both at depth and toward the surface.
“The 200-meter intercept ending in mineralization supports the scale of the system we are seeing at W2,” stated Greg Ferron, President and CEO of PTX Metals. He noted that the expansion of the CA1 zone adds significant potential tonnage to the project’s exploration targets, positioning W2 as a key player in Northern Ontario’s emerging critical minerals district.
WATCH: Can the World Actually Supply $6 Copper? | Greg Ferron – PTX Metals
The CA1 zone now encompasses a block of approximately 1 kilometer by 1.2 kilometers. PTX Metals plans to follow these results with infill drilling and further step-outs to the south, where geophysical signatures remain prominent.
In addition to ongoing drilling, the company is advancing metallurgical flowsheet development at SGS Lakefield to assess recovery rates and concentrate quality. Results from additional drill holes and a paragenesis study are expected in the second quarter of 2026.
PTX Metals last traded at $0.145 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.
