PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) (“PTX” or the “Company”) is pleased to provide partial drill results from the 1,544 metre diamond drill program, on its 100% owned W2 Cu-Ni-PGE Project (“W2” or “W2 Project”) which is covering the whole layered Lansdowne House Igneous Complex (LHIC), located in the “Ring of Fire” region of Northwestern Ontario. This drilling program did not include drilling of the recently acquired claims which include the historical resource area known primarily as the Inco Area (“CA”) Zones nor the previously defined W2 Cu-Ni-PGE Deposit (see image – Figure 1 plan view).
The drill holes included both geophysical targets as well as new targets identified from in-house geological and geophysical interpretations. The exploration holes were designed to test the expansion potential of the W2 near surface mineralization trend (identified by 84 historical drill hole results over approximately 7 km), as well as an associated EM (electromagnetic) geophysical trend.
Notably, drill holes W224-01 to W224-03 and drill holes W224-07 were exploration drillholes targeting new areas reaching as far as 28 km from the CA zones.
Holes W224-04 to -06 were drilled to infill and confirm the mineralization and will be reported separately. Confirmation drilling provides additional data and enhances confidence in the historical reported mineralization zones (Transition and AP zones – see Figure 1). These holes have increased PTX’s geological confidence in the mineralized zones’ continuity.
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