InvestmentPitch Media Video Discusses Platinex’ Report of Positive Geochemical Sampling Results and Start of Exploration Program at Shining Tree Gold Property near Timmins, Ontario
Platinex (CSE:PTX, OTCPink:PANXF, FSE:9PX) has announced positive geochemical sampling results and the start of an exploration program at its Shining Tree Gold Property in Timmins, Ontario. The company has formed a joint venture with Fancamp Exploration, combining properties to create the South Timmins Mining joint venture, with Platinex holding 75%. Field crews have mobilized to further explore new gold targets, focusing on Areas 2 and 3, where significant soil samples have been identified. The 2023 exploration program is led by Joerg Kleinboeck, P.Geo., with a detailed plan for follow-up work. Platinex also holds interests in the W2 Copper-Nickel-PGE and Gold Project and the Muskrat Dam Critical Minerals Project. The company recently closed an oversubscribed financing of $2.7 million, with shares trading at $0.045.
Platinex (CSE:PTX, OTCPink:PANXF, FSE:9PX) ha annunciato risultati positivi di campionamento geochimico e l'inizio di un programma di esplorazione presso la sua proprietà mineraria Shining Tree in Timmins, Ontario. La compagnia ha formato una joint venture con Fancamp Exploration, unendo le proprietà per creare la joint venture mineraria South Timmins, con Platinex che detiene il 75%. Le squadre sul campo sono state mobilitate per esplorare ulteriormente nuovi obiettivi auriferi, concentrandosi sulle Aree 2 e 3, dove sono stati identificati campioni di suolo significativi. Il programma di esplorazione 2023 è guidato da Joerg Kleinboeck, P.Geo., con un piano dettagliato per il lavoro di follow-up. Platinex detiene anche partecipazioni nel progetto W2 Copper-Nickel-PGE e nel progetto Muskrat Dam Critical Minerals. Recentemente, la compagnia ha concluso un finanziamento sovrascritto di 2,7 milioni di dollari, con azioni scambiate a 0,045 dollari.
Platinex (CSE:PTX, OTCPink:PANXF, FSE:9PX) ha anunciado resultados positivos de muestreo geoquímico y el inicio de un programa de exploración en su propiedad minera Shining Tree en Timmins, Ontario. La empresa ha formado una empresa conjunta con Fancamp Exploration, combinando propiedades para crear la empresa conjunta de minería South Timmins, en la que Platinex posee el 75%. Los equipos de campo se han movilizado para explorar nuevos objetivos de oro, centrándose en las Áreas 2 y 3, donde se han identificado muestras de suelo significativas. El programa de exploración 2023 está dirigido por Joerg Kleinboeck, P.Geo., con un plan detallado para el trabajo de seguimiento. Platinex también tiene intereses en el proyecto W2 Copper-Nickel-PGE y el proyecto Muskrat Dam Critical Minerals. Recientemente, la empresa cerró un financiamiento sobrerescrito de 2.7 millones de dólares, con acciones que se cotizan a 0.045 dólares.
Platinex (CSE:PTX, OTCPink:PANXF, FSE:9PX)는 온타리오주 팀민스에 위치한 샤이닝 트리 금 자산에서 긍정적인 지구화학적 샘플링 결과와 탐사 프로그램의 시작을 발표했습니다. 이 회사는 Fancamp Exploration과 공동 투자를 통해 South Timmins Mining 공동 프로젝트를 만들었으며, Platinex는 75%의 지분을 보유하고 있습니다. 현장 팀은 새로운 금 목표를 추가로 탐사하기 위해 mobilized 되었으며, 주요 토양 샘플이 식별된 Area 2와 Area 3에 집중하고 있습니다. 2023년 탐사 프로그램은 Joerg Kleinboeck, P.Geo.의 주도로 진행되며, 후속 작업에 대한 자세한 계획이 있습니다. Platinex는 W2 구리-니켈-PGE 및 금 프로젝트와 Muskrat Dam Critical Minerals 프로젝트에서도 지분을 보유하고 있습니다. 이 회사는 최근 270만 달러의 초과 청약을 받은 자금을 마감했으며, 주가는 0.045 달러입니다.
Platinex (CSE:PTX, OTCPink:PANXF, FSE:9PX) a annoncé des résultats positifs de prélèvement géochimique et le début d'un programme d'exploration sur sa propriété minière Shining Tree à Timmins, Ontario. La société a formé un partenariat avec Fancamp Exploration, combinant des propriétés pour créer le partenariat minier South Timmins, dont Platinex détient 75 %. Les équipes de terrain ont été mobilisées pour explorer de nouveaux cibles aurifères, en se concentrant sur les Zones 2 et 3, où des échantillons de sol significatifs ont été identifiés. Le programme d'exploration 2023 est dirigé par Joerg Kleinboeck, P.Geo., avec un plan détaillé pour le travail de suivi. Platinex possède également des intérêts dans le projet W2 Copper-Nickel-PGE et le projet Muskrat Dam Critical Minerals. La société a récemment clôturé un financement sursouscrit de 2,7 millions de dollars, avec des actions négociées à 0,045 dollar.
Platinex (CSE:PTX, OTCPink:PANXF, FSE:9PX) hat positive geochemische Probenahmergebnisse und den Beginn eines Explorationsprogramms auf seinem Shining Tree Goldgrundstück in Timmins, Ontario, angekündigt. Das Unternehmen hat ein Joint Venture mit Fancamp Exploration gegründet, um Grundstücke zu kombinieren und das Joint Venture South Timmins Mining zu schaffen, wobei Platinex 75% hält. Die Feldteams wurden mobilisiert, um neue Goldziele weiter zu erkunden, wobei der Fokus auf den Bereichen 2 und 3 liegt, wo signifikante Bodenproben identifiziert wurden. Das Explorationsprogramm 2023 wird von Joerg Kleinboeck, P.Geo., geleitet, mit einem detaillierten Plan für Folgearbeiten. Platinex hält auch Anteile am W2 Kupfer-Nickel-PGE und Goldprojekt sowie am Muskrat Dam Critical Minerals Projekt. Das Unternehmen hat kürzlich eine überzeichnete Finanzierung in Höhe von 2,7 Millionen Dollar abgeschlossen, wobei die Aktien zu 0,045 Dollar gehandelt werden.
- Positive geochemical sampling results at Shining Tree Gold Property.
- Formation of a joint venture with Fancamp Exploration, securing 75% ownership.
- Mobilization of field crews for further exploration.
- Significant soil samples identified in Areas 2 and 3.
- Oversubscribed financing of $2.7 million.
- None.
VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- Platinex Inc (CSE:PTX) (OTCPink:PANXF) (FSE:9PX) has issued an update on its Shining Tree Gold Property in the Timmins, Ontario mining camp, as it prepares for a drill program. In March, the company closed the formation of a joint venture with Fancamp Exploration, with both companies contributing properties to the new South Timmins Mining joint venture.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
For more information, please view the InvestmentPitch Media video. The video is available for viewing on “InvestmentPitch” or on “YouTube”. If the link is not available, please visit www.InvestmentPitch.com and enter “Platinex” in the search box.
Platinex transferred its district scale Shining Tree gold mineral properties, which borders Aris Gold’s Juby Property, located in the Shining Tree District of Ontario, for
At Shining Tree, the joint venture is working to identify new gold targets in several highly prospective and underexplored areas of the 225 square kilometre land package including along the Ridout-Tyrrell Deformation Zone (RTDZ). More focused exploration efforts in the central area of the project, in Area 3, were designed to support additional drilling at the Herrick deposit, Caswell prospect, and historic Ronda Mine. Field crews have mobilized to begin follow-up work on new gold targets identified through generative work during 2022.
The 2023 exploration programs at both Shining Tree and Heenan Mallard are being led by Joerg Kleinboeck, P.Geo., a professional geoscientist with 24 years of experience in mineral exploration. Notably, he brings extensive years of experience working in the Shining Tree area, having previously held a role managing exploration programs at Heenan Mallard.
During the fall of 2022, Platinex completed reconnaissance geochemical and prospecting programs over three areas (2, 3 and 5) identified as being highly prospective and underexplored for gold mineralization. Results for 1,905 B-horizon soil samples from these areas, submitted to Activation Laboratories, identified several areas that warrant further prospecting, infill geochemical sampling, and geophysical surveys to define potential drill targets. The most notable targets are located in Area 2 and Area 3.
In Area 3, several anomalous B-horizon soil samples were returned that coincide with the previously announced high-priority SGH (Soil Gas Hydrocarbon) anomaly, referred to as the Bob Lake Anomaly, which was described by Actlabs as having a ‘high probability that gold mineralization may be present’. The most significant soil sample was 269913 which returned 683 ppb gold and is located at the centre of the Bob Lake Anomaly. Additional infill soil sampling has been proposed over this target, followed by line cutting and geophysics (induced polarization and magnetometer surveys) to advance the target toward drilling.
Area 2 targets a projected 6 km strike length of the RTDZ that has seen very little historical exploration. Reconnaissance work by Platinex in 2021 and 2022 led to several highly anomalous B-horizon soil samples and till samples “down-ice” of the interpreted structure where soil samples returned gold values up to 380 ppb, and till samples returned up to 43 pristine gold grains, indicating a possible nearby bedrock source for the gold.
Detailed infill soil sampling and prospecting “up ice” of the anomalous geochemical and till samples are planned, as well as line cutting and geophysics (induced polarization and magnetometer surveys) to advance the target towards potential inclusion in the upcoming drill program.
Other assets include a
The company also has an option to earn a
In March the company closed an oversubscribed financing of
For more information, please visit the company’s website, www.platinex.com, contact Greg Ferron, President and CEO, at 416-270-5042 or by email at GFerron@platinex.com.
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FAQ
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