PTX Metals Inc. Initiates Work Program at Its Shining Tree Gold Project
PTX Metals (OTCQB: PANXF, TSXV: PTX) has started a pre-drilling work program at its Shining Tree Gold Project in South Timmins along the Ridout-Tyrrell Deformation Zone (RTDZ) on October 22, 2025. The program includes a detailed structural review by SRK Consulting and an ~8,000-hectare airborne magnetic survey by Terrascope flown at 35-m spacing with 3D inversion to refine drill targets.
PTX highlighted past surface results at the Ronda target, including 60.30 g/t Au over 0.50 m within 9.04 g/t Au over 16.15 m from February 2024 stripping and channel sampling. A drill program is planned to follow the targeting work. PTX also noted its combined Shining Tree and Heenan-Mallard land package totals ~300 km2.
PTX Metals (OTCQB: PANXF, TSXV: PTX) ha avviato un programma preliminare di lavoro di perforazione presso il suo Shining Tree Gold Project a South Timmins lungo la Ridout-Tyrrell Deformation Zone (RTDZ) il 22 ottobre 2025. Il programma comprende una dettagliata revisione strutturale da parte di SRK Consulting e un’indagine aeromagnetica di circa 8.000 ettari condotta da Terrascope volata con una maglia di 35 m e inversione 3D per affinare i bersagli di perforazione.
PTX ha evidenziato risultati passati in superficie al target Ronda, tra cui 60,30 g/t Au su 0,50 m all'interno di 9,04 g/t Au su 16,15 m risalenti a campionamenti di svelamento e taglio di febbraio 2024. Un programma di perforazione è pianificato per seguire le attività di targeting. PTX ha inoltre indicato che il pacchetto di terre combinato Shining Tree e Heenan-Mallard ammonta a circa 300 km2.
PTX Metals (OTCQB: PANXF, TSXV: PTX) ha iniciado un programa preliminar de trabajos de perforación en su Shining Tree Gold Project en South Timmins, a lo largo de la Ridout-Tyrrell Deformation Zone (RTDZ) el 22 de octubre de 2025. El programa incluye una revisión estructural detallada por parte de SRK Consulting y una encuesta aeromagnética de ~8,000 hectáreas realizada por Terrascope volada a una separación de 35 m con inversión 3D para refinar los objetivos de perforación.
PTX destacó resultados pasados en superficie en el objetivo Ronda, incluyendo 60,30 g/t Au sobre 0,50 m dentro de 9,04 g/t Au sobre 16,15 m de tareas de desmonte y muestreo de canal en febrero de 2024. Se planifica un programa de perforación para seguir el trabajo de focalización. PTX también señaló que su paquete de tierras combinadas Shining Tree y Heenan-Mallard suma ~300 km2.
PTX Metals (OTCQB: PANXF, TSXV: PTX)가 남부 팀민스의 Shining Tree Gold Project를 따라 RTDZ(Ridout-Tyrrell Deformation Zone)에서 2025년 10월 22일에 예비 시추 작업 프로그램을 시작했습니다. 이 프로그램은 SRK Consulting의 상세 구조 검토와 Terrascope가 수행하는 약 8,000헥타르의 항공 자기 탐사를 포함하며 35m 간격으로 비행되고 3D 역산을 통해 시추 목표를 세밀하게 정렬합니다.
PTX는 Ronda 표적에서 0.50 m당 60.30 g/t Au의 표면 결과와 16.15 m당 9.04 g/t Au를 February 2024의 노출 및 채널 샘플링으로 강조했습니다. 타깃 작업에 따라 시추 프로그램이 뒤따를 예정입니다. 또한 Shining Tree와 Heenan-Mallard 토지 패키지가 합계 약 300 km2에 이른다고 밝혔습니다.
PTX Metals (OTCQB: PANXF, TSXV: PTX) a lancé un programme préliminaire de travaux de forage sur son Shining Tree Gold Project à South Timmins le long de la Ridout-Tyrrell Deformation Zone (RTDZ) le 22 octobre 2025. Le programme comprend une revue structurelle détaillée par SRK Consulting et une levée magnétique aérienne d’environ 8 000 hectares par Terrascope réalisée en vol à une maille de 35 m avec inversion 3D pour affiner les cibles de forage.
PTX a mis en évidence des résultats de surface passés sur la cible Ronda, notamment 60,30 g/t Au sur 0,50 m dans le cadre de 9,04 g/t Au sur 16,15 m issus des décapages et du blindage de février 2024. Un programme de forage est prévu pour suivre le travail de ciblage. PTX a également noté que le package foncier combiné Shining Tree et Heenan-Mallard totalise environ 300 km2.
PTX Metals (OTCQB: PANXF, TSXV: PTX) hat ein Vorbelegungsprogramm für Bohrarbeiten bei seinem Shining Tree Gold Project in South Timmins entlang der Ridout-Tyrrell Deformation Zone (RTDZ) am 22. Oktober 2025 gestartet. Das Programm umfasst eine detaillierte strukturelle Überprüfung durch SRK Consulting und eine ca. 8.000 Hektar große luftgestützte Magnetkartierung durch Terrascope, die mit einem 35-m-Abstand geflogen wird und eine 3D-Inversion zur Verfeinerung der Bohrziele nutzt.
PTX hob frühere Oberflächenresultate am Ronda-Ziel hervor, darunter 60,30 g/t Au über 0,50 m innerhalb von 9,04 g/t Au über 16,15 m aus dem Februar-2024-Abtrag und Channel-Sampling. Ein Bohrprogramm soll dem Zielarbeitsplan folgen. PTX bemerkte auch, dass das kombinierte Shining Tree- und Heenan-Mallard-Landpaket insgesamt ca. 300 km2 umfasst.
PTX Metals (OTCQB: PANXF, TSXV: PTX) بدأ برنامج عمل تمهيدي للحفر في مشروع Shining Tree الذهبي في ساوث تيمينس على طول منطقة تشوه Ridout-Tyrrell (RTDZ) في 22 أكتوبر 2025. يتضمن البرنامج مراجعة هيكلية مفصلة من SRK Consulting ومسح مغناطيسي جوي لحوالي 8,000 هكتار بواسطة Terrascope تم تشغيله بفاصل 35 مترًا مع عكس ثلاثي الأبعاد لتحديد أهداف الحفر بدقة.
أبرزت PTX نتائج سطحية سابقة عند هدف Ronda، بما في ذلك 60.30 غ/تاؤ2 على 0.50 م ضمن 9.04 غ/تاؤ2 على 16.15 م من التحلل والتقطيع بالقناة من فبراير 2024. من المخطط تنفيذ برنامج حفر يتبع أعمال الاستهداف. كما أشارت PTX إلى أن حزمة الأراضي المجمعة Shining Tree و Heenan-Mallard تبلغ حوالي 300 كم2.
PTX Metals (OTCQB: PANXF, TSXV: PTX) 已于 2025年10月22日 在南蒂姆斯的 Shining Tree Gold Project 沿着 Ridout-Tyrrell 断裂带（RTDZ）启动了前钻工作计划。该计划包括由 SRK Consulting 进行的详细结构评估，以及由 Terrascope 进行的约 8,000 公顷 的空中磁法 survey，飞行間距为 35 米，采用三维反演以细化钻探靶区。
PTX 强调了 Ronda 区域在地表的过去结果，包括 0.50 m 60.30 g/t Au 与 16.15 m 9.04 g/t Au，来自 2024 年 2 月的剥离与通道取样。计划开展钻探项目以跟进靶向工作。PTX 还指出 Shining Tree 与 Heenan-Mallard 的土地包合计约为 300 km2。
- SRK retained for detailed structural analysis to optimize drill targeting
- 8,000-hectare Terrascope magnetic survey at 35-m spacing with 3D inversion
- Historical surface sampling returned 60.30 g/t Au over 0.50 m
- Combined land package of approx. 300 km2 in South Timmins greenstone belt
- No drill results reported yet; program remains at pre-drilling stage
- No NI 43-101 resource or formal resource estimate disclosed
Toronto, Ontario--(Newsfile Corp. - October 22, 2025) - PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF) (FSE: 9PX) ("PTX" or the "Company") is pleased to announce the start of a pre-drilling work program at its Shining Tree Gold Project located in South Timmins, along the Ridout-Tyrrell Deformation Zone (also known as "RTDZ") in Ontario, Canada.
The program objectives are to unveil the nature and the geometry of a larger-scale target related directly or indirectly to the RTDZ, the latter hosting the neighbor projects McFarlane's Juby Deposit and the IAMGold's Cote Gold mine.
PTX has retained the following firms to achieve the strategic program, which will result in an upcoming drill program commencing shortly:
- SRK Consulting for a detailed structural analysis, focused on understanding the structural and geological controls on gold mineralization to optimize the exploration strategy, including drill planning and exploration for new gold zones and controls on higher-grade shoots.
- Terrascope Inc for a magnetic survey ("Mag Survey") approximately 8,000 hectares. The survey will be flown at a detailed 35-m spacing and followed by a 3D inversion to expose and trace geophysical anomalies from surface and at depth. Jointly compiled with SRK observations and PTX's extensive geochemical database, the Company is expecting to refine the understandings for a successful drill targeting.
Figure: Shining Tree Project claim extension and location of the upcoming 2025 Terrascope magnetic survey. Background map is the geological map from the Ontario Government and rock samples are historical data from the Company's surface work cumulated to date. For illustration only rock samples are shown above and do not represent the full extent of sampling previously done on the property.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7277/271443_952652d174bd988f_001full.jpg
PTX has consolidated key claims of the Shining Tree Project including the Ronda Target located in the core portion of the property, where surface exploration in the past two years have resulted in discoveries of additional high-grade zones from surface along the main structural breaks. Results from a large-scale stripping and channel sampling in February 2024 have returned up to 60.30g/t gold over 0.50m within a larger interval of 9.04g/t gold over 16.15m.
Both Gold projects including Shining Tree and Heenan Mallard, sit within the South Timmins Greenstone Belt, which part of the larger Abitibi Greenstone Belt. While the Shining Tree Project extends over to the west of McFarlane's Juby Deposit, PTX second gold discovery Heenan-Mallard Project borders the Cote Gold mine's claim block directly to the northwest and along trend with the main RTDZ break.
Greg Ferron, CEO & President stated: "The Company's Shining Tree and Heenan-Mallard gold projects jointly cumulate approximately 300 km2 in size and successful exploration programs recently identified respectively new high grade gold zones and wide near surface lower grade discovery. The projects are also located in a very active region in Ontario with excellent access and proximity to major mines such as Cote Gold deposit. We are keen to immediately advance work at Shining Tree."
Additionally, at PTX's W2 Cu Ni PGE Au flagship asset, the Company will release updates in the near-future, and starting with 3D-inversion results from the 2025 magnetic survey released earlier this year, giving newer insight on depth extension and refined targeting.
Qualified Person:
The technical information presented in this news release has been reviewed and approved by Kyle Pedersen, a non-independent qualified person to PTX Metals who is responsible for ensuring that the related technical information provided in this news release is accurate and who act as a "qualified person" (QP) as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About the South Timmins Mining Corp:
The South Timmins Mining Corporation has a
About PTX Metals Inc.:
PTX is a mineral exploration company focused on high-quality strategic metals assets in northern Ontario, allowing exposure for shareholders to Copper, Gold, Nickel, and PGEs discoveries. The Province of Ontario is a renowned mining jurisdiction for its abundance of mineral resources and safe jurisdiction.
Our corporate objective is to advance our assets, and unveil the potential of two Flagship Projects, the W2 Cu-Ni-PGE located in the strategic Ring of Fire region, and the Shining Tree Gold Project neighbor to other known deposits in the Timmins Gold Camp.
PTX's portfolio of assets was strategically acquired for their geologically favorable attributes, and proximity to established mining companies.
PTX is based in Toronto, Canada, with a primary listing on the TSXV under the symbol PTX. The Company is also listed in Frankfurt under the symbol 9PX and on the OTCQB in the United States as PANXF.
For additional information on PTX, please visit the Company's website at https://ptxmetals.com/.
For further information, please contact:
Greg Ferron, President and Chief Executive Officer
Phone: +1 (416) 270-5042
Email: gferron@ptxmetals.com
Forward-Looking Information :
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the ability of the Company to satisfy the regulatory, stock exchange and commercial closing conditions of Private Placement, and the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals, will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company's public filings available under the Company's profile at www.sedarplus.ca.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271443
FAQ
What work did PTX Metals announce for the Shining Tree Project (PANXF) on October 22, 2025?
When will PTX (PANXF) start drilling at Shining Tree after the October 22, 2025 update?
What notable historical surface assay did PTX cite for the Ronda target at Shining Tree?
How large is the Shining Tree and Heenan-Mallard combined land package PTX referenced?
What technical firms is PTX using for the Shining Tree pre-drill program (PANXF)?
Does the October 22, 2025 PTX update include a resource estimate for Shining Tree (PANXF)?
