Source: Platinex.
  • Platinex (PTX) has commenced an exploration program on its Shining Tree Gold Project
  • The program is designed to identify new gold targets in five areas located outside the central core of the property that are underexplored yet highly prospective
  • Prospecting, geological mapping, litho-geochemical sampling, and soil sampling will be carried out in each area
  • Platinex Inc. (PTX) is trading steady at C$0.004 per share

Platinex (PTX) has commenced an exploration program on its 225 km2 Shining Tree Gold Project.

The program is designed to identify new gold targets in five areas located outside the central core of the property that are underexplored yet highly prospective.

Prospecting, geological mapping, litho-geochemical sampling, and soil sampling will be carried out in each area. The company has also engaged a resource firm to compile historical data and model previous drilling in the central area and the recently acquired mine area.

Source: Platinex Inc.

An exploration target review of the Herrick deposit will also be completed to identify potential expansion and infill drilling targets.

Following the conclusion of current activities, the company will analyze data from newly generated targets and the compilation and modelling of the central area of the Shining Tree property to determine the highest priority targets for further exploration and drilling activities later this year. 

Platinex Inc. is a Canada-based mining exploration company engaged in the exploration and development of mineral properties in Canada.

Platinex Inc. (PTX) is trading steady at C$0.004 per share.


More From The Market Online

Pan American Energy reveals results from Big Mack project

Pan American Energy (CSE:PNRG) reveals assay results from its 2023-2024 diamond drill project at the Big Mack Lithium Project in Ontario.

Adyton to recommence work at its Feni Island Project

Adyton Resources (TSXV:ADY) gears up to restart work activities at its Feni Island Gold-Copper Project in Papua New Guinea.

This company starts production at what could be Canada’s next great gold mine 

IAMGOLD (TSX:IMG) is a Canadian-based intermediate gold producer and developer focused on mining properties in North America and West Africa.

Teck misses Q1 profit estimates on lower steelmaking coal sales

Canadian mining stock Teck Resources Ltd. (TSX:TECK.A and TECK.B; NYSE:TECK) misses Q1 profit estimates on Thursday.