Platinex ( (TSE:PTX) ) has issued an update.
PTX Metals Inc. has commenced a Phase 2 drilling program at its W2 Cu-Ni-PGE Project in Ontario, aiming to expand mineralization zones and potentially establish a mineral resource estimate. The program involves up to 10 drill holes and is supported by a new 3D geological model and a property-wide magnetic survey, which are expected to enhance the company’s exploration strategy and increase the project’s value. The company plans further geophysical surveys, additional drilling, and field mapping to connect known mineralized zones and explore new areas of interest, with operations based out of Webequie First Nation.
More about Platinex
PTX Metals Inc. is a mineral exploration company focused on high-quality copper, nickel, platinum group elements (Cu-Ni-PGE), and gold projects in northern Ontario. The company is dedicated to exploring and developing its 100% owned properties, with a particular emphasis on the W2 Cu-Ni-PGE Project located southwest of the Ring of Fire in Ontario.
YTD Price Performance: 33.33%
Average Trading Volume: 113,763
Technical Sentiment Signal: Hold
Current Market Cap: C$19M
For detailed information about PTX stock, go to TipRanks’ Stock Analysis page.