PTX Metals Launches 5,000m Drill Program at W2 Copper-Nickel-PGE-Gold Project as Metallurgy, Geophysics, and Infrastructure Agreements Strengthen Outlook

Core Viewpoint - PTX Metals Inc. has initiated a 5,000-meter diamond drilling program at its W2 Copper-Nickel and Platinum-Palladium-Gold (PGE) Project in Ontario, Canada, aiming to enhance resource estimates and expand mineralized bodies [1][2]. Group 1: Drilling Program Details - The first phase of the drilling program focuses on testing and delineating known exploratory targets to improve resource estimates and expand identified mineralized bodies [2]. - Initial drilling will target the CA1 and AP zones within the Central Target area [1]. - The drilling strategy is informed by over 120 previous drill holes, a recent high-resolution magnetic survey, and electromagnetic survey data [4]. Group 2: Geological Insights - The mineralization is primarily hosted within a deformed, sulfide-bearing, highly magnetic gabbroic unit, influenced by various structural regimes [4]. - The current drilling program is expected to provide significant insights into higher-grade zones and potential enrichment within a larger sulfide-bearing envelope [2][4]. Group 3: Infrastructure and Partnerships - The project is supported by various service providers, including Cyr Drilling and SGS, and is located 60 km south of Webequie First Nation, utilizing local support services [5][6]. - Recent infrastructure developments in the region, including agreements with First Nations and positive progress in metallurgy work, position the W2 Project favorably [6]. Group 4: Ongoing Activities - Additional activities at the W2 Project include preliminary metallurgical results, age dating, paragenesis studies, resource modeling, and geological 3D interpretations [7].