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PTX Metals Inc. Reports Compilation of Geophysical Data and Ongoing Activities at Its W2 Cu-Ni-PGEs Project
Newsfile· 2025-11-07 13:03
Core Insights - PTX Metals Inc. reported positive results from the 3D inversion processed from the 2025 magnetic survey at its W2 Copper-Nickel and Platinum-Palladium-Gold Project in Ontario, Canada, enhancing confidence in drill targeting and potential expansion of the mineralization target [1][4][10] Geophysical Data and Survey Results - The 3D inversion results indicate a distinct magnetic pattern suggesting a magmatic source, correlating with mapped magnetic gabbro, and confirming a preferred folded horizon extending approximately 8 kilometers in strike length [7][10] - The stacked mineralized intercepts in the CA zones and structural variations in the AP zones were noted, with the potential for near-surface bulk tonnage targets identified, reaching widths of up to 1,850 meters [8][10] Ongoing Activities - The company is advancing a comprehensive exploration program, including a drill program, metallurgical testing, paragenesis study, and age dating study on the gabbroic horizons, with results from a recent LIDAR survey expected by early January 2026 [13][14] - An independent geophysicist processed the magnetic survey data, which included flight lines spaced at 75 meters and a mean terrain clearance of 34 meters, alongside Electromagnetic data used for further evaluation [9] Community and Infrastructure Developments - Recent developments include an agreement between the Ontario government and Webequie First Nations to fund local community priorities and infrastructure upgrades, which are critical for the construction of the proposed all-season Webequie Supply Road to the Ring of Fire [6][15]