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PTX Metals Inc. Defines Priority Drill Targets at Shining Tree Gold Project Following New Geophysical and Structural Analysis
TMX Newsfile· 2026-03-30 13:07
Core Insights - PTX Metals Inc. has reported significant advancements in understanding the geological controls on gold mineralization at its Shining Tree Gold Project, leading to the identification of multiple priority exploration targets, including a drill-ready target at the Ronda Strip [1][6][19] Exploration Targets - Five priority exploration targets have been identified, with the Ronda target being drill-ready, which is part of a folded gold-mineralized horizon extending several kilometers [4][8] - The Northwestern and Western targets are earlier-stage opportunities that require additional surface work, with historic sampling from the Northgate No. 3 Zone returning values up to 8.23 g/t gold and 20 g/t silver [5][8] Geological Studies - The recent high-resolution magnetic survey has revealed previously unrecognized structures related to the Ridout-Tyrell Deformation Zone (RTDZ), which hosts significant regional deposits [2][9] - Structural interpretation work has refined the geological model, highlighting prospective zones associated with the RTDZ, enhancing confidence in drill targeting [3][15] Upcoming Plans - PTX plans to advance drilling at the Ronda Target while continuing surface exploration across other priority areas identified by the survey results [19][22] - Specific details regarding the diamond drilling program and timing will be provided separately, with ongoing work aimed at refining drill targeting and understanding the Shining Tree gold system [19][22]