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PTX Metals Inc. Provides Positive Mineralogy Results and a Work Program Update at Its W2 Cu-Ni-PGE and Gold Project
Newsfileยท 2025-08-11 12:00
Core Viewpoint - PTX Metals Inc. has provided a positive update on its W2 Nickel-Copper-PGE and Gold Project, highlighting successful preliminary mineralogy results and an upcoming work program aimed at enhancing the project's economic viability [1][2]. Group 1: Mineralogy and Metallurgy - The preliminary mineral liberation analysis indicates that copper is primarily found in chalcopyrite, while nickel is associated with pentlandite, confirming high-grade zones [3][4]. - The study showed a high degree of liberation for various minerals, with pyrrhotite exhibiting the highest liberation value at 96.8% [7]. - The company has initiated a metallurgical test program with SGS Canada Inc. to evaluate the recoverability of Cu-Ni-Palladium, Platinum, Gold, and Cobalt mineralization [11]. Group 2: Work Program and Exploration - Following a successful drilling program in Q2 2025, PTX is executing a phased exploration program focusing on metallogeny and sizing the mineralizing system [2]. - The Q3 2025 work program includes a 3D inversion geophysics study and U-Pb CA-ID-TIMS age-dating study to refine the geological model and understand the genetic relationships of the mineralization [6][12]. - The initial magnetic interpretation has outlined a correlation of mineralization with a gabbro lithology unit, indicating potential continuity of mineralization over approximately 8 km [9]. Group 3: Project Context and Future Outlook - The W2 Project is strategically located in the Ring of Fire region, known for its rich mineral resources, and aims to advance the company's flagship projects [15][16]. - The results from ongoing studies are expected to inform the next phase of exploration and enhance the project's economic potential [12].