- PTX Metals (PANXF, Financial) discovers the widest near-surface mineralization to date at its W2 Cu-Ni-PGE and Gold Project.
- Drill hole W225-10 intersects 235.14m of mineralization with notable high-grade metal contents.
- Improved continuity and potential for expanded mineralization highlighted compared to historical data.
PTX Metals Inc. (PANXF) has reported promising initial assay results from its 2025 drilling program at the W2 Cu-Ni-PGE and Gold Project in Ontario's Ring of Fire. The highlight of the findings is the discovery of 235.14 meters of near-surface mineralization in drill hole W225-10, starting from a shallow depth of 19.86 meters. This represents the widest near-surface mineralized interval recorded at the project to date.
The notable high-grade metal contents identified in this interval include up to 1.81% Copper, 1.48% Nickel, 5.59 grams per tonne (g/t) Gold, 0.66 g/t Platinum, and 0.57 g/t Palladium. These significant findings were complemented by drill hole W225-11, located 3 km to the east, which demonstrated 58 meters of mineralization, including a high-grade interval of 17 meters with 0.50% Copper and 0.40% Nickel, indicating consistent results along the strike.
The systematic sampling conducted by PTX Metals shows improvements in mineralization widths compared to previous historical drilling results. This suggests potential for further expansion of the mineralized zones at depth, opening opportunities for increased tonnage. The current exploration strategy targets an area extending approximately 8 kilometers in strike length and remains open at depth.
CEO Greg Ferron expressed optimism regarding the results, noting that they validate the exploration targets outlined last September and improve the understanding of PTX Metals' exploration model. This marks the first extensive drilling campaign in the CA zones since the 1990s, with the company aiming to confirm and expand historical drilling reports.
The drilling program's findings add further value to PTX Metals' strategic position in the Ring of Fire and bolster its commitment to advancing the W2 Cu-Ni-PGE and Gold Project.
