PTX Metals Inc. recently provided an update on its two-phased drill program at the W2 Cu-Ni-PGE Project in Northwestern Ontario. The Phase 1 Drill Program is progressing well, with a focus on testing high-priority targets to expand zones of mineralization in the central area of the project. The company is also working on modelling the complete historical resource area with the goal of producing a NI 43-101 compliant resource estimate after completing an additional Phase 2 drill program.
The drill operations are taking place in Webequie, Ontario, where PTX has established its exploration base. The program aims to expand the strike length of mineralization in areas that have seen little to no drilling by previous operators. Additionally, the recent acquisition and consolidation of the historical resource area have enabled PTX to analyze the historical data and design drill targets within the area.
“This announcement represents a significant milestone for the W2 project,” said Greg Ferron, President and CEO of PTX Metals Inc. The company has been collaborating with local communities throughout the planning and execution of the program, benefiting from their valuable insights and contributions.
The W2 project holds great potential for copper, nickel, and PGE minerals, with the current drill program designed to unlock the project’s full value. PTX Metals aims to leverage its expertise and the geological advantages of the region to advance exploration programs and prove the potential of its assets. Investors are encouraged to follow the progress of the W2 project as PTX continues its exciting journey in the mining industry.
