platinex

Platinex Announces New Technical Members to the Team

Platinex Inc. (CSE: PTX) (Frankfurt: 9PX) (the " Company " or " Platinex ") is pleased to announce the appointment of Jamie Lavigne and Blaine Webster to the Company's technical committee. Both individuals bring significant industry experience including work directly in the area at Cote Gold deposit and in the Shining Tree camp.

Jamie Lavigne has over 30 years of experience in exploration, resource delineation, and mining and has played key roles in several successful gold exploration and development projects. Mr. Lavigne completed the first two mineral resource estimates for the Cote Lake Gold deposit for Trelawney Mining and Exploration Inc. Upon the acquisition of Trelawney in 2012, Mr. Lavigne complete two mineral resource updates for IAMGOLD Corporation. Mr. Lavigne held the position of Senior Geologist and supervised the delineation of more than 2 Moz of gold at the West Meliadine Gold Project, currently being mined by Agnico Eagle Mines Limited. During the period 2013 to 2016, Mr. Lavigne explored a large tract of ground in central Myanmar. Mr. Lavigne completed a detailed interpretation and geological model of the Nugget Pond gold deposit, western Newfoundland which was subsequently put into production. Since 2009, Mr. Lavigne has operated as an Independent Consulting Geologist including work at Bonterra Resources Inc and Jerritt Canyon Gold Mine. Mr. Lavigne is a Professional Geologist (P.Geo).

Blaine Webster joined INCO in 1971, working there until 1979 and becoming highly experienced in mining exploration. From 1979 to 1982 he supervised the ground and drill hole survey division at Scintrex Limited and in 1983 established JVX Ltd. which operated until 2014 conducting 1500 geophysical surveys in 35 countries around the world. He founded Goldeye Explorations Limited in 1986, taking it public in 1997. Goldeye made significant gold discoveries in Ontario at Sandy Lake and in Tyrrell Twp. (now part of Aris Gold property). Mr. Webster brings to Platinex 44 years of exploration experience on 5 continents including 25 years studying and exploring the Shining Tree area. Mr. Webster graduated from UBC in 1971 in geophysics and geology.

Line Cutting and Induced Polarization:

The Company is also pleased to announce a program of line cutting, and an IP (induced polarization) survey is being commissioned on a line grid comprising up to 57 line km and the work has commenced. The IP survey will cover parts of the Caswell-Ronda prospect area, also locate possible target sources of gold-in-till anomalies and test areas south of and through the Herrick mine and Churchill mine, where it is believed the Ridout-Tyrrell deformation zone separates older volcanic rocks on the south from a large area of Porcupine sedimentary rocks on the northeast.

All exploration activities, including drilling, line cutting and IP, are being designed and will be implemented within COVID-19 safety guidelines for the Province of Ontario.

Platinex owns 100% interest of the Shining Tree gold project, northern Ontario. The Shining Tree Property is situated in the Abitibi Greenstone Belt comprising 21,720 ha (53,648 ac.), making it the largest land position in the Shining Tree area. The property is located to the east of IAMGOLD's Cote Gold deposit and along 21 km of the Ridout-Tyrrell deformation zone ("RTDZ") and borders Aris's Gold's Juby Gold Deposit.

The information presented in this news release has been reviewed and approved by Mr. James R.Trusler, PEng, Chairman and CEO of the Company, and the qualified person for exploration at the Shining Tree property, as defined by National Instrument 43-101 -- Standards for Disclosure for Mineral Projects.

About Platinex Inc. – Advancing a District Scale Project in an Abitibi Gold Camp

Platinex is focusing its efforts on the exploration of its property in the Shining Tree District. Platinex has created the largest combined gold focused property package in the Shining Tree District, northern Ontario, which has received little modern exploration compared to other gold camps in the Abitibi Greenstone Belt. Shares of Platinex are listed for trading on the Canadian Securities Exchange under the symbol "PTX".

See the new video coverage titled – " Active Exploration Program at Caswell "

Greg Ferron, Board of Director/Corporate Development Consultant
Tel: (416) 270-5042

Lori Paradis, Assistant Secretary
Tel: (416) 268-2682
Email: lparadis@platinex.com

Web: www.platinex.com

To receive Company press releases, please sign up on the website.

FORWARD-LOOKING STATEMENTS :

This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. We assume no responsibility to update or revise them to reflect new events or circumstances, except as required by applicable securities laws.

Investing into early-stage companies, inherently carries a high degree of risk and investment into securities of the Company shall be considered highly speculative.

The Canadian Securities Exchange has not approved nor disapproved the contents of this press release.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Many Peaks Minerals Ltd (ASX: MPK) – Trading Halt

Many Peaks Minerals Ltd (ASX: MPK) – Trading Halt

Description

The securities of Many Peaks Minerals Ltd (‘MPK’) will be placed in trading halt at the request of MPK, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 3 April 2024 or when the announcement is released to the market.

Keep reading...Show less
Don Hansen, gold bars.

Investor Education: Gold vs. US Dollar Outlook with Expert Don Hansen

Private investor Don Hansen has honed his resource sector investment approach for more than 20 years, and he shared his latest research in a conversation with the Investing News Network.

He discussed the US dollar's rise and fall as the world's reserve currency, as well as how China is shifting away from the dollar and toward gold. Hansen also went over data on the inverse relationship between the gold price and the S&P 500 (INDEXSP:.INX), explaining how decades-long patterns show where both are heading.

"The exciting part to me is when we look at the previous data you can see that the stock market phase is about to end. It's at a very high level and it's at the end of its period," he explained during the interview.

Keep reading...Show less
A small golden bull statue on top of US money.

Goldman Sachs Bullish on Commodities, Shares 2024 Price Calls for Gold and Copper

Goldman Sachs (NYSE:GS) is maintaining its bullish stance on commodities as they continue to enjoy strong cyclical and structural support, and as the US and Europe move closer to cutting interest rates.

The American investment bank said it sees raw materials potentially returning 15 percent in 2024.

“We find that US rate cuts in non-recessionary environments lead to higher commodity prices, with the biggest boost to metals (copper and gold in particular), followed by crude oil,” Bloomberg quotes analysts Samantha Dart and Daan Struyven as saying in a note this past Sunday (March 24). “Importantly, the positive impact on prices tends to increase with time, as the growth impulse from looser financial conditions filters through.”

Keep reading...Show less
Top 5 ASX Gold Stocks That Pay Dividends (Updated 2024)

Top 5 ASX Gold Stocks That Pay Dividends (Updated 2024)

If you're interested in gold stocks, it's worth taking a look at the top ASX gold stocks that pay dividends.

A dividend is a sum of money that is paid regularly by a company to a class of its shareholders out of its earnings. Dividends are often issued as cash payments, but can also be issued as stock or other property.

Read on for a deeper look at gold dividend stocks and a breakdown of the top five dividend-paying ASX gold stocks.

Keep reading...Show less
Falco Resources Ltd. (TSX.V: FPC)

Falco Reaches Another Major Milestone and Confirms Admissibility of Its Horne 5 Project’s Environmental Impact Assessment

Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the “Corporation”) is pleased to announce the receipt of confirmation of the admissibility of its Environmental Impact Assessment (“EIA”) for the Horne 5 Project located in Rouyn-Noranda (the “Admissibility”) from the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks (“MEFCCWP”).

Since the initial EIA filing in 2018, Falco has completed extensive field work and studies, in addition to providing the documentation in order to respond to questions and requests for information raised by the MEFCCWP. Driven by ESG principles, the EIA was conducted by a multidisciplinary team comprised of Falco’s employees, experts and partners, and highlights the Horne 5 Project’s benefits and impacts on its physical, biological and human environments. The EIA includes various measures to avoid, mitigate or compensate for these impacts, and to enhance the project’s overall benefits, in a strong corporate governance environment. The EIA and all related documentation are publicly available on the Environmental Assessment Register of the MEFCCWP.

Keep reading...Show less
R3D Resources

$1.5 Million in Firm Commitments Received for Capital Raisings

$0.5 million partial underwrite of the Rights Issue & $1.0 million in further debt or equity to be raised by end April 2024

R3D Resources Limited (ASX: R3D) (the Company) (renamed Tartana Minerals Limited) is pleased to provide an update on the 1 for 5 pro rata entitlement offer of New Shares in the Company at an issue price of $0.05 per New Share, as well as 1 attaching Option exercisable at $0.10 expiring 31 December 2025 for each 2 New Shares subscribed for (the Rights Issue) which opened in November 2023.

Keep reading...Show less

Latest Press Releases

Related News

×