Source: Platinex
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  • Platinex (PTX) has acquired the Muskrat Dam Critical Minerals Project in Ontario
  • The project consists of 671 unpatented mining claims over six property blocks
  • Also recently, Platinex completed two additional transactions: Shining Tree and W2 Copper Nickel PGE Project
  • Platinex creates shareholder value through the opportunistic acquisition and advancement of projects in prolific Ontario mining camps
  • Platinex Inc. (PTX) is unchanged, trading at $0.04 at 9:40 am ET.

Platinex (PTX) has acquired the Muskrat Dam Critical Minerals Project in northwestern Ontario.

The project is located approximately 125 km northeast of Frontier Lithium’s PAK lithium project and 125 km northwest of Newmont’s Musselwhite gold mine.

It consists of 671 unpatented mining claims over six property blocks, which together cover approximately 12,925 hectares (129.25 km2) in the highly prospective Muskrat Dam Lake (MDGB) and Rottenfish (RGB) greenstone belts.

The project includes the Axe Lake Property, which shows the potential to host lithium-bearing pegmatites.

A major high-strain zone, the northwest-trending “Axe Lake deformation zone” (ALDZ), as termed here, is interpreted to pass through the property.

Also recently, Platinex completed two additional transactions: Shining Tree and W2 Copper Nickel PGE Project.

At Shining Tree, the company acquired a 100-per-cent interest in two claims in Leonard township.

At the W2 Copper Nickel PGE Project, the company closed an option agreement with two arm’s length parties, through which it has the right to acquire a 100-per-cent interest in 52 unpatented mining claims.

Platinex creates shareholder value through the opportunistic acquisition and advancement of projects in prolific Ontario mining camps.

Platinex Inc. (PTX) is unchanged, trading at $0.04 at 9:40 am ET.


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