Platinex Inc. [CSE-PTX; OTCQB-PANXF; FSE-9PX] provided an update on exploration activities at Shining Tree Gold Project, Ontario. Shining Tree, as well as the Heenan-Mallard Gold Projects, is held through the South Timmins Mining Joint Venture with Fancamp Exploration Ltd. [TSXV-FNC].
Highlights from Shining Tree include: Reconnaissance rock sampling was completed on the Ronda Mine’s Ribble Vein over a strike length of approximately 300 metres with results ranging from 4.85 to 14.30 g/t gold and confirmed historical results. Other significant samples include 32.90 g/t gold from the Kingston occurrence; 283 g/t gold from the Churchill occurrence and +2,000 B-Horizon soil samples completed at Shining Tree.
Mechanized stripping and channel sampling is currently in progress at Ronda which represents the first significant work program on the occurrence by Platinex since the Ronda Mine, located in Central Area of the Shining Tree Gold Project, was acquired in 2022.
The Central Area covers the Herrick, Caswell Lake, and Ronda areas. A total of 891 B-horizon soil samples have been collected with results that range from below detection (25 ppb Au, including 7 returning> 100 ppb Au (Figure 1).
An additional 167 infill B-horizon samples have been collected and results are expected shortly. As well, a first phase of follow-up prospecting/ground-truthing of the high-priority anomalous soil samples has been completed. This included 30 grab samples that have been collected and preliminary results are expected shortly, to direct further work in the area. A total of 53 reconnaissance B-horizon soil samples were also collected over a prospective target generated from data compilation.
Reconnaissance rock sampling was completed on the Ribble Vein over a strike length of approximately 300 metres with results ranging from 0.10 to 14.30 g/t gold. A total of 13 samples were taken from the host rock (massive to sheared mafic volcanic) and the Ribble Vein itself, with samples ranging from 0.01 to 1.40 g/t gold for the host rock, and 4.85 to 14.30 g/t gold for the Ribble Vein.
Reconnaissance sampling was also completed on the Churchill prospect where 3 samples were collected. Results ranged from 0.25 g/t to 283 g/t Au, with visible gold noted in the field.
Exploration work at Area 3 has returned anomalous geochemical and grab samples and supports further work to refine targets ahead of a drill program. The geochemical sampling was designed to infill areas covered in a widely spaced program completed in the fall of 2022 that covered a previously announced Soil Gas Hydrocarbon (SGH) anomaly which has been described by Activation Laboratories Ltd. as having a high probability for gold mineralization.
Sampling was also completed southwest of Area 3 which was designed to cover both northwest and northeast-orientated structures known to host significant gold mineralization. A total of 34 grab samples and 535 B-horizon soil samples were collected. Values for the grab samples ranged from
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