At the Shining Tree Gold Project PTX Metals starts pre-drilling aims to find major gold zones near to existing mining operations in Ontario.

PTX Metals Inc., based in Toronto, Ontario, announced the start of a pre-drilling program at its Shining Tree Gold Project in South Timmins, Ontario, Canada. The project, which involves next-door ventures like McFarlane's Juby Deposit and IAMGold's Cote Gold mine, aims to establish the geometry and nature of a bigger target that is either directly or indirectly linked to the RTDZ.

The Ronda Target, located in the central part of the property, is an area where surface research over the last two years has identified multiple high-grade zones along the main structural breaks. These constitute the major claims PTX has consolidated in the Shining Tree Project. High-scale stripping and channel sampling conducted in February 2024 returned results of up to 60.30 g/t gold over 0.50 m, as well as a broader interval of 9.04 g/t gold over 16.15 m.

Greg Ferron, CEO and President of Shining Tree, states that the Heenan-Mallard gold properties together contain about 300 km2, and their respective successful studies have recently discovered an important near-surface lower-grade discovery as well as high-grade gold zones. The projects are located in a very active region of Ontario and have easy access to major mines, including the Cote Gold deposit.

The company will also be issuing updates soon, starting this year with the 3D inversion results of the 2025 magnetic survey that will provide updated data on depth extension and improved targets.