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Platinex Inc. (PTX.CN)

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Previous Close0.0550
Open0.0000
Bid0.0500 x 0
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Day's Range0.0000 - 0.0000
52 Week Range
Volume0
Avg. Volume391,097
Market Cap7.776M
Beta (5Y Monthly)0.97
PE Ratio (TTM)N/A
EPS (TTM)-0.0060
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
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  • Platinex Announces New Technical Members to the Team
    GlobeNewswire

    Platinex Announces New Technical Members to the Team

    TORONTO, April 22, 2021 (GLOBE NEWSWIRE) -- 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 ConsultantTel: (416) 270-5042 Lori Paradis, Assistant SecretaryTel: (416) 268-2682Email: 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.

  • Platinex Announces Drilling and Provides Project Update at Shining Tree
    GlobeNewswire

    Platinex Announces Drilling and Provides Project Update at Shining Tree

    Shining Tree Project Caswell Multi-Element Analysis TORONTO, April 19, 2021 (GLOBE NEWSWIRE) -- Platinex Inc. (CSE: PTX) (Frankfurt 9PX) (the "Company" or "Platinex") is pleased to provide an update on its exploration activities at its 100% owned Shining Tree project, northern Ontario. The Shining Tree Property (“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 Deposit. Drilling Program Commenced: The phase 1 drill program will total 3,500 metre, and the first 1,000m tranche has commenced. The program will test 2-5 targets including intersections of a collection of east-northeast-trending veins and a slaty pyritic and graphitic metasedimentary rock unit known locally as the Evelyn vein. The program will attempt to characterize the mineralization in the intersection between the wide mineralized zone and the slaty band, plus drill the mapped but previously untested veins along the projected strike of this slaty unit. The Company will report assays as they become available. Gold-in-till: The company is pleased to report exceptional results from its ongoing gold-in-till sampling program. Highly anomalous gold-in-till samples are now pointing to the RTDZ as the high potential place to find gold on the property. From all gold in till work on the Shining Tree property and publish data nearby a total of 766 till samples have been collected with a highest grain count of 207 and 23 samples containing greater than 50 grains of gold. A total of 42 till samples were processed recently by Overburden Drilling Management Ltd. revealing 22 samples returning counts equal to or greater than 10 grains of gold, 3 samples having counts equal to or greater than 25 grains, and 1 sample containing 79 grains. The program will be continued in 2021 to identify gold targets along the Ridout Tyrrell Deformation Zone. Channel Sampling Program: The Company is also pleased to report that a program of mechanized stripping and channel sampling was conducted at surface to test an area of multiple quartz-carbonate veins within a system of shear zones on the east side of the Caswell prospect (see image). The Caswell prospect is one of twenty old gold prospects, on the Shining Tree property, most of which were explored and developed underground and are very prospective warranting modern exploration. To put the current channel sampling work in perspective the cumulative stripping and sampling has now uncovered <0.5% of the target area (1,800m X 700m) of the project which included eight areas that were stripped with 559 channel samples collected in 2020. Of these samples: 126 assayed >0.1g Au/t., 28 assayed more than 2.0 g Au/t and 5 assayed greater than 4.0 g Au/t with the best assay results being 4.13 g Au/t/1.11m and 5.75g Au/t/0.35m. Of the areas exposed the quartz carbonate shear zones comprise 70-80% and the quartz vein content comprises 1-10%. The attached map shows areas sampled with highlighted results. Geochemical analyses of a select number of samples from 2010 and 2020 were conducted and anomalous trends for silver, copper, zinc, tellurium, and arsenic were plotted. Threshold values of 209 parts per million for copper, 116 parts per million for zinc, 64 parts per million for arsenic, 419 parts per billion for silver and 138 parts per billion for tellurium were calculated for the covariant plots shown with the gold channel sample results. It is evident among other things that anomalous tellurium appears to be marginal to zones of higher gold values. Trace to 1% pyrite is associated with the mineralized zones with recognizable copper mineralization in some cases. This suggests that the mineralization might be amenable to detection and meaningful definition for the purposes of drill targeting by spectral IP or equivalent. Therefore, the additional geochemical analyses were done to help vector into stronger mineralization, but given the size of the target area, and the relatively small area of the sampling, IP will be used next to define priority drill targets on the Caswell Ronda prospect. James R. Trusler, Chairman & CEO of Platinex Inc. stated, “The body of work on the Caswell prospect has identified a broad area of what we believe to be associated mineralization in ENE trending veins hosted within shear zones. The near surface veins combined with the other known mineralized NNW trending veins such as the Saville and the Evelyn are targets for the possible location of a near surface gold deposits. Indications of disseminated sulphides associated with the gold mineralization suggest that IP may be used to locate targets with stronger mineralization. The Ridout Tyrrell deformation zone is believed to trend just south of or within the Herrick deposit, and this may explain the thicker zones of mineralization intersected in the Herrick drilling. If so, any associated IP anomalies will represent priority targets.” The company has also granted 600,000 options to consultants. The options are priced at seven cents and expire five years from today's date. 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, Director/Corporate Development ConsultantTel: (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. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3892274e-6ba5-425a-bee7-2dd316195050

  • Platinex Announces Director Retirement and Appointment of Frank Hoegel To Finance Advisory Committee
    GlobeNewswire

    Platinex Announces Director Retirement and Appointment of Frank Hoegel To Finance Advisory Committee

    TORONTO, March 29, 2021 (GLOBE NEWSWIRE) -- Platinex Inc. (CSE: PTX) (the "Company" or "Platinex”) announces the retirement of long-standing board director Lorne D. Burden effective March 31, 2021. Further we are pleased to announce the appointment of Frank Hoegel to the Company’s Finance Advisory Committee chaired by Greg Ferron. James R. Trusler, chairman and chief executive officer of Platinex, stated: "Lorne and I have been industry colleagues and friends for over 35 years. I wish him well in his retirement and look forward to assistance and insight as the drilling program and exploration activities at Shining Tree advance. We welcome Frank’s knowledge and extensive experience and track record he brings to our advisory board. Frank’s work in the mining sector includes capital markets activities, fundraising, diverse board and M&A experience.” Mr. Hoegel has served as CEO at Peter Beck Performance Fonds GbR, bringing with him over 22 years of experience in the financial sector. He is an Asset Manager actively involved in the financial evaluation of companies and convertible debenture structuring. Mr. Hoegel has international financing experience, the ability to analyze expansion and acquisition opportunities, and expertise with Canadian and Australian resource companies. He has a broad base of involvement in global investments, primarily focused on the structuring, initiation, and completion of international convertible debenture financings. His background includes more than 20 years of direct experience in the mining industry, expertise as an international financier / investor and a successful track record as a consultant and stockbroker in London, England. He serves on the Board of Directors of numerous public companies and is a Member of the Advisory Board of Concept Capital Management Ltd. He has a Master of Business Administration (FH) degree from a University in Germany, with a focus on Financial Management, Banking, and International Business & Management. The company has also granted 600,000 options to an advisor and consultant. The options are priced at seven cents and expire five years from today's date. For more information on drilling program and to view the new corporate presentation, please visit Platinex's website. To receive Company press releases please subscribe at the Company’s website. Lori ParadisAssistant SecretaryTel: (416) 268-2682Email: lparadis@platinex.com Greg FerronDirector, Corporate DevelopmentTel: (416) 270 – 5042Email: gferron@platinex.com Web: platinex.com About Platinex Inc. – Advancing a District Scale Project in an Abitibi Gold CampPlatinex 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". 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. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. 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. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any province in which such offer, solicitation or sale would be unlawful. The securities issued, or to be issued, under the Private Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Canadian Securities Exchange has not approved nor disapproved the contents of this press release.