. has recently acquired an option to purchase the Nabish Lake Ni-Cu-PGE prospect which overlies most of the Nabish Lake layered Intrusion. Widespread mineralization is associated with the intrusion with values up to 3.5% Ni, 6.5% Cu and anomalous levels of PGE. In addition a recent VTEM survey over the intrusion identified several drill-ready, untested EM anomalies believed to be within a feeder dike. Platinex has prioritized investigating these anomalies. In addition the Company’s long term priority is to further explore its highly prospective gold property in Ontario’s emerging Shining Tree gold camp. Platinex has been progressing a drill and surface program at Shining Tree on available financing. A 20,000m drilling program has been permitted. Two key targets are to expand the known size of the Herrick gold deposit and to locate and define the sources of the exceptionally anomalous glacial gold train on the property.
The Company also has an unique $10 million PGE exploration research library covering exploration on 40 large layered intrusions in North America. Discussions are in progress to form a platinum exploration syndicate enabled by outside financing. Two of the Company’s exploration properties with the potential to host large scale Platinum Group Elements (PGE) ore bodies are situated on layered intrusions.
The goal of Platinex is to enhance growth in capitalization and share value by exploring and discovering gold and PGE’s while maintaining a strong property portfolio.
Platinex’s management team and board of directors have extensive exploration, mining and business experience.