LOCATION:
Ring of Fire, Ontario, Canada
SIZE:
15,973 ha
STAGE:
Discovery
DEPOSIT TYPE:
Cu-Ni-PGE
Overview
The W2 Project controls one of the major Oxford Stull Dome complexes and includes over 5 km of strike length of known Cu-Ni-PGE mineralization within a large (13,031 Hectare or 130.3 km2) land package located in Ontario’s Ring of Fire. Platinex holds a 100% ownership interest in W2 through its subsidiary, Endurance Elements Inc.
- >5km PGE horizon drilled at wide spacing. Significant Cu-Ni-PGE assays over wide intervals where drilled. Potential to build large-scale resource through additional drilling.
- Numerous additional highly prospective Cu-Ni-PGE and shear-hosted Au targets in underexplored east section of W2.
- Approximately $5 M in exploration expenditures including 8,772 m of drilling and VTEM/AeroTEM II airborne geophysical surveys.
- Transaction completed on favourable terms.
- Expands Platinex’s project portfolio into Cu-Ni-PGE.
- Positions Platinex as a new player in the Ring of Fire. W2 will benefit from recent transaction between Wyloo Metals and Noront, and ongoing infrastructure investments in the region.