Platinex Inc provided an update on how it had undertaken exploration activities to advance its Shining Tree Gold project located in the Abitibi gold district of Ontario.
In an exploration update, the Toronto-based company said that it is rapidly advancing its Shining Tree gold project by adopting a “two-pronged approach” where it is identifying new gold targets in several highly prospective areas of the 225 square kilometer land package, including ground along the Ridout-Tyrrell Deformation Zone (RTDZ), through cost-effective grassroots prospecting methods.
As part of the two-pronged approach, Platinex is also developing drill targets at the centre of the property, including the Herrick deposit and the Ronda Mine area, through more advanced exploration.
READ: Platinex kicks off exploration program targeting underexplored areas at Shining Tree Gold Project in Ontario
Several areas targeted as part of the current exploration program are on the grounds that Platinex acquired through recent property acquisitions.
Fieldwork in 2022, including prospecting, geological mapping, and soil sampling, as well as the modeling of historical drilling in the Herrick deposit and Ronda Mine areas, has increased Platinex’s understanding of the district-scale Shining Tree property.
Recent fieldwork
Soil sampling in new target areas 2 and 3 has been completed and target area 5 has been partially covered. Platinex reported that 1,865 samples were collected and submitted to Activation Laboratories for analysis. Soil Gas Hydrocarbon (SGH) results for Area 3 have been received from Actlabs.
Target Area 3: The results for Area 3 identified a robust anomaly in one of the most reliable SGH Pathfinders Classes in predicting the presence of gold mineralization, said the firm. The so-called Bob Lake Anomaly (BLA) is located east of Bob Lake in the east-central part of the soil grid in Area 3.
According to Actlabs, which has recommended the BLA target for drill testing, a rating of 5.0, based solely on SGH, means “a high probability” that mineralization may be present. Significantly, the BLA corresponds with the potential gold mineralization targets identified by Windfall Geotek using artificial intelligence, the company noted. The BLA is a highly prospective target for further exploration including stripping, trenching, and drilling as the company continues its work program at Shining Tree, it added.
A reconnaissance geological mapping transects along the highway in target area 1A identified a broad northeast-striking deformation zone with strong to intense iron carbonate alteration and quartz veining halfway between the Herrick and Ronda deposits. The deformation zone has a northeast trend similar to nearby historical gold-in-till anomalies. Detailed litho-structural mapping and sampling will be completed to evaluate its economic potential for gold mineralization, sad the company.
Target Area 2: This target area, in northern MacMurchy Township, covers the east-west-trending sheared Keewatin-Porcupine assemblage contact and is host to numerous northwest-trending splay structures off the RTDZ. The target area is coincident with significant gold-in-till anomalies. Soil samples have been collected and submitted to Actlabs for ICP-MS analysis.
Target Area 5: This target area, in central Leonard Township, is host to potential splay structures off the RTDZ, similar to the Tyrrell Fault hosting the Juby and other gold deposits in adjacent Tyrrell township. The target is characterized by a magnetic high coincident with the folded iron formation, which is considered a favourable setting for gold deposits. Field crews covered 65% of target area 5. Soil samples have been collected in the area covered and submitted to Actlabs for ICP-MS analysis.
With the ICP-MS results from targets areas 2, 3, and 5, the company said it will now determine potential litho-structural mapping, litho-geochemical sampling, geophysical surveying, stripping, trenching, and drilling.
In addition, Platinex will continue soil sampling over the remaining portions of target area 5 as well as target areas 1A/B and 4 which have not been completed to date.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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