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Mining

Platinex JV vehicle finds significant gold showings at Mallard and Heenan

Platinex Inc. (CSE:PTX) has provided an update on exploration activities at the Mallard gold and Heenan gold projects located in northeastern Ontario.

These projects, along with the Shining Tree gold project, are held through the South Timmins Mining joint venture with Fancamp Exploration Limited.

Exploration activity at Mallard has identified surface gold mineralization approximately 500 metres southeast of the Camp and River Zones, indicating a potential expansion of these zones.

Grab samples collected from the new area show up to 0.98 grams per tonne gold and soil samples trend up to 1,210 parts per billion gold, or 1.21 grams per tonne.

Currently, work is focused at Heenan where mechanized stripping has been completed in three areas. Geological mapping and channel sampling are underway in preparation for the drill testing of a high-priority coincident geophysical induced polarisation and geochemical anomaly.

Follow-up prospecting and infill geochemical sampling is also planned for Mallard.

Historical diamond drill intercepts at Camp and River include 5.04 grams per tonne over 3.69 metres, and 6.62 grams over 1.83 metres.

Forestry operations are currently in progress near Mallard, and it is anticipated that new roads currently being constructed will provide substantially improved access to the project for an upcoming drill program.

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