Platinex Inc has commenced an exploration program designed to identify new gold targets at its 225-square-kilometer Shining Tree Gold Project in Ontario’s Abitibi region.
The program is targeting five areas located outside the central core of the property that are underexplored yet highly prospective, according to a statement.
Prospecting, geological mapping, litho-geochemical sampling, and soil sampling will be carried out in each area, and Platinex has engaged a resource firm to compile historical data and model previous drilling in the central area and the recently-acquired mine Ronda Mine.
READ: Platinex offers W2 Copper-Nickel PGE project update, lays out exploration path forward in Ontario
Additionally, an exploration target review of the Herrick deposit will also be completed to identify potential expansion and infill drilling targets. Exploration will also cover areas identified by Windfall Geotek Corp’s artificial intelligence (AI) process, which identified several new targets outside of areas of previous exploration activity.
Ultimately, Platinex will analyze the data to determine the highest priority targets for further exploration and drilling activities later this year. The exploration plan includes stripping and trenching of the priority targets to generate high-quality drill targets.
The target areas are as follows:
Target Area 1, located within Churchill Township, covers several splay faults/shears off the Ridout-Tyrrell Fault Zone (RTFZ) and is characterized by a large magnetic high, with flanking lows, that is similar in size, and exhibits a similar magnetic gravity signature, to that found at the nearby Juby deposit.
Target Area 2, located in northern MacMurchy Township, covers the east-west-trending sheared Keewatin-Porcupine assemblage contact, is host to numerous northwest-trending splay structures off the RTFZ and is coincident with some significant gold-in-till anomalies.
Target Area 3, in south-central MacMurchy Township, was selected as a priority target by Windfall and is cut by a north-northwest-trending fault like the Michiwakenda Lake Fault, parallel to and 400 meters east of the Herrick deposit in southeastern Churchill Township.
Target Area 4, in Asquith-Churchill Townships, is also cut by northwest-trending splay faults/shears emanating from the RTFZ, but is underlain by mafic to ultramafic flows and intrusive rocks as well felsic to intermediate porphyries and located on a deep-seated, northwest-trending magnetic susceptibility high coincident with several historic gold showings and shafts.
Target Area 5, in central Leonard Township, is host to potential splay structures similar to the Tyrrell Fault hosting the Juby and other gold deposits in adjacent Tyrrell Township and is characterized by a magnetic high coincident with folded iron formation.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
Follow him on Twitter @andrew_kessel