PTX Metals Launches 5,000m Drill Program at W2 Copper-Nickel-PGE-Gold Project as Metallurgy, Geophysics, and Infrastructure Agreements Strengthen Outlook
PTX Metals Launches 5,000m Drill Program at
W2 Copper-Nickel-PGE-Gold Project as
Metallurgy, Geophysics, and Infrastructure
Agreements Strengthen Outlook
Toronto, Ontario--(Newsfile Corp. - December 1, 2025) -
PTX Metals Inc. (TSXV: PTX) (OTCQB:
PANXF) (FSE: 9PX)
("
PTX
" or the "
Company
") is pleased to announce commencement of a 5,000m
diamond drilling program at its W2 Copper-Nickel and Platinum-Palladium-Gold (PGE) Project in
Ontario, Canada. Drilling is focused on the Central Target with the initial holes targeting the CA1 and AP
zones.
The objectives of the first phase of the program are to test and delineate known exploratory targets (see
press release dated September 4
th
, 2024) with the goal of enhancing the resource estimate, as well as
expand the identified mineralized bodies with step-out holes within geologically prospective zones.
Through the first phase of drilling, the Company is also targeting and building it's understanding of the
higher-grade zones and possible enrichment within a larger sulfide-bearing envelop previously identified,
along with testing geophysical targets.
Figure 1: Drill pad location within the CA1 zone of the Central Target and a section of the W225-14
hole targeting the mag anomaly
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Drill planning was based on multiple lines of geological evidence, leading to targeting of a never-before-
tested geological interpretation of the property which is expected to more precisely guide current and
future drilling at the W2 property. Data considered during drill planning includes, but is not limited to,
previous PTX and historic drilling cumulating more than a 120 drill holes, the recent 2025 high-resolution
magnetic survey and the subsequent 3D inversion model, the electromagnetic survey and the resulting
Maxwell Plates. Latest compilation of data and the newest drill holes from PTX show that the
mineralization is mainly hosted within a deformed, sulfide-bearing, highly magnetic gabbroic unit, which
has been affected by various structural regimes. These previous steps allow significant de-risking for
targeting wide mineralized intersections and potential localized massive sulfides zones intercepts.
The current work is being conducted and based out of an exploration camp at the property located 60km
south of Webequie First Nation (WFN), where various support services at WFN are being used for the
W2 Project.
Picture 1: Cyr Drilling rig currently drilling at the W2 Project
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Greg Ferron, CEO & President states: "We are particularly excited to be back drilling at the W2 Project
this year with a more extensive program. We have taken significant steps for the Project and for the
Company to improve our geological understanding of the deposit, that we are now ready to further test
and build on the large exploration target issued in 2024. We are also pleased to be partnering with
several professional service providers at W2 including Cyr Drilling, SGS, Haveman, Wisk Air, Webequie
First Nations and our internal team. Importantly, with three recent infrastructure announcements in the
immediate region including two landmark First Nations agreements with Ontario government, positive
progress with metallurgy work and a strong commodity environment, W2 is very well positioned today."
Currently progressing additional activities at the W2 Project:
The Company continues to advance the project increasing knowledge with the preliminary metallurgical
results received, highly anticipated impending age dating, paragenesis study, resource modeling and
geological 3D interpretations still pending for results.
Additionally, a high-resolution topography and orthophoto LIDAR survey was flown by KBM Resources
Group and completed on October 25
th
for the Central Target.
Qualified Person
The technical information presented in this news release has been reviewed and approved by Kyle
Pedersen, a non-independent qualified person to PTX Metals who is responsible for ensuring that the
related technical information provided in this news release is accurate and who act as a "qualified
person" (QP) as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About PTX Metals Inc
PTX is a mineral exploration company focused on high-quality strategic metals assets in northern
Ontario, allowing exposure for shareholders to Copper, Gold, Nickel, and PGEs discoveries. The
Province of Ontario is a renowned mining jurisdiction for its abundance of mineral resources and safe
jurisdiction.
Our corporate objective is to advance our assets, and unveil the potential of two Flagship Projects, the
W2 Cu-Ni-PGE located in the strategic Ring of Fire region, and the Shining Tree Gold Project neighbor
to other known deposits in the Timmins Gold Camp.
PTX's portfolio of assets was strategically acquired for their geologically favorable attributes, and
proximity to established mining companies.
PTX is based in Toronto, Canada, with a primary listing on the TSX under the symbol PTX. The
Company is also listed in Frankfurt under the symbol 9PF and on the OTCQB in the United States as
PANXF.
For additional information on PTX, please visit the Company's website at
https://ptxmetals.com/
.
For further information, please contact:
Greg Ferron, President and Chief Executive Officer
1 (416) 270-5042
Forward-Looking Information
This news release contains forward-looking information which is not comprised of historical facts.
Forward-looking information is characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, and opportunities to differ materially from those
expressed or implied by such forward-looking information, including statements regarding the ability
of the Company to satisfy the regulatory, stock exchange and commercial closing conditions of
Private Placement, and the potential development of mineral resources and mineral reserves which
may or may not occur. Factors that could cause actual results to differ materially from such forward-
looking information include, but are not limited to, changes in the state of equity and debt markets,
fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals,
and general economic and political conditions. Forward looking information in this news release is
based on the opinions and assumptions of management considered reasonable as of the date
hereof, including that all necessary approvals, including governmental and regulatory approvals, will
be received as and when expected. Although the Company believes that the assumptions and factors
used in preparing the forward-looking information in this news release are reasonable, undue reliance
should not be placed on such information. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether because of new information, future events or
otherwise, other than as required by applicable laws. For more information on the risks, uncertainties
and assumptions that could cause our actual results to differ from current expectations, please refer to
the Company's public filings available under the Company's profile at
www.sedarplus.ca
.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there
be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful, including any of the securities in the United States of America. The securities described
herein have not been and will not be registered under the United States Securities Act of 1933, as
amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United
States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act)
unless registered under the 1933 Act and applicable state securities laws, or an exemption from such
registration requirements is available.
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adequacy or accuracy of this release.
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