Category Archives: Gold
PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF) (FSE: 9PX)
PTX Metals Inc. is based in Toronto, Canada headed by CEO Greg Ferron. 
Mr. Ferron is a highly experienced executive who is well known in the Bay Street community and has experience with financing under the banner of large corporations as well as director and CEO experience with junior exploration companies. This includes senior level roles at Laramide Resources Ltd., Treasury Metals Inc., Fancamp Exploration, Omai Gold Mines, TMX Group and Scotiabank. Mr. Ferron currently holds over 3 million shares in PTX. Obviously when management holds a substantial position in their own company this is inspiring to shareholders.
PTX Metals has a primary listing on the TSX Venture Exchange 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.
PTX is focusing on 2 flagship properties located in northern Ontario which is known as a prolific mining territory with a co-operative jurisdiction and world class discoveries. The projects are the W2 Cu-Ni-PGE and Gold Project and the South Timmins Gold Joint Venture Project.
“…focused on high-quality strategic metals assets in northern Ontario, allowing exposure for shareholders to Copper, Gold, Nickel, and PGEs discovery. ”
PTX METALS PROPERTY PORTFOLIO:
- W2 (Copper-Nickel-PGE)
- The W2 Copper-Nickel-PGE and Gold Project is comprised of 1,122 cell units covering 22,094 ha (220 km2) in an area of world-class geological targets near Ontario’s Ring of Fire. W2 controls a significant part of the “Oxford Stull Dome Complex”, including the mineral-rich and under-explored, layered mafic-ultramafic Lansdowne House Igneous Complex (“LHIC”), which is highly prospective for copper-nickel (Cu-Ni), platinum group element (PGE), and chromite deposits.
- W2 is located approximately 475 km northeast of Thunder Bay, 60 km southwest of Ring of Fire Metals’ Eagle’s Nest Mine, and 50 km from the future Webequie Supply Road which will provide a year round connection between the Ring of Fire and the provincial highway network within 5 years. Current access to the project is by winter road originating in Pickle Lake.
- W2 Project Property Map
____________________________________________________________________ - Shining Tree Gold Project
The Shining Tree Project is a district-scale gold property. It covers a large section of the Ridout Tyrrell deformation zone (RTDZ) which trends as far west as Newmont’s Borden Mine, through the area of IAMGOLD’s Cote Gold deposit, and across Aris Gold’s Juby Project.
- Property includes one historical gold producer and over 30 underground developments and prospects.
- Drill hole HU89-08 intersected 35.4m grading 1.1g/t Au
PTX METALS ROYALTY PORTFOLIO:
Ontario
PTX is developing a net smelter return (NSR) royalty portfolio and currently holds royalties on the following early-stage gold, PGE, and base metal properties.
- Big Trout Lake (PGE-Ni-Cu-Cr): 2.5% NSR on 12,080 acres.
- Tib Lake (PGE): 0.5% NSR on 4 legacy claims held by Lac des Iles Mines Ltd., a wholly-owned subsidiary of North American Palladium Ltd., covering the Tib Lake intrusion.
- MacMurchy Township (Au): 1% NSR on 33 legacy claims in Shining Tree area held by Golden Harp Resources.
- Ring of Fire (Au-Ni-Cu-PGE-Cr): 1% NSR on 23 cell claims in Ring of Fire area held by Aurcrest Gold Inc.
- 1% NSR on Muskrat Dam Critical Minerals Project following GCC earn-in.
- 1% NSR on Scattergood project owned by Heritage Mining
- 1% NSR on the Muskrat Dam Critical Minerals Project
Chile
Sonia-Puma (Au-Cu): 2% NSR on Sonia-Puma claims held by Newmont.
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Overall PTX Metals is a very well positioned exploration company with a lot of experienced management at the helm.
The jurisdiction of northern Ontario is excellent and the timing in the market really could not be any better. The current market
cap is just over $12 million (cad) with the shares outstanding at just under $119 million.
The future is looking very bright for PTX Metals and we hope you will stay tuned for more information on this exciting exploration company!
Where is gold price headed?
Its April 2025 and gold is hitting all time highs day after day! Who knew? Obviously someone
knew, collectively or solo, and now everyone knows. Gold is now one of the best performing assets over the past 25 years after trading under an astonishing $300.00 per ounce back at the turn of the century.
Many times there doesn’t seem to be much rhyme or reason to asset and commodity prices until after the fact and the meteoric rise of the gold price is causing a lot of people to scratch their heads, however here we are.
The next question is which companies are still a bargain in order to make some profit from golds explosive rise? Some people are buying the senior gold mining companies and some are waiting for silver to follow and positioning themselves in silver companies. Some people are taking a very close look at gold juniors since they can be very profitable if you happen to have a substantial position at the right time in the cycle.
As we can see from the XAU/GOLD chart below the correlation between gold miners and gold has been much much higher than the current level. So will the general public discover gold miners and pile in and take their share prices back to the lofty historic levels? There are always value seekers so we shall see.
There are many opportunities and couple juniors we have owned for a number of years, Amex Exploration Inc. (AMX.V) and GTWO Resources (GTWO.TSX) .
Both companies have discovered substantial deposits of gold, AMX in Quebec and GTWO in Guyana. AMX has a glitch when they released their MRE since the estimate was lower than they had been hoping for and the market had been suggesting. However they have charged on and the interest seems to have picked up very recently with volumes and price both increasing.
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GTWO has been on a steady uptrend for the past year as their discoveries keep getting larger and investors can see that Anglogold has been steadily buying in the open markets.
Both of these juniors are looking healthy and seem to have more upside and possibly substantially more upside as the price of gold continues to rock and roll!
Stay tuned…