Tag Archives: Gold mining

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
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  • 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

Shining Tree Property Map


PTX METALS ROYALTY PORTFOLIO:

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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Latest Press Release- PTX METALS INC. PROVIDES POSITIVE MINERALOGY RESULTS AND A WORK PROGRAM UPDATE AT ITS W2 CU-NI-PGE AND GOLD PROJECT

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!

 

 

Gold Hitting New All Times Highs in 2025!

Gold has been hitting new all-time highs in early 2025 due to several key factors. Central banks worldwide are aggressively buying gold, reducing reliance on the US dollar amid geopolitical tensions. The US Federal Reserve’s shift towards cutting interest rates makes gold more attractive compared to yield-bearing assets. Inflation concerns continue to drive investors to gold as a hedge.

-Additionally, global economic uncertainty and potential US policy changes under President Trump, including tariffs and spending, add to the bullish sentiment. These elements combined suggest a strong demand for gold, pushing prices to historic levels as forecasted by various analysts.

 

Here are the top five countries for yearly gold production based on the most recent data available:

 

  1. China – Approximately 370 metric tons.
  2. Russia – Around 310 metric tons.
  3. Australia – Also around 310 metric tons.
  4. Canada – Approximately 200 metric tons.
  5. United States – Around 170 metric tons.
This ranking reflects production data from 2023, as sourced from various reports on gold production by country.
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Newest and Largest Gold Discovery 
The most recent large gold discovery in the world was reported in China, in the Wangu gold field located in Pingjiang County, Hunan Province. This discovery was announced in late 2024 and is estimated to contain over 1,000 tonnes of gold, potentially making it the largest known gold deposit in the world. The value of this deposit is estimated to be around $83 billion, or approximately 600 billion yuan.