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Platinex Announces Acquisition Of Titanium-Vanadium Claims Adjacent To W2 Cu-Ni-Pge Project And Receipt Of Government Grant For Shining Tree Gold Project

May 10, 2022•over 3 years ago

Acquiring Company

Platinex

Acquired Company

Titanium-Vanadium Claims

Natural Resources

Description

Platinex Inc. (CSE: PTX) (Frankfurt 9PX) (“Platinex” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Endurance Elements Inc. (“Endurance Elements”), has acquired additional mining claims adjacent to the W2 Copper-Nickel-PGE Project (the “W2 Project” or “W2”) in the Ring of Fire in Ontario, Canada. The new claims combined with the existing claims cover an 8-10 km long, northeast-trending magnetic high (the “Bartman Lake North Magnetic High” or “BNMH”) and include the area of a Titanium-Vanadium (Ti-V) discovery made by Aurora Platinum Corporation in 2001. See image.

Company Information

Company

Platinex

About

Platinex is listed on the Canadian Securities Exchange under the symbol PTX. The goal of the company is to create shareholder value through opportunistic acquisition, and discovery of strategically located projects in prolific Ontario mining camps. Platinex owns a 100% interest in the 225 km2 Shining Tree gold property in the Abitibi gold province of Ontario, which is world-renowned for gold. The Shining Tree Project covers over 21 km of the Ridout-Tyrrell deformation zone that trends as far west as Newmont’s Borden Mine, through the area of IAMGOLD’s Cote Gold deposit, directly through Platinex’s Shining Tree gold property, and on Aris Gold’s Juby Project. In addition, Platinex owns a 100% ownership interest in the W2 Copper-Nickel-PGE Project. The W2 Project controls one of the major Oxford Stull Dome complexes and includes over 5 km of strike length of known near-surface Cu-Ni-PGE mineralization within a large (9,134 Hectare or 91 km2) land package located near the Ring of Fire. The Company also has royalties on gold, PGE and base metal properties in Canada and Chile. For further information please contact. Mr. Greg Ferron, CEO at 416-270-5042 or via email at: gferron@platinex.com To receive Company press releases, please sign up on the website www.platinex.com.

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