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Platinex Inc. Provides Update on the Shining Tree Gold Project

Platinex Inc., a Canadian junior mineral exploration company, updated on its 225 km2 Shining Tree Gold Project situated in the Abitibi region of Ontario, a world-known gold district.

Windfall Geotek Map. Image Credit: Platinex Inc.

The company has started an exploring effort to find fresh gold opportunities in five underexplored but highly promising locations outside the property's primary core. Each location will undergo prospecting, geological mapping, litho-geochemical sampling, and soil sampling.

The company has hired a resource company to assemble historical information and model earlier drilling in the central region and the recently acquired mine area (Ronda Mine). The Herrick deposit will also undergo an exploratory target review to determine prospective expansion and infill drilling locations.

Areas selected by Windfall Geotek Corp.’s (Windfall) artificial intelligence (AI) approach will also be included in the exploration. Windfall discovered several fresh targets outside the scope of earlier exploration efforts.

After the current activities are completed, the company will examine data from newly generated targets and the compilation and modeling of the central area of the Shining Tree property to identify the targets that should receive the highest priority for additional exploration and drilling later this year. The exploration strategy calls for trenching and stripping the priority prospects to provide high-quality drill targets.

New Target Generation and Location

On property that Platinex recently purchased through property acquisitions from Treasury Metals Inc. (July 2020), Alamos Gold Inc. (August 2021), and Skead Holdings Limited (March 2022), several regions are targeted as part of the present exploration program. Platinex has not conducted any exploration in these locations.

Target Area #1: The Ridout-Tyrrell Fault Zone (RTFZ) is surrounded by several splay faults and shears in Churchill Township. Potential iron formation in the Porcupine assemblage, which is immediate to the northwest of the Herrick Deposit, as well as the iron formation and the mylonitized, mineralized, and deep-seated contact between the Keewatin–Porcupine assemblage in the Churchill and Corona gold occurrences area, are features of interest.

Target #1 is distinguished by a prominent magnetic high and flanking lows that are comparable in size to those at the adjacent Juby deposit and have a similar magnetic gravity signature.

Target Area #2: This target area, in northern MacMurchy Township, is home to multiple northwest-trending splay structures off the RTFZ and the east-west sheared Keewatin-Porcupine assemblage contact. There are some substantial gold-in-till anomalies nearby the target region.

Target Area #3: Windfall has prioritized this target area, which is located in south-central MacMurchy Township. The Michiwakenda Lake Fault, which runs parallel to and 400 m east of the Herrick deposit in southeast Churchill Township, bisects the target area.

Target Area #4: Asquith-Churchill Townships. Target #4 is split by northwest-trending splay faults/shears from the RTFZ, similar to Target Area #1. Felsic to intermediate porphyries, intrusive rocks, and mafic to ultramafic flows all underlie the region. The target area is situated on a strong magnetic susceptibility high with a northwest trend that coincides with many ancient gold showings and shafts.

Target Area #5: The Tyrrell Fault, home to the Juby and other gold deposits in neighboring Tyrrell Township, is similar to the target area, which is located in the center of Leonard Township. Both faults include potential splay structures. The target is distinguished by a magnetic high that coincides with a folded iron formation and is regarded as an advantageous environment for gold deposits.

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