Platinex Reports Success of Till Sampling Program, Shining Tree, Ontario
22 Noviembre 2011 - 8:00AM
Marketwired
Platinex Inc. (TSX VENTURE:PTX), is pleased to report the success
of its gold dispersion sampling program in Shining Tree, Ontario.
The recent samples have succeeded in defining the up ice source
area along a 2km strike length of the anomalous gold in till zone.
In addition, a highly anomalous value obtained in one sample 50m
north of the anomalous gold grain counts reported in October, (See
Platinex release Oct. 18, 2011) confirmed a newly located gold
dispersion train with 79 total and 14 pristine gold grains. Of the
35 till samples reported in this release 7 contained 10 or more
gold grains, 3 contained 25 or more gold grains and 1 contained
more than 50 gold grains. The majority of these samples are up ice
or down ice from the gold dispersion train but aide in the field
definition of the source area. To date 318 till samples have been
collected on the property and processed by Overburden Drilling
Management. Over 165 till samples collected this summer remain to
be processed.
To view a map of the Shining Tree Project, please visit the
following link:
http://media3.marketwire.com/docs/shining-tree-project.pdf
James R. Trusler, President & CEO of Platinex, stated, "We
are now in discovery mode. The near perfect correlation of the high
gold content tills, the broad deformation zone and wide and
extensive XDS Ortho anomalies is convincing. The geophysical
anomalies are interpreted to represent deep seated and major time
decay structures. Follow up IP will assist in defining our winter
drill targets."
The basal till at the bedrock interface is indicative of nearby
source material. The proven success of this method of prospecting
was recently detailed in the sampling of 29g/t Au across a 2m wide
quartz vein. (See Platinex release Nov 9 2011) Till samples
submitted for gold grain counts are sent to Overburden Drilling
Management in Ottawa. A heavy metal concentrate is produced by ODM
for each sample and the gold grains identified under microscope are
characterized as rounded, modified or pristine and counted. Of this
batch of 57 basal till samples the final 22 are to be processed by
ODM by December. All samples have been collected under the
supervision of Scott Franko, P.Geo who is considered the qualified
person for the purpose of this release.
About Platinex Inc.
Platinex has recently revealed strong evidence of a major gold
bearing zone on its Shining Tree property as evidenced by an
extraordinarily high gold content of soil samples along a nine km
long corridor. Platinex is expanding exploration on the Herrick
gold deposit with 66 holes drilled to date returning encouraging
gold values. Platinex's management team are leaders in the
exploration and development of Platinum Group Elements (PGE's) in
North America. Shares of Platinex are listed for trading on the TSX
Venture Exchange under the symbol "PTX".
To receive Company press releases, please email
lparadis@platinex.com and mention "Platinex press release" on the
subject line.
FORWARD-LOOKING STATEMENTS:
Except for statements of historical fact, all statements in this
news release - including, without limitation, statements regarding
future plans and objectives, are forward-looking statements that
involve various risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially
from those anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Platinex Inc. James R. Trusler President and CEO (905)
258-0517jtrusler@platinex.comwww.platinex.com Investor Cubed Inc:
Alan Huycke (647) 258-3311, (888) 258-3323 (416) 363-7977
(FAX)info@investor3.ca
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