PTX Metals Inc. Launches Pre‑Drilling at Shining Tree Gold Project
PTX Metals Inc. (TSXV: PTX) commenced a pre‑drilling work program at its Shining Tree gold project in the South‑Timmins region of Ontario, Canada, as announced on October 22, 2025. The initiative is part of a broader exploration effort aimed at delineating the geological framework of a larger target area that is believed to be associated with the Ridout‑Tyrrell deformation zone.
Key Details of the Work Program
| Item | Information |
|---|---|
| Location | Shining Tree, South‑Timmins, Ontario |
| Objective | Establish the geological characteristics of a potentially larger target area linked to the Ridout‑Tyrrell deformation zone |
| Scope | Pre‑drilling activities to prepare for subsequent drilling campaigns |
| Projected Partners | Existing nearby projects such as the McFarlane’s‑Juby deposit and the Cote Gold Mine operated by IAM Gold |
| Funding | Financing for the program has been secured, as indicated by the company’s public statements |
Context within PTX Metals’ Exploration Portfolio
PTX Metals also reports ongoing work at its Cu‑Ni‑PGM deposit at W2 and at the Heenan Mallard area in Timmins. The company’s exploration strategy focuses on multiple metal targets, including gold, copper‑nickel, and platinum group metals (PGMs).
Market and Financial Snapshot (as of October 22, 2025)
- Share Price: CAD 0.10 (close)
- 52‑Week High: CAD 0.17 (March 25, 2025)
- 52‑Week Low: CAD 0.085 (July 13, 2025)
- Market Capitalisation: CAD 15.46 million
- Price‑to‑Earnings Ratio: –3.5 (negative due to ongoing exploration expenses)
Company Overview
PTX Metals Inc. is a Canadian materials‑sector company listed on the TSX Venture Exchange. It specializes in the exploration of platinum group elements and other base metals. The company’s operations are concentrated in Ontario, where it pursues both gold and PGM projects.
The initiation of the pre‑drilling program at Shining Tree marks a significant step in PTX Metals’ efforts to expand its resource base and to advance potentially high‑value deposits within the province.
