Mr. Greg Ferron reports
PTX METALS INC. REPORTS COMPILATION OF GEOPHYSICAL DATA AND ONGOING ACTIVITIES AT ITS W2 CU-NI-PGES PROJECT
PTX Metals Inc. has released results of the 3-D inversion processed from the 2025 magnetic survey at its W2 copper-nickel and platinum-palladium-gold (PGEs) project in Ontario, Canada. These new data bring significant insight into the behaviour at surface and depth of the targeted gabbroic horizons linked with the mineralization. This leads to increasing confidence for drill targeting and provides more visibility for expansion of the target. The company is also advancing other activities including a drill program at W2 project.
Additionally, PTX Metals is pleased to see recent developments announced by Ontario government on Oct. 29, 2025, related to a signed agreement with Webequie First Nations that includes:
- Funding local community priorities;
- Providing necessary infrastructure upgrades;
- Speeding up construction of the roads and infrastructure in the region (see Ontario and Webequie First Nation sign historic agreement to unlock the Ring of Fire);
- Results from the 3-D inversion.
Results are strongly suggestive of a magmatic causative source highlighted as a stronger response in the magnetic pattern, which correlates well with the position of the mapped magnetic gabbro. Earlier this year, the company released an initial geological interpretation identifying a preferred folded horizon extending for an estimated eight kilometres in strike length. Additional structures such as thrusting and faulting led to imbrications for stacked mineralized intercepts especially in the CA zones. Similarly, the AP zones seem to have been strongly structurally affected as well.
The 3-D inversion result confirms this distinct pattern, showing multiple north-south imbrications allowing formation of near-surface bulk tonnage targets. For example, as indicated in the Section A -- 460500E, the stacked zone could reach up to 1,850 metres width and extending to depth. Along trend, similarities can be observed between CA1 and CA2 with some variations such as thickness, dip and orientation depending on the main structural strains.
An independent geophysicist processed the mag survey data which consists in flight lines trending north-south spaced at 75 metres and a mean terrain clearance of 34 metres. Additionally, for compilation, other data were considered for this evaluation such as the electromagnetic (EM). The EM data were used in 2024 to further process and to generate Maxwell plates in order to delineate conductors. It is important to note that unconstrained potential field models as calculated by a magnetic inversion process do not have unique solutions, and that at deeper depths the resolution of the models and confidence in the results are reduced.
Over all interpretations and observations, tend to vector ideas toward a mineralized horizon within the gabbro and a tendency for higher-grade zones at contact with the metavolcanics unit. The mineralization also indicates multistage deposition, which is currently being investigated under a paragenesis study and is expected to increase confidence in the model and assist in future targeting.
- PTX exploration program at W2
The company continues to advance an extensive work program, which includes a drill program, continuing metallurgical testing, paragenesis study and age dating study on the gabbroic horizons of interest using the 2024 and 2025 core drilled by the company.
In October, 2025, a lidar survey was flown by KBM Resources Group. Results are expected by early January, 2026, and comprise a detailed topography and orthophoto, which will help for future resource modeling as well as locating historical work on the property.
The company will provide shortly a separate press release outlining the drill program and its objectives.
- Ontario and Webequie First Nation sign historic agreement to unlock the Ring of Fire
Ontario recently signed an agreement with Webequie FN to finance local community priorities and necessary infrastructure improvements ahead of construction of roads and other upgrades in the Ring of Fire. The province says that this support is a critical step in the development and construction of the proposed all-season Webequie supply road to the Ring of Fire. Funding will also support studies to realign other winter roads and ultimately will link all season roads to existing Pickle Lake corridor, which extends near the western edge of the W2 project.
The technical information presented in this news release has been reviewed and approved by Kyle Pedersen, a non-independent qualified person to PTX Metals who is responsible for ensuring that the related technical information provided in this news release is accurate and who act as a qualified person (QP) as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.
PTX is a mineral exploration company focused on high-quality strategic metals assets in Northern Ontario, allowing exposure for shareholders to copper, gold, nickel and PGEs (platinum group elements) discoveries. The province of Ontario is a renowned mining jurisdiction for its abundance of mineral resources and safe jurisdiction.
The company's corporate objective is to advance its assets and unveil the potential of two flagship projects, the W2 Cu-Ni-PGE located in the strategic Ring of Fire region and the Shining Tree gold project neighbour to other known deposits in the Timmins gold camp.
PTX's portfolio of assets was strategically acquired for their geologically favourable attributes, and proximity to established mining companies.
PTX is based in Toronto, Canada, with a primary listing on the Toronto Stock 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.
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