TORONTO, March 3 /CNW/ - Platinex Inc. (TSXV: PTX) today announced it has
staked 82,600 acres (33,441 ha) on the Muskox Intrusion, in Nunavut Territory,
The Muskox intrusion is among the world's largest layered mafic
intrusions and rivals the Bushveld complex of South Africa in size. Previous
work on adjacent areas infers the existence of a PGE reef beneath the hidden
portion of the Muskox intrusion as well as the possibility of a contact
deposit at depth.
James R. Trusler, Platinex President and CEO, explained, "Many of the
world's PGE experts agree that the Muskox intrusion is the most prospective
large scale geological target for PGEs in North America."
At Muskox, Platinex first intends to conduct ground exploration with
follow up drilling commencing as early as late spring."
James R. Trusler is the qualified person for the purpose of this release.
Visitors to the PDAC 2008 convention in Toronto may wish to stop by the
Company's hospitality suite at the Fairmont Royal York Hotel, Prince Edward
Island room on the Mezzanine level, both today, Monday, March 3 and Tuesday,
March 4, from 5 p.m. to 9 p.m.
About Platinex Inc.
Platinex is a Canadian exploration company based near Toronto. Platinex
focuses on carefully selected Platinum Group Element targets in settings
analogous to the JM reef (Stillwater Complex, Montana) and the Merensky and
UG2 reefs (Bushveld Complex, RSA). Platinex is determined to find platinum
sources to be used in the campaign to eliminate the threat of global warming.
Shares of Platinex are listed for trading on the TSX Venture Exchange under
the symbol PTX.
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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.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: Platinex Inc.: James R. Trusler, President &
CEO, Tel: (905) 727-9046, Email: firstname.lastname@example.org; CHF Investor Relations:
Cathy Hume, CEO, Tel: (416) 868-1079 ext. 231, Email: email@example.com; CHF
Investor Relations: Chris Haldane, Associate Account Manager, Tel: (416)
868-1079 ext. 237, Email: firstname.lastname@example.org