Chart usGOLD   Chart usSILVER  
 
Food for thought
Government cannot make man richer, but it can make him poorer.
Ludwig von Mises  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1234.075.97
Silver 18.680.06
Platinum 1366.303.24
Palladium 841.337.63
WORLD MARKETS
DOWJONES 16988-57
NASDAQ 4568-24
NIKKEI 1594839
ASX 5532-15
CAC 40 44421
DAX 9651-40
HUI 219-3
XAU 92-1
CURRENCIES (€)
AUS $ 1.4382
CAN $ 1.4376
US $ 1.2962
GBP (£) 0.7981
Sw Fr 1.2100
YEN 138.9200
CURRENCIES ($)
AUS $ 1.1096
CAN $ 1.1090
Euro 0.7715
GBP (£) 0.6158
Sw Fr 0.9335
YEN 107.1740
RATIOS & INDEXES
Gold / Silver66.06
Gold / Oil13.37
Dowjones / Gold13.77
COMMODITIES
Copper 3.07-0.04
WTI Oil 92.27-0.68
Nat. Gas 3.860.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Platinex Sells Ivanhoe Property
Published : December 07, 2012
( 0 vote, 0/5 ) Print article
     
Tweet

TORONTO, ONTARIO--(Marketwire - Dec. 7, 2012) - Platinex Inc. (News - Market indicators), has entered into an agreement with Probe Mines Limited to sell 100% interest in its Ivanhoe property. The Company will receive $80,000 as well as 50,000 common shares, and grant a net smelter royalty ("NSR") of 1.5% on the property. The securities will be subject to a restricted period of four months and one day from the date of issuance. The purchase is subject to TSX Venture Exchange approval.

The Ivanhoe property comprises 363 claim units covering approximately 58 square kilometres situated at the east end of the Borden Lake Belt. The claims are believed to cover the same horizons which host the Borden Lake gold discovery.

James R. Trusler, president and CEO of Platinex stated, "We are pleased to conclude this deal with Probe Mines to explore this strategic property since it will enable Platinex to achieve shareholder value."

For the purpose of this release James R. Trusler P.Eng is the Qualified Person.

About Platinex Inc.

Platinex has recently revealed strong evidence of a major gold bearing zone on its Shining Tree property as evidenced by a provincially significant, extraordinarily high gold content of soil samples along a nine km long corridor. Platinex is expanding exploration on the Herrick gold deposit with 62 holes drilled to date with an average grade of 2.10 g/tonne gold. Platinex's management team are leaders in the exploration for Platinum Group Elements (PGE's) in North America. Shares of Platinex are listed for trading on the TSX Venture Exchange under the symbol "PTX", (OTCQX: PANXF.PK) (Frankfurt: 9PX.F).

About Probe Mines:

Probe Mines Limited is a Canadian precious metals exploration company whose key asset is the Borden Lake Gold project in Ontario, Canada. As of July 31, 2012, the Company had approximately $27 million in treasury and a portfolio of highly prospective mineral properties. In addition, Probe disposed of its Goldex royalty on November 29, 2012 and received $14 million with the possibility of receiving up to an additional $4 million based on production milestones. The Company is actively exploring a significant new gold resource on its Borden Lake project near Chapleau, Ontario and has 100% interest in the Black Creek chromite deposit located in Northern Ontario. The Company's shares trade on the TSX Venture Exchange under the symbol PRB.

For further information please visit the company website.

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.

Platinex Inc.
James R. Trusler
President and CEO
(905) 258-0517
jtrusler@platinex.com
www.platinex.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All
Tweet

Platinex Inc.

EXPLORATION STAGE
CODE : PTX.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Platinex Inc.
12/14/2009Platinex, Ontario, First Nation settle disputes
Financings of Platinex Inc.
9/30/2013Completes Private Placement
8/21/2013Financing
Financials of Platinex Inc.
4/28/2011Posts Over Nine Cents Earnings Per Share
Corporate news of Platinex Inc.
3/1/2013to Market Bond
12/7/2012Sells Ivanhoe Property
12/7/2012Sells Ivanhoe Property
10/3/2012Sells Tib Lake Claim Group
10/3/2012Sells Tib Lake Claim Group
7/18/2011Receives Additional Encouraging Till Results
7/4/2011s Drill Holes on the Shining Tree Property
6/9/2011Expert Confirms Platinex Shining Tree Gold Dispersal Train S...
5/23/2011Reports Drilling Results on Herrick Deposit on Shining Tree ...
5/16/2011Vests Interest in Shining Tree Property
5/11/2011Files Technical Reports for Ring of Fire Properties
4/4/2011Grants Stock Options
3/30/2011Announces New Gold Property Acquisition
3/15/2011and Creso Exploration Inc.: Gold Corona Joint Venture Trench...
3/3/2011Drilling to Resume on Platinex's Shining Tree Gold Property
2/17/2011Till Samples Evidence Large Untested Gold Zone on Platinex's...
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (PTX.V)
0.015+0.00%
TSX-V
CA$ 0.015
09/12 15:59 -
0%
Prev close Open
0.020 0.015
Low High
0.015 0.015
Year l/h YTD var.
0.010 -  0.020 50.00%
52 week l/h 52 week var.
0.005 -  0.020 -25.00%
Volume 1 month var.
19,000 50.00%
24hGold TrendPower© : 34
Produces
Develops
Explores for Platinum
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
201450.00%0.020.01
2013-66.67%0.050.01
2012-50.00%0.110.02
2011-53.85%0.140.05
2010-7.14%0.190.08
 
5 years chart
 
3 months chart
 
3 months volume chart