Stockwatch
265 words
11 July 2008
Canada Stockwatch
English
(c) 2008 Canjex Publishing Ltd.
Platinex Inc (TSX-V:PTX)
Shares Issued 25,891,548
Last Close 7/10/2008 $0.22
Friday July 11 2008 - News Release
Mr. James Trusler reports
PLATINEX UPDATE
After unparalleled efforts to gain access to the Big Trout Lake
property were not met with the needed co-operation of KI, Platinex Inc.
management decided that diversification into other properties was
necessary. Commencing in late February, Platinex staked seven very
prospective platinum group element properties and optioned one gold
property. Further details can be found on the newly revamped Platinex
website.
Reports for the various properties are being prepared and will be
published shortly.
Recently a suit was brought against the Ontario government for its role
in causing damages to Platinex and its shareholders during the
continuing legal issues at Big Trout Lake. Some background for this is
provided in the company's recent management's discussion and analysis
and an article in the First Nations Yearbook, an aboriginal journal;
both can be found on the company's website.
The company's efforts going forward in the near term will stress
pursuit of exploration on the Shining Tree gold property, which is
located on several former gold developments, and the McFaulds South
property near the recent Noront discoveries. The company's approaches
to first nations bands in and around these new properties have been
very encouraging and the company believes it will receive much support
from local first nations going forward.
Please visit the company's website for press release information and
details about its new properties.
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