Platinex Posts Over Nine Cents Earnings Per Share
28 Abril 2011 - 10:00AM
Marketwired
Platinex Inc. (TSX VENTURE: PTX), announced that it has filed its
annual Financial Statements and Management's Discussion and
Analysis on SEDAR. Featured in the statements are milestones
achieved in 2010 including:
-- Income per share of $0.093 (PE ratio 1:1)
-- A settlement from the government of Ontario totalling $5,000,000 plus a
2.5% Net Smelter Royalty on the former Big Trout Lake property.
-- The Shining Tree Gold property advanced to the discovery stage with the
revelation of spectacular gold counts in soil along a nine kilometre
length of a shear zone.
-- Sixty three holes drilled on the Herrick gold deposit to date on Shining
Tree property have all intersected gold with a resource valuation to be
conducted later this year.
-- Joint Venture agreement entered with Creso Exploration to explore a nine
claim portion of adjoining property.
-- An extensive sampling program on the Caswell prospect at Shining Tree
has confirmed the widespread and partially very high grade historic gold
mineralization.
About Platinex Inc.
Platinex is a well financed Toronto based exploration company.
Platinex has recently revealed strong evidence of a major gold
bearing zone on its Shining Tree property as evidenced by very high
gold content of soil samples along a nine km long corridor.
Platinex is also exploring the Herrick gold deposit with 63 holes
drilled to date returning good gold values. Platinex's management
team has been leaders in the exploration and development of
Platinum Group Elements (PGE's) in North America for 24 years.
Shares of Platinex are listed for trading on the TSX Venture
Exchange under the symbol "PTX".
For the purpose of this release James R. Trusler, P.Eng is
considered the qualified person.
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.
Contacts: Platinex Inc. James R. Trusler President and CEO (905)
258-0517 jtrusler@platinex.com www.platinex.com Investor Cubed Inc.
Alan Huycke (647) 258-3311 or (888) 258-3323 (416) 363-7977 (FAX)
ahuycke@investor3.ca
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