Anybody now the skinny on these guys?????? Big Trout Property?
Platinex and Ontario Mediate Over Big Trout Lake Property
TORONTO, ONTARIO--(Marketwire - Sept. 21, 2009) - Platinex Inc. (TSX VENTURE:PTX), a Canadian exploration company, announced today that it is entering into mediation with Ontario to discuss possible options to resolve ongoing litigation between the parties. Mediation discussions will commence on September 21, 2009.
TORONTO, ONTARIOPlatinex and Ontario Mediate Over Big Trout Lake Property--(Marketwire - Aug. 10, 2009) - Platinex Inc. (TSX VENTURE:PTX), a Canadian exploration company, announced today that a Pending Proceedings Order has been recorded on all of Platinex's claims in the James Bay lowlands commonly referred to as the "Ring of Fire". The order is effective May 14, 2008 and will provide relief from the requirement to file assessment for approximately 23 months after a legal claim against Ontario respecting the Big Trout Property is resolved. In May 2008 Platinex had recorded 696 claim units (11,267 hectares) on the highly prospective Ring of Fire Intrusion and an additional 609 claim unit (9,760 hectares) on a related ultramafic intrusion.
"Platinex is very excited with its strategic involvement in the Ring of Fire and is very happy that all its claims in the area are now well protected." stated James R. Trusler, President and CEO of Platinex. "The order will enable Platinex to execute its exploration effectively and efficiently."
The application for the Pending Proceedings Order was filed due to the failure of the Ontario Government to resolve access issues on Platinex's Big Trout Lake property with the KI First Nation and the difficulty this has caused Platinex in carrying out its exploration on other properties.
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Thanks in advance.
Cheers.
B.
