Platina Resources (ASX: PGM) — Going for Gold in Western Australia
PLATINA RESOURCES LTD (ASX: PGM) is a gold-focused explorer targeting world-class reserves in Western Australia. Recently, the company has disclosed its portfolio of ongoing and planned exploration projects across Western Australia. Its portfolio includes the Challa Gold Project, Xanadu Gold Project, Jubilee Project, Mt. Narryer Project, Brimstone Project, Beete Project, Binti Binti Project, and flagship Platina Scandium Project.
Platina Resources snowballs its presence in Western Australia
PLATINA RESOURCES LIMITED is seeking to expand the size of its portfolio of gold exploration assets in Western Australia. The company already has a 100% stake in multiple gold projects at various stages of exploration and is looking to invest another million dollars to fund exploration activities in Western Australia.
Platina’s MANAGING DIRECTOR COREY NOLAN said, “The Yilgarn Craton of Western Australia has been a prodigious gold-producing province since the 19th century and home to many successful mining operations,”.
Here’s an outline of the projects of PLATINA RESOURCES throughout the last quarter.
Brimstone Project
The 70-square-kilometre Brimstone Gold Project lies 40 kilometres northeast of Kalgoorlie. Brimstone is an advanced-stage exploration property with tremendous potential, given the previously drilled vast widths and high-grade gold mineralisation.
At Brimstone, Platina resources have made an expenditure of ~AUD5 MILLION to drill over 964 holes with 51,638 meterage. The company already has six walk-up gold drill targets for the project: Garibaldi, Old Camp, Eastern Workings, 5 Bob, Jammie Dodger, and Lapage VHMS. Historical work in the area has never been followed-up by systematic exploration campaigns, opening doors for Platina resources.
Xanadu Gold Project
The Xanadu Gold Project is located near Mt Olympus Gold deposits in the Ashburton Basin, WA. The project comprises five exploration licenses and seven prospecting licenses covering 498km². Numerous shallow drilling programs have been conducted on the project historically. Platina’s strategy was to start with a cost-effective exploration method to develop geological understanding and drilling targets. PHASE 2 DRILLING PROGRAMS ARE SCHEDULED FOR EARLY 2023.
Beete Project
The 139 square kilometre Beete Exploration Licence lies 50 kilometres south of Norseman. Beete is a potential extension of the Norseman Greenstone Belt, which historically produced ~5.5 Moz of gold. This is situated in a historical mining zone with several small, high-grade gold mines. The gold potential is highlighted by recent discoveries made to the south by Aruma Resources and Meeka Metals. Besides gold, Beete also has great potential for lithium exploration.
