Platina Resources Advances Exploration at Mt McKenna Gold Project


 

Platina Resources Limited (ASX: PGM), the Australian gold-exploration company, has announced significant progress at its 100 %-owned Mt McKenna Gold Project in Western Australia’s Laverton district.

Project background

Located approximately 13 km east of Laverton, the project spans about 174 km² and lies within the highly prospective Eastern Goldfields region of the Yilgarn Craton — an area host to major gold deposits such as those of Genesis Minerals Limited.

Initial findings and target identification

Historic drilling at Mt McKenna has yielded results including 16 m at 1.05 g/t Au (including 4 m at 3.41 g/t) and 15 m at 0.87 g/t Au. More recently, rock-chip sampling returned very high gold grades (up to 248 g/t) pointing to the high-grade potential of the area. Platina has now identified five key target zones at Mt McKenna following geological mapping and a ground gravity survey of the northern portion of the tenement.

Strategic advantages

The region’s infrastructure offers logistical benefits: sealed and unsealed roads access the site, and several processing plants are located within ~50 km of the tenement. Platina’s management sees the project as “near-drill-ready” with significant exploration upside, fitting its corporate strategy of discovery rather than incremental development.

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