Platina Resources Identifies Multiple Gold Targets

THE DRILL SERGEANT: Platina Resources (ASX: PGM) has confirmed new gold targets at the company’s Beete gold project near Norseman in Western Australia.

Platina Resources conducted an aircore drilling program over 202 holes, which it said has confirmed the presence of a greenstone belt across the tenure, which was previously interpreted to be the Albany Frazer Orogeny.

The company flagged further investigation to be carried out along this belt, which it believes could host high-grade gold deposits like the Norseman mineralisation trend to the north.

Along with the greenstone identification and NE-SW potential 4km Beete Mine Trend, the drilling also indicated the presence of a major 16km long N-S shear zone.

This shear zone starts from the north of the tenure and traverses through the historical Beete Mine.

“The maiden wide-spaced scoping drill program achieved its objective to identify and focus on specific target areas,” Platina Resources managing director Corey Nolan said in the company’s ASX announcement.

“The drilling achieved an average depth of only 30 metres, hence infill drilling is required to achieve better resolution of these anomalous zones.

“The drilling was spaced 320m between holes and 640m between lines, this spacing in the anomalous zones can fit a Scotia mine.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE