Platina Resources (ASX: $PGM) confirms large extension of oxide gold mineralisation at Xanadu Project

Platina Resources Limited (ASX: $PGM) has confirmed a significant extension of oxide gold mineralisation at its Xanadu Project in Western Australia's Ashburton Basin following the completion of its phase two reverse circulation (RC) drilling campaign. A total of 15 RC holes for 2,186m were drilled in Xanadu's western tenements (Xanadu West) to test a defined 8km-long gold mineralised corridor within a regional scale structural setting which hosts the Mt Olympus gold deposit.

Platina Managing Director Corey Nolan's comments on the oxide gold mineralisation extension

The 'extremely encouraging' intercepts confirmed oxide mineralisation extended a further 500m west of the historical Amphitheatre pit and was still open down dip and along strike to the west. Our priority now is to test deeper airborne electromagnetic (AEM) and induced polarisation (IP) targets with up to four holes as soon as a diamond rig becomes available to try and unlock the deeper sulphide potential of the system. Difficult ground conditions had prevented the 'Xanadu Deeps' targets from being tested during this RC campaign.

Summary of Platina Resources' oxide gold mineralisation extension at Xanadu Project

Platina Resources (ASX: $PGM) has confirmed a significant extension of oxide gold mineralisation at its Xanadu Project in Western Australia's Ashburton Basin. The intercepts confirmed oxide mineralisation extended a further 500m west of the historical Amphitheatre pit and was still open down dip and along strike to the west. The company's priority is to test deeper airborne electromagnetic (AEM) and induced polarisation (IP) targets with up to four holes as soon as a diamond rig becomes available to unlock the deeper sulphide potential of the system. Further geological mapping and rock chip sampling are planned, along with a wide-scale soil sampling program on the eastern tenements of the Xanadu project. This announcement was authorised by Mr Corey Nolan, Managing Director of Platina Resources Limited.