Platina (ASX:PGM) eyes major exploration at Beete and Brimstone gold projects

Highlights:

• Platina Resources (ASX:PGM) is gearing up to commence a major exploration campaign at its Beete and Brimstone gold tenements.
• The company is set to commence soil sampling at the Beete project.
• On the other hand, a drilling program is planned for the Brimstone project.

Platina Resources Limited (ASX:PGM), an ASX-listed Australia-based company, has set its sights on major exploration across its recently acquired Western Australian gold projects, Beete and Brimstone.  

Prioritising the Beete project, the company has planned a low-cost and low-impact soil orientation survey to help define target areas (including Au, Ni, Li and REE) for follow-up drilling. The company expects the program to complete in 10 days, with the assay results expected in the month of February.

In addition, the company plans to drill the Brimstone project area, which lies 40 kilometre northeast of Kalgoorlie. The drilling campaign is subject to the finalisation of permitting and logistics. The project holds close proximity to the Penny Find gold deposit and the Kanowna Belle gold mine.

Beete project in a strategic location

The project covers an area of 134km² and is located 50km southwest of the Norseman Mining Centre. It is believed to be a possible extension of a prolific gold-producing region: the Norseman greenstone belt.

The company finds Beete potential pretty promising, based on its strategic location between the Norseman Mining Centre and Aruma Resources’ Salmon Gums project.

(Image source: PGM update, 16 January 2023)

The area hasn’t been systematically explored in the past. Platina believes in the mineral prospectivity of the region as the projects of several peer companies located south of Beete have recently reported promising high-grade gold intersections and rare earth assays.

Platina is on the verge of finalising a cultural heritage agreement entailing the northern extent of the tenement with the Ngadjus. Along with this, the company has also submitted a Program of Works (POW) application with the Department of Mines, Industry, Regulation and Safety (DMIRS).

This is what Platina Managing Director Corey Nolan has to say

Brimstone drilling to target Garibaldi and Jammie Dodger prospects

At Brimstone, the interpretation of geological structures showed it covering up to 10 kilometres of mineralisation strike length on highly potential greenstone rocks. 

The main drill targets of the Brimstone drilling include:

• Garibaldi prospect: containing a historical drill intersection of 55 metres @ 2.07 g/t gold.
• Jammie Dodger prospect: containing a historical drill intersection of 22 metres @ 1.96g/t gold.

On the Garibaldi front, for M27/501, Platina has received heritage survey clearances and the approval of a Program of Works. Additionally, the company is in discussions with the cultural heritage groups to secure drilling clearances for other prospects. The company intends to launch a comprehensive multi-prospect drilling program in early February.

The company expects to develop and implement work programs across other projects later in 2023.  

Share price action: PGM shares last traded at AU$0.018 on 13 January 2023, and its market capitalisation stood at AU$11.21 million.