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Highlights
- The next phase of RC drilling at the Xanadu Project has commenced.
- The drilling campaign will cover around 2,900m over 13 holes in Xanadu’s western tenements.
- The program is aimed at better defining the structures that host mineralisation within the system.
- Follow up diamond drilling is planned.
Platina Resources Limited (ASX: PGM) has started the next phase of reverse circulation (RC) drilling at the Xanadu Gold Project, Western Australia. The drilling program will include 13 holes covering approximately 2,900m.
The drilling in the western tenements of Xanadu (Xanadu West) would aim at assessing the Amphitheatre West extension, the Claudius prospect, and areas of strong arsenic in rock chip anomalies at Pompeii. Moreover, three RC holes would form pre-collars for follow-up diamond drilling of the geophysical targets at Caesar and Cleopatra.
Corey Nolan, Managing Director of PGM, highlighted that the drilling campaign aims at better defining the structures that host mineralisation within the system.
The project lies along the Nanjilgardy fault system that hosts nearby Mt Olympus gold deposit, containing a JORC Mineral resource of 1.44 million ounces.
PGM shares traded at AU$0.018 apiece at the time of writing on 19 February 2024.
