Platina Resources (ASX:PGM) to Launch Follow-Up Drilling at Gold Projects in June

May 30, 2025 11:25 AM AEST | By Sonal Goyal

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Platina Resources (ASX:PGM) to Launch Follow-Up Drilling at Gold Projects in June — Image source: Company update

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Highlights

Platina Resources will commence follow-up aircore drilling at its Challa and Beete gold projects in June 2025.

The programs aim to follow up on encouraging gold intersections and anomalies identified in previous drilling campaigns.

The drilling program will include 14 holes over 1,690 metres at the Challa project and 39 holes covering 1,536 metres at the Beete project.

A shallower drilling program is also planned at the Xanadu Project in the Ashburton Basin.

A government-funded diamond hole at Cleopatra South in February 2025 returned 16.1m at 0.2g/t gold from 202m.

Platina Resources Limited (ASX:PGM) is set to commence a series of follow-up aircore drilling programs in June at its Challa and Beete gold projects in Western Australia, following encouraging results from previous exploration campaigns. The company also plans to undertake shallower oxide drilling at its Xanadu Project in the Ashburton Basin, Western Australia.

Follow-up Aircore Drilling Campaign Details

At the Challa Project, the company will drill 14 aircore holes covering 1,690m. The campaign aims to test the strike extension of the first greenfield gold intersection from hole CHAC0155, which returned 12m at 0.66g/t gold from 100m, including 4m at 1.7g/t gold.

Meanwhile, at the Beete Project, 39 aircore holes spanning 1,536m are planned. The drilling will target zones that previously returned anomalous gold and arsenic results in phase 1 drilling, with the goal of identifying more prominent and extensive mineralised zones.

Gold Potential at Xanadu West

In February 2025, the company completed a government-funded, 380m deep diamond hole at the Cleopatra South Prospect, which was designed to test an aero-electromagnetic anomaly. While the hole did not intersect mineralisation in the deeper geophysical target, it returned a shallow intercept of 16.1m at 0.2g/t gold from 202m, indicating that a substantial mineralised target may lie deeper and further to the south.

At Xanadu West, an extensive zone of oxide gold mineralisation extends more than 10Km and encompasses the site of previous mining and heap leach operations at the Amphitheatre deposit. The area is considered prospective for gold, with further exploration required to better understand the geological controls influencing deeper mineralisation.

PGM shares were trading at AU$0.02 per share at the time of writing on 30 May 2025.

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