📢 PLATINA RESOURCES (ASX: PGM) – QUARTERLY ACTIVITIES REPORT: DRILLING MILESTONES, NEW GOLD ZONES, AND STRATEGIC PROGRESS
Platina Resources Limited (ASX: PGM) has reported significant progress across its Western Australian gold portfolio, achieving several key exploration milestones.
At the flagship Xanadu Deeps project, diamond drilling targeting deeper sulphide systems beneath historical oxide zones has been successfully completed. The program was supported by a 💰 $54,750 Exploration Incentive Scheme (EIS) grant, reflecting government confidence in the project's potential. Assay results are expected by May 2025.
Meanwhile, early-stage drilling at the Challa Project ✨ has uncovered new mineralised zones, with headline intercepts of 12m @ 0.66g/t Au, including 4m @ 1.7g/t Au, expanding the potential for a +17km-long mineralised gold corridor. Further low-cost aircore and slimline RC drilling campaigns are being planned at Challa and the nearby Beete prospect.
Strategically, Platina is advancing opportunities at its Brimstone Gold Project 🔥, located near the high-profile Penny’s Find deposit in the Eastern Goldfields. Discussions are progressing to unlock potential joint venture arrangements, supporting the Company’s disciplined approach to value creation.
🛠️ Key Exploration Activities:
Completion of diamond drilling at Xanadu Deeps; assays pending
Ongoing and planned drilling at Challa and Beete to build scale
Active exploration targeting +1Moz gold discoveries
Advancement of JV discussions to unlock Brimstone’s potential
🏅 Project and Financial Highlights:
Multi-project portfolio focused on discovery and growth
Strong balance sheet with $11.77M in cash and investments
EIS grant support underpins exploration quality at Xanadu
Continued momentum supported by positive gold market conditions
📈 Investor’s Outlook:
Platina Resources (ASX: PGM) last traded at A$0.021. With a strong cash position, extensive exploration activity, and assays due soon, the Company is well-positioned to capitalise on a rising gold price environment, with gold currently trading above US$2,300/oz ✨. As market sentiment improves toward quality junior explorers, Platina's underpinned valuation and advancing project pipeline present a compelling investment opportunity.
🔗 Read the full announcement - https://colitco.com/platina-resources-exploration-success-in-the-march2025/
⚠️ This is not investment advice. Please conduct your own research before making any investment decisions.
