Platina Resources Limited (ASX: PGM) will accelerate a major soil sampling and aircore drilling programme at the Challa Gold Project in Western Australia this month after a testing programme during October returned encouraging results.
The programme, which consisted of six orientation rock chip and 16 soil samples, revealed a broad zone of low-level gold anomalism in the transported soils surrounding the mineralised outcropping veins.
The company said this is expected to help it target structures beneath the shallow transported cover across most of the tenement package.
Two rock chip samples around veins systems known to be mineralised returned grades of 1.62 grams/tonne (g/t) and 5.89 g/t. A halo of low-level soil anomalism, up to one parts per billion (ppb), surrounded the outcropping veins. Similar gold anomalism was detected elsewhere in the tenements over aeromagnetic anomalies.
Managing Director Corey Nolan said the proof of concept programme had served to define a cost effective solution to target deeper mineralisation within the tenements.
Platina will now fast track a tenement wide reconnaissance field soil and aircore geochemistry programme to test interpreted structural and aeromagnetic targets,” Mr Nolan said.
“We hope to define primary targets for a future reverse circulation drilling programme and we’re looking forward to getting started before the end of the month ahead of the cyclone season.”
The Challa tenements, E58/552 and E58/553, cover 293 sq. kmand are located in-between the prolific Mt Magnet and Sandstone gold districts in Western Australia, 500km north-east of Perth.
The Sandstone province has produced over 1.3 million ounces of gold from numerous underground and open pit mining operations, while Mt Magnet produced over six million ounces since discovery in 1891. Nearby, the Youanmi Gold Mine produced 670,000 ounces of gold throughout its lifetime, and is currently the focus of new resource drilling of high-grade gold lodes.
https://platinaresources.com.au/
