#challaproject

Platina Resources Limited (ASX:PGM) is gearing up for an active June with follow-up aircore drilling programs set to commence at its Challa and Beete Gold Projects in Western Australia.

ASX:PGM is trading at $0.019.

Drill-Ready: Challa & Beete Exploration Campaign

⛏️ Challa: 14-hole (1,690m) aircore program targeting extensions of greenfield hit — 12m @ 0.66g/t Au from 100m, incl. 4m @ 1.7g/t Au

📍 Focus on NW-trending splay of the craton-scale Challa Shear

⛏️ Beete: 39-hole (1,536m) program following up on anomalous Au-As zones identified in Phase 1

Xanadu Update: Oxide Focus After Deep Hole Miss

🧪 Government-funded Cleopatra diamond hole (380m) didn’t intersect deeper target

🌕 Shallow zone returned 16.1m @ 0.2g/t Au from 202m — suggesting deeper potential further south

📈 Large 10km+ oxide blanket at Xanadu West remains a key focus, with potential for future gold resource growth

Management Insight:

Corey Nolan, Managing Director: “Our aircore drilling is targeting compelling anomalies from earlier campaigns, while Xanadu’s shallow oxide system remains highly prospective and worthy of further investigation.”

Why This Matters:

With multi-project drilling underway and untapped oxide gold potential, Platina is positioning itself for a pivotal year of gold exploration across tier-one WA terrains.

✨ Multi-project momentum. Proven anomalies. Oxide gold opportunity unfolding.

⚠️ This is not investment advice. Please do your own research before making any investment decisions.

Read More - https://colitco.com/platina-drilling-across-western-australia-project/

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/