#mtmckenna

Platina Resources is advancing consecutive drilling programs at its Mt McKenna Gold Project near Laverton, Western Australia, as part of a fully funded 2026 exploration campaign targeting multiple high-priority structures within a highly prospective greenstone corridor.

🔑 Key Developments

Phase 2 aircore drilling at Target 2 underway

Phase 1 identified multiple mineralised structures

Exploration across ~20km of greenstone strike

Targets 4 & 5 prioritised near major structural intersections

RC drilling scheduled to commence in April

📍 Why It Matters?

Located in the productive Laverton gold district

Structural setting along the Granite Well Fault

Geophysical signatures comparable to regional gold discoveries

Systematic drilling approach aimed at defining scale potential

📊 Investor Outlook

With a structured multi-target drilling program underway and follow-up RC drilling planned, Platina is entering a catalyst-rich period through 2026. Continued drilling success at Mt McKenna could materially enhance the project’s scale and position the Company for resource definition in a strong gold price environment.

Market Snapshot:

Share Price: $0.031

Market Capitalisation: ~$20.63M

At a modest market capitalisation relative to its exploration footprint and fully funded drill strategy, Platina offers leveraged exposure to new gold discovery potential in Western Australia.

🔗 Read the full ASX announcement for more details: https://colitco.com/platina-resources-mt-mckenna-drilling-colitco/

Platina Resources has strengthened its gold exploration story after identifying a coherent 1.5km mineralised gold structure from its maiden aircore drilling program at the Mt McKenna Gold Project in Western Australia, highlighting strong potential for a larger system at depth within the Laverton Gold District.

🔧 Key Developments – Mt McKenna Gold Project

Coherent 1.5km mineralised gold structure defined

Majority of aircore holes along strike ended in gold mineralisation

Strong arsenic anomaly (up to 1,750 ppm) indicates fertile gold system

Multiple mineralised trends identified under transported cover

RC drilling planned to test depth and down-dip continuity

⛏️ Standout Aircore Results

1m @ 0.64 g/t Au from 33m (EOH – MMKAC058)

11m @ 0.36 g/t Au from 36m (EOH – MMKAC110)

4m @ 0.24 g/t Au from 20m (EOH – MMKAC101)

3m @ 0.27 g/t Au from 24m (EOH – MMKAC102)

4m @ 0.20 g/t Au from 32m (MMKAC072)

📈 Why It Matters

1.5km mineralised structure points to scale potential

Gold mineralisation persists to end-of-hole, suggesting depth upside

Arsenic-rich zones align with known Laverton gold systems

Proven exploration methodology mirrors successful regional discoveries

💬 Corey Nolan, Managing Director:

“The integration of mapping, geophysics and aircore drilling has proven effective in identifying gold-bearing structures at Mt McKenna. This approach will continue across the broader 20km strike of the tenement.”

🧩 Strategic Positioning

Located ~13km east of Laverton in a world-class gold district

Close to Genesis Minerals’ Laverton Project and Gold Fields’ Granny Smith Mine

Expanded Laverton landholding now exceeds 312km²

Fully funded following completion of A$2.15M capital raise

📊 Investor Outlook

Platina Resources last traded at $0.038, valuing the Company at approximately $24.5M. With gold mineralisation confirmed over a coherent 1.5km structure, strong geochemical vectors, and RC drilling planned, Platina offers investors leverage to exploration success in one of Australia’s most prolific gold districts.

🔗 Read more : https://colitco.com/platina-resources-mt-mckenna-gold-structure/

Platina Resources has achieved a major milestone in its Australian gold exploration journey as it successfully concludes drilling operations at the Mt McKenna Gold Project. This development reflects the company’s disciplined exploration strategy and commitment to unlocking long-term shareholder value. The completion of drilling activities signals technical progress while reinforcing confidence in the project’s geological potential.

At the same time, the company has strengthened its financial position through a US$1 million receipt, providing additional working capital to support near-term priorities. This dual achievement highlights the balance between operational execution and prudent financial management, a crucial factor in today’s resource exploration environment.

The Mt McKenna Gold Project, located in Australia, continues to attract attention due to its strategic location and promising geological indicators. With drilling now complete, Platina Resources is well positioned to move into the next phase of exploration and evaluation with enhanced financial flexibility.

Platina Resources has delivered a solid operational and financial update, completing Phase 1 drilling at the Mt McKenna Gold Project in Western Australia while also securing an early US$1M cash receipt, positioning the Company strongly ahead of 2026 exploration.

🔥 Key Exploration Update

6,056m aircore drilling completed

126 drill holes across the Target 2 area

Tested multiple splays off the Granite Well Fault

Located in the highly prospective Laverton gold district

Assay results due January 2026

📈 Why It Matters

Confirms systematic exploration across a 20km gold corridor

Strengthens geological understanding for high-priority targets

Sets up follow-up drilling programs for early 2026

Exposure to gold in a Tier-1 mining jurisdiction

💰 Balance Sheet Boost

US$1M early payment received from Scandium Project sale

Equivalent to ~A$1.5M, previously held in trust

Potential additional US$2M pending mining licence approval or by August 2026

Enhances funding flexibility with minimal dilution risk

🔄 What’s Next

Assay results in January 2026

Ongoing mapping, sampling & gravity surveys

Target generation across the broader Mt McKenna project

Continued portfolio optimisation and capital recycling

📊 Investor Outlook

Platina Resources last traded at $0.039, valuing the Company at approximately $25.15M market capitalisation. With drilling completed, assays pending, a strengthened cash position, and a sharpened gold-focused portfolio, investors will be watching closely as Platina moves into a potentially value-defining 2026 exploration phase.

Read More - https://colitco.com/platina-resources-mt-mckenna-gold-drilling/

Platina Resources (ASX: PGM) has commenced a 7,500m aircore drilling program at the Mt McKenna Gold Project in the heart of the Laverton gold district, Western Australia. Drilling will test four high-priority targets generated from mapping, geochemistry, gravity data and reinterpreted geophysics, all focused along splays of the Granite Well fault, a major regional structure known to host significant gold mineralisation.

Located just 13km east of Laverton and near multiple tier-one deposits, Mt McKenna is positioned within one of Australia’s most productive gold belts. The presence of historical nuggets and structurally prepared zones highlights the project’s strong discovery potential.

💡 Investor Outlook

With a A$0.031 share price and A$16.76M market cap, Platina offers leveraged exposure to a high-impact drill program in a proven gold district. Success at Mt McKenna could rapidly re-rate the company, with multiple untested structural targets providing potential for sustained exploration newsflow and value creation.

📊 Last Price: A$0.031 💰 Market Cap: A$16.76M

Read More - https://colitco.com/platina-aircore-drilling-mt-mckenna/

Across Australia’s vast geological terrains, gravity surveys have become indispensable for mineral explorers aiming to understand what lies beneath the surface without disturbing the landscape. The ability to detect variations in density enables geologists to differentiate between rock types, identify concealed faults, and map structural trends that influence mineralization. When High-Resolution Gravity Surveys Refine Structural Targets, the result is an unmatched ability to pinpoint priority areas that warrant immediate drilling. This efficiency not only reduces exploration risk but also optimizes resource allocation, which is essential in large-scale projects such as Mt McKenna.

At Mt McKenna, the integration of more than 2,000 gravity stations highlights Platina’s commitment to comprehensive and high-quality data collection. Gravity surveys of this scale elevate the resolution of the resulting subsurface model, making it possible to detect even subtle density contrasts within the rock mass. Such precision is crucial in terrains where weathering profiles, sediment cover, or complex layering obscure the geological features of interest. By defining these contrasts with accuracy, Platina has strengthened its exploration framework, enabling geologists to interpret the region’s deep structures with newfound clarity.

This renewed knowledge has already contributed significantly to evolving the geological model of Mt McKenna. Distinguishing potential lithological boundaries and uncovering hidden structural corridors allows Platina to predict zones of mineral enrichment more reliably. As High-Resolution Gravity Surveys Refine Structural Targets, they provide the geological reasoning necessary to navigate complex terrain and identify pathways of mineralizing fluids. These insights lay the groundwork for more informed drilling, which in turn increases the likelihood of discovery and project advancement.