New gold project in the world-class Laverton gold district
| Stock | Platina Resources Ltd (PGM.ASX) |
|---|---|
| Release Time | 3 Sep 2025, 9:18 a.m. |
| Price Sensitive | Yes |
Platina Resources acquires new gold project in Laverton district
- New Mt McKenna Project in prime geological setting with potential for multi-million-ounce deposits
- Recent high-grade gold rock chip samples and gold nugget finds indicate significant exploration upside
- Project is close to major mines, deposits, and infrastructure in the Laverton region
Platina Resources Limited is acquiring a 100% interest in the Mt McKenna Gold Project located 13km east of Laverton in Western Australia's Eastern Goldfields. The project is situated in a prime geological setting, with a contact zone between greenstones and a syenitic intrusion traversed by major regional faults, which are conducive to hosting multi-million-ounce gold deposits. Recent rock chip sampling has returned high-grade gold results of up to 248g/t, 21g/t and 5g/t, and gold nuggets have also been found in the area. The project is in close proximity to major mines and deposits such as Genesis Minerals' Laverton Project (3.9Moz) and the Granny Smith Mine (3.9Moz). Historical shallow drilling has returned intercepts of up to 16m at 1.05g/t and 15m at 0.87g/t, but the majority of the prospective syenite-mafic contact remains untested. Platina plans to undertake a comprehensive exploration campaign, including soil and rock chip sampling, gravity surveys, and drilling, to unlock the project's significant untested potential.
Platina is acquiring the Mt McKenna project to advance it through exploration, with the goal of drilling to generate shareholder value. The company believes the project has significant untested potential based on its prospective geology and encouraging early-stage exploration results.