Phase 3 aircore drilling begins at Mt McKenna Gold Project

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Stock Platina Resources Ltd (PGM.ASX)
Release Time 30 Mar 2026, 8:20 a.m.
Price Sensitive Yes
 Phase 3 aircore drilling begins at Mt McKenna Gold Project
Key Points
  • Platina Resources commences Phase 3 aircore drilling program at Mt McKenna Gold Project
  • Drilling targets structures and anomalies identified through mapping, geophysics, and gravity surveys
  • Program includes 9,000 metres of aircore drilling across high-priority Targets 2, 3, 4 and 5
Full Summary

Platina Resources Limited has commenced a Phase 3 aircore drilling program at its Mt McKenna Gold Project in Western Australia. The program comprises up to 9,000 metres of drilling, targeting structures and anomalies identified through geological mapping, geophysical interpretation, and ground gravity surveys. This program represents a significant component of the company's planned 20,000 metres of aircore and reverse circulation (RC) drilling for 2026 across its Mt McKenna, Sunrise Bore and Mt Morgans South projects, all located within the highly prospective Laverton Gold District. The current program also includes approximately 3,000 metres of drilling at Target 2, which was deferred during the Phase 2 campaign in February due to ground conditions and drill rig mechanical issues. Assay results from the completed Target 2 drilling have been submitted to the laboratory and are currently pending. Platina's Managing Director, Corey Nolan, stated that the company's technical team are particularly encouraged by the scale and number of newly identified structures across Targets 3, 4 and 5, which will now be systematically tested through this program. Targets defined from this phase of aircore drilling will be prioritised for follow-up with deeper reverse circulation drilling in the coming months.

Outlook

Platina Resources plans to continue its extensive exploration program at the Mt McKenna Gold Project, with this Phase 3 aircore drilling representing a significant component of the company's 20,000 metres of planned aircore and reverse circulation drilling across its Western Australian gold projects in 2026.