PGM.ASX: Mt McKenna Gold Project - New Gold Zones Discovered

Mt McKenna Gold Project - New Gold Zones Discovered

Stock	Platina Resources Ltd (PGM.ASX)
Release Time	29 Jun 2026, 8:21 a.m.
Price Sensitive	Yes

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Platina Resources Discovers New Gold Zones at Mt McKenna

Key Points

New gold zones identified at Granite Well East and Black Rock prospects
Significant gold mineralization found at or near bottom of several holes
Association of gold mineralization with strong arsenic anomalism
Company awarded $109,200 grant for further exploration
Follow-up RC drilling planned to test deeper extensions

Full Summary

Platina Resources Limited (ASX: PGM) has completed 10,809m of aircore drilling across two exploration phases at the Mt McKenna Gold Project in Western Australia's Laverton Gold District. Key drill results from Targets 2, 4, and 5 include significant gold intersections, with mineralization found at or near the bottom of several holes, indicating potential for deeper discoveries. The company also received a $109,200 grant from the Western Australian Government's Co-funded Exploration Drilling Program to support a 13-hole reverse circulation drilling program at Target 2. Follow-up aircore drilling is planned to further define the extent and continuity of the mineralized system.

Outlook

The company plans to conduct follow-up reverse circulation drilling to test deeper extensions of the mineralized structures identified through aircore drilling and gravity surveys.