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Platina Resources in trading halt ahead of drill results from Blue Moon Project

Blue Moon hosts a high-grade zinc-copper-gold deposit with significant resource expansion potential.

Platina Resources Ltd - Platina Resources in trading halt ahead of Blue Moon Zinc-Copper-Gold Project assay results
Shares in the company last traded at 2.1 cents before being halted

Platina Resources Ltd (ASX:PGM) has been granted a trading halt pending the release of assay results from drilling at the Blue Moon Zinc-Copper-Gold Project in California, US.

The trading halt will remain in place until Friday, January 24 or when an announcement is made to market – whichever occurs earliest.

Massive sulphides recently intersected

The company recently intersected massive and semi-massive sulphide mineralisation from its second drill hole at Blue Moon.

Hole BMZ80 was drilled to a total depth of 572 metres and intersected 30 metres of mineralisation from 385 metres with variable concentration of visible zinc and copper.

The mineralisation density varies along the width of the intersection.

Blue Moon is 70% owned by Platina, which also has a portfolio of projects in Australia including the Owendale Scandium Project in New South Wales.

Quick facts: Platina Resources Ltd

Price: 0.044 AUD

ASX:PGM
Market: ASX
Market Cap: $17.32 m
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