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Platina Resources plans new soil sampling program at Challa Gold Project

Assaying of 696 soil samples confirms strong correlation to mineralised outcropping veins and the company now plans to conduct new soil sampling at the WA project.

Platina Resources Ltd - Platina Resources plans new soil sampling program at Challa Gold Project
Platina acquired a 100% interest in the Challa Gold Project in June last year.

Platina Resources Limited (ASX:PGM) is moving quickly to conduct a follow-up soil sampling program at its wholly-owned Challa Gold Project in Western Australia.

This comes after initial soil sampling completed last year confirmed a number of highly prospective zones.

Assaying of 696 soil samples confirms a strong correlation to mineralised outcropping veins previously identified in the October reconnaissance program that returned grades of 1.62 g/t and 5.89 g/t gold in rock chip samples.

“Effective and low cost method”

Platina managing director Corey Nolan said the company’s innovative soil sampling program had successfully discriminated anomalous bedrock through the transported cover.

He said: “Historically, Challa has not been systematically explored due to the transported sands and silts which cover a large part of the project area.

“Our new soil sampling has demonstrated soil sampling can be an effective and low-cost method for identifying gold anomalism.

“As a result, we have identified a number of target areas to be followed up with a more comprehensive gridded soil program to pinpoint targets for follow-up drilling.”

Platina has acquired a 100% interest in the Challa Gold Project, which is between the prolific Mt Magnet and Sandstone gold districts in Western Australia and is 500 kilometres northeast of Perth.

The project includes two high-quality exploration licence applications covering 293 square kilometres.

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Platina Resources talks revised focus on Australian gold and drill plans for...

Platina Resources Limited's (ASX:PGM) Corey Nolan speaks to Proactive's Andrew Scott following the completion of a major soil sampling program at its wholly-owned Challa Gold Project in Western Australia. He says the project which was acquired back in June this year is part of a strategy to...

on 3/12/20

2 min read