Platina Resources Limited (ASX: PGM) has confirmed the presence of multiple new mineralised gold structures at its Brimstone Gold Project near Kalgoorlie in Western Australia after completing a maiden 4,381m aircore drilling program.

Platina Managing Director, Mr Corey Nolan advised, 'We are encouraged by the broad zones of mineralisation from the drilling program. The next step is reverse circulation drilling below the shallow aircore anomalies to potentially identify broader and higher-grade intersections like those seen at the Garibaldi Prospect, 1km to the east or the Penny's Find gold deposit, owned by Horizon Minerals Limited, 2.5km to the south.'

Eight out of 14 aircore holes drilled on the Brandy structure and four out of nine holes drilled at Billabong North intersected mineralisation. The Brandy shear zone is interpreted to be the northern extension of the Penny's Find shear zone, which hosts the Penny's Find gold deposit and drilling on the Brandy structure and Billabong North intersected mineralisation'.

We are very excited with the results from the Brandy Prospect as it replicates similar up dip intercepts from the Penny's Find gold deposit, which becomes a wider mineralised zone at depth. The recent drilling has still not closed off the mineralisation and the 350m shear is expected to extend for up to 800m. 'Further drilling will be required at Old Camp to better define the mineralisation of the interpreted structures from the recent results. Historical drilling at Old Camp has indicated the presence of a strong northwest-southeast trending mineralised structure.' A reverse circulation drill program is being planned for June to test the mineralisation at depth and along strike at Brandy, Garibaldi, Old Camp and Billabong North.

Contact:

Tel: +61 (0)7 5580 9094

ABOUT PLATINA RESOURCES LIMITED (ASX: PGM)

Platina is an Australian-based company focused on advancing early-stage metals projects through exploration, feasibility, and permitting towards development. Shareholder value is created by monetising the projects through either sale, joint venture or development. Platina controls a 100% interest in a portfolio of gold projects in the Yilgarn Craton and Ashburton Basin in Western Australia.

COMPETENT PERSON STATEMENT

The information in this Report that relates to the Brimstone Project exploration results is based on information reviewed and compiled by Mr Rohan Deshpande who is an employee of Platina Resources and Member of the Australian Institute of Geoscientists (AIG). Mr Deshpande has sufficient experience which is relevant to this style of mineralisation and type of deposit under consideration and to the overseeing activities which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves'. Mr Deshpande consents to the inclusion in the report of the matters based on his information in the form and context in which it appears

(C) 2023 Electronic News Publishing, source ENP Newswire