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Platina Resources Limited ( (AU:PGM) ) just unveiled an update.
Platina Resources has reported encouraging results from a maiden 6,056-metre aircore drilling program at its Mt McKenna Gold Project in Western Australia, defining multiple mineralised trends including a coherent 1.5km gold-bearing structure and a separate 250m arsenic anomaly associated with anomalous gold values. The program, which targeted mineralisation concealed beneath shallow cover, returned several gold intercepts that largely end in mineralisation, indicating the potential for significant extensions at depth and prompting plans for follow-up reverse circulation drilling, while simultaneous exploration and heritage clearances at additional targets aim to build a pipeline of prospects and strengthen the company’s position in the Laverton gold district.
The most recent analyst rating on (AU:PGM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Platina Resources Limited stock, see the AU:PGM Stock Forecast page.
More about Platina Resources Limited
Platina Resources Limited is an Australian exploration company listed on the ASX that focuses on identifying and advancing gold and other mineral projects, with current activity centred on the Mt McKenna Project in Western Australia’s Laverton region.
YTD Price Performance: -16.28%
Average Trading Volume: 852,603
Technical Sentiment Signal: Buy
Current Market Cap: A$23.22M
Find detailed analytics on PGM stock on TipRanks’ Stock Analysis page.