Platina launches major Phase 3 drilling at Mt McKenna gold project

Platina Resources Limited ( (AU:PGM) ) just unveiled an update.

Platina Resources Limited has begun a Phase 3 aircore drilling campaign of up to 9,000 metres at its Mt McKenna Gold Project in Western Australia, testing high-priority Targets 2, 3, 4 and 5 identified from geological mapping, geophysics and gravity surveys. The work forms a major part of a planned 20,000-metre drilling push across Mt McKenna, Sunrise Bore and Mt Morgans South during 2026 in the prospective Laverton Gold District.

About 3,000 metres of drilling will now be completed at Target 2 after delays in February due to ground conditions and drill rig mechanical issues, with assays from earlier holes submitted and awaiting laboratory results. Management says the expanded program follows cultural heritage clearances and the identification of numerous new structures, with successful aircore targets to be upgraded for deeper reverse circulation drilling later this year, potentially reshaping the company’s exploration pipeline and future resource definition work.

The most recent analyst rating on (AU:PGM) stock is a Hold with a A$0.02 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 mining exploration company focused on gold projects in Western Australia’s Laverton Gold District. Its key assets include the Mt McKenna, Sunrise Bore and Mt Morgans South projects, where it is advancing a pipeline of drill-ready targets through systematic aircore and reverse circulation drilling programs.

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