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Platina Resources to Initiate New Drilling Programs in Western Australia

Story Highlights
  • Platina Resources will start aircore drilling at Challa and Beete gold projects.
  • The company focuses on shallower drilling at Xanadu after deeper drilling yielded limited results.
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Platina Resources to Initiate New Drilling Programs in Western Australia

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Platina Resources Limited ( (AU:PGM) ) has provided an announcement.

Platina Resources Limited is set to begin aircore drilling programs at its Challa and Beete gold projects in Western Australia, following promising results from previous campaigns. The company will also focus on shallower oxide drilling at its Xanadu Project after a deeper diamond hole failed to intersect significant mineralization. These initiatives aim to explore and potentially expand the mineralized targets, which could enhance Platina’s operational and market positioning.

More about Platina Resources Limited

Platina Resources Limited is an Australian-based company focusing on advancing early-stage metals projects through exploration, feasibility, and permitting towards development. The company aims to create shareholder value by monetizing projects through sale, joint ventures, or development. Platina holds a 100% interest in a portfolio of gold projects located in the Yilgarn Craton and Ashburton Basin in Western Australia.

Average Trading Volume: 538,702

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$12.46M

See more insights into PGM stock on TipRanks’ Stock Analysis page.

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