#ExplorationIncentiveScheme

[colitcomediasblog]

🌟 Platina Resources Secures Major Grant for Xanadu Gold Project! 🌟

🚀 Exciting Milestone for Platina Resources (ASX: PGM)

Platina Resources has secured a $54,750 government grant to accelerate exploration at its flagship Xanadu Gold Project in Western Australia! 💰💎 This grant under the Exploration Incentive Scheme (EIS) will fund up to 50% of direct drilling costs at the Cleopatra South Prospect. 🏆

🔍 Key Highlights:

🛠️ Targeted Drilling Campaign

Focus on 800m-long arsenic trend at Cleopatra South.

Drilling depth: Up to 380m to uncover the gold source.

Start Date: December 2024 (weather and rig availability permitting). 🏗️

Strategic Location: Adjacent to Kalamazoo Resources’ 1.44M oz Mt Olympus deposit. 🌍

💡 Exploration Strategy

Platina is targeting the 10km mineralised corridor for deeper sulphide potential.

Prior work has already revealed widespread gold oxide mineralisation. 🏅

🔒 Project Potential

The Xanadu Gold Project is positioned along the 470km Nanjilgardy Fault Zone, with substantial exploration opportunities in a gold-rich region. 💎

🎯 Future Growth Drivers

Diamond drilling set for 4QCY24 at Xanadu.

Geophysics and air-core drilling at Beete Gold Project in 1QCY25.

The gold market is booming, providing a favorable environment for Platina’s exploration efforts. 📈

💼 Strong Financial Position

Cash reserves of A$12.695M.

Zero debt and robust market standing with an A$11.84M market cap. 💵

🔗 Stay tuned for more updates! Platina is primed to unlock the full potential of its projects and create exciting opportunities for investors. 🚀