Platina’s Laverton Gold Bet Hinges on Success of Mt McKenna Exploration
Platina Resources has acquired the Mt McKenna Gold Project in Western Australia’s Laverton district, backed by a robust A$11 million budget to advance exploration. Early results and strategic location near world-class deposits position the project as a promising growth catalyst.
- Acquisition of Mt McKenna Gold Project in Laverton, WA
- A$11 million funding secured for aggressive drilling programs
- Early-stage exploration shows high-grade gold rock chips and promising drilling intercepts
- Project benefits from proximity to major gold mines and established infrastructure
- Exploration plan includes ground gravity surveys, soil sampling, and reverse circulation drilling
Strategic Acquisition in a World-Class Gold District
Platina Resources has announced the acquisition of the Mt McKenna Gold Project, located just 13 kilometres east of Laverton in Western Australia’s renowned gold-producing district. This move places the company firmly within the Eastern Goldfields, a region celebrated for its multi-million-ounce gold deposits and complex geological structures conducive to significant mineralisation.
The Laverton district hosts several world-class gold mines, including Wallaby, Sunrise Dam, and Granny Smith, collectively boasting mineral resources in the multi-million-ounce range. Platina’s new project sits adjacent to these prolific operations, offering access to established mining infrastructure such as roads, power, and processing plants within a 50-kilometre radius.
Geological Prospectivity and Early Exploration Highlights
The Mt McKenna tenement covers 174 square kilometres and features a geologically attractive contact zone between greenstone belts and syenitic intrusions. This zone is intersected by major regional faults, which are known conduits for gold mineralisation. Early-stage exploration has yielded encouraging results, including high-grade gold rock chip samples with assays up to 248 grams per tonne and shallow drilling intercepts such as 16 metres at 1.05 grams per tonne gold.
Historical exploration has been limited and mostly shallow, leaving significant portions of the project, particularly along the Granite Well fault system and the syenite-mafic contact, underexplored. Platina’s team sees this as a substantial opportunity to uncover new gold deposits by applying modern exploration techniques.
Robust Funding and Aggressive Exploration Program
Platina has secured A$11 million to fund an aggressive exploration campaign designed to unlock the project’s potential. Planned activities include ground gravity surveys, reinterpretation of seismic data, infill soil sampling, detailed mapping, and both aircore and reverse circulation drilling. The company aims to systematically test over 20 kilometres of strike along the greenstone belt and fault structures.
Importantly, the project is located within the Nyalpa Pirniku Native Title area, and a Native Title Agreement has been signed, ensuring compliance and community engagement as exploration advances.
Looking Ahead
With a near drill-ready project and a clear strategy to generate shareholder value through discovery, Platina Resources is positioning itself to leverage the Mt McKenna Gold Project’s significant upside. The combination of geological prospectivity, early positive results, and strong financial backing sets the stage for potentially transformative exploration outcomes in the coming months.
Bottom Line?
Platina’s Mt McKenna acquisition could redefine its growth trajectory if exploration confirms the district’s famed gold potential.
Questions in the middle?
- Will upcoming drilling confirm the high-grade gold potential indicated by early rock chip samples?
- How might Platina’s exploration results impact its resource estimates and market valuation?
- What are the timelines and milestones for the planned exploration program execution?
