Platina Resources Limited Identifies New Gold Exploration Target at the Xanadu Project, Western Australia
is situated on the same fault structure that hosts the 1.4 Moz Mt Olympus gold deposit, 10kms to Hermes' northwest. Hermes has a 570m strike length and is 350m in width. Sipa Resources collected 11 gold rock chip samples with three returning over 0.5 g/t (up to 1.96 g/t), two between 0.1 - 0.5 g/t and six samples less than 0.1 g/t. A recent Platina field visit confirmed widespread outcropping gold mineralisation. Out of nine rock chip samples collected, three returned with gold greater than 0.26g/t and a maximum of 0.82g/t. Elevated arsenic and copper values were observed in assays which corelates with the Mt Olympus style of mineralisation. In addition to a follow-up diamond drilling at Xanadu West, where several drill targets have been
identified, a field mapping program, cultural heritage survey and reverse circulation drilling program are now planned for the Hermes prospect area.