Jubilee Gold Project.
Platina Resources Limited has applied for an exploration licence (E51/2114) for the Jubilee Gold Project, 15km east of Meekatharra in the Murchison Province.
Located within the prolific gold producing Yilgarn Craton, the exploration licence application covers 156km2 over 51 blocks in close proximity to Westgold Resources’ (ASX:WGX) Meekatharra Gold Operation, which incorporates the 1.8 million tonnes per annum Bluebird gold processing hub covering the Paddy’s Flat, Yaloginda, Nannine and Reedy’s open-pit and underground mining centres. Paddy’s Flat is a large, historic gold field which has produced in excess of 1.5 million ounces.
Great Boulder reported drilling intersected very high-grade and large widths of gold mineralisation at the Mulga Bill prospect, which is over 6km in strike length and hosts a mineralised system open to the north, south and to depth.
Mulga Bill’s high-grade mineralisation is parallel to the eastern limb of the Polelle Syncline. Regional magnetics indicate a similar favourable structural setting at Jubilee with several northsouth and east-west trending structures.
There appears to have been limited historical exploration over the Jubilee tenement which is interpreted to have a shallow level of transported cover.
The Jubilee Gold Project is in a prime mining location with Platina’s application (EL 51/2114) covering 156 square kilometres in the Yilgarn Craton, which is in close proximity to the Meekatharra gold project.
The project adjoins Great Boulder Resources’ (ASX:GBR) Side Well project which hosts the high-grade Mulga Bill prospect. Recent drilling has intersected very high-grade gold.
Magnetic interpretation indicates favourable structural settings which could potentially host gold mineralisation. There is very little modern exploration with historic prospector activity improving the probability of mineralisation being present.
Level 2, Suite 9
389 Oxford Street
Mt Hawthorn WA 6016
+61 8 9380 6789