Xanadu Gold Project.
Located in Western Australia’s well known Ashburton Basin, Xanadu lies in close proximity to the multi-million ounce Mt Olympus gold deposit.
The project comprises seven prospecting licences and six exploration licences covering 554km². The project has been the subject of a number of mainly shallow drilling programs and a historical gold heap leach operation. The project has immense appeal given the number and width of economic grade gold drill intercepts which have never been followed up with a systematic exploration campaign.
Platina has well developed drill targets at Xanadu following its extensive exploration effort, including mapping, sampling, drilling and geophysics.
The maiden reverse circulation (RC) drilling program at Xanadu of 2,214m demonstrated the presence of gold mineralisation at depth and up to 900m on strike from untested ground immediately to the west of the historic Amphitheatre open pit anomaly.
The program was widely spaced covering over 4km within the 10km mineralised and altered corridor.
Platina conducted a maiden 2,250m reverse circulation (RC) drilling program at its Xanadu Gold Project Hermes prospect. The drilling program follows a historical data review and rock chip sampling programs at Hermes, which shares a similar mineralisation style and is situated on the same fault structure that hosts the nearby 1.4 Moz Mt Olympus gold deposit.
Xanadu is located in Western Australia’s prolific Ashburton Basin, 7km west of the Mt Olympus Gold Project which has past production of 350,000 Oz Au and resources of 1.65Moz Au for a combined 2Moz gold endowment.
Other gold centres in the region include the Paulsens Project and the 2.1Moz Au Karlawinda Project. The project flanks the Pilbara Craton where gold projects have seen a renewed evaluation following the world class Hemi gold discovery by De Grey Mining. The Xanadu Gold Project is located 38km to the southeast of Paraburdoo and 95km to the south of Tom Price. These towns are serviced by daily flights from Perth, and the region offers excellent infrastructure and services to support mining and project development.
At Xanadu, a large alteration system with gold occurrences has been identified by past work which outlines a high potential for discovery of a significant gold mineralising system within the project. Gold mineralisation is hosted in the reactive Duck Creek Dolomite, with pyrite –sericite-silica alteration associated in areas of folding and brittle faulting. There is little or no quartz veining in the system. The target is the Telfer and Hemi styles of intrusion related gold mineralisation, and also, the sediment hosted Carlin type, Nevada USA.
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