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 five exploration licences covering 498km². The project has been the subject of a number of mainly shallow drilling programs and a historical gold heap leach operation. Platina’s exploration strategy will initially comprise low-cost geophysics and geochemistry to build a deeper knowledge of the geological potential of the project and to define both shallow and deeper targets for drilling.
The recent Induced Polarisation survey covered a series of gold occurrences along a 7km target zone of the Duck Creek Dolomite where it is affected by the Nanjilgardy fault zone and its splays. The program comprised gradient array IP surveying at 100m line spacing over the entire area and two areas of dipole-dipole IP surveying around the historic Amphitheatre open pit. The survey area is located in the north-west of the tenement package.
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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