Platina Resources has announced the commencement of a 2.25km reverse circulation (RC) drilling program at the Hermes prospect of its Xanadu Gold Project, which follows the historical data review and rock chip sampling programs undertaken earlier in 2023.
The drilling program shares a similar mineralisation style and is situated on the same fault structure that hosts the nearby 1.4Moz Mt Olympus gold deposit. Hermes has a 1km strike length and is open in both directions and located centrally within the 565km² Xanadu tenement package.
The bulk of the mineralisation at Hermes occurs in a central corridor which comprises multiple, parallel zones observed in outcrop from 10m up to 20m wide. Multiple parallel sets of these zones form a much broader mineralised corridor which has an overall width of 80m and trends west-northwest over 1km strike.
Platina Managing Director, Corey Nolan, said that the first phase RC drilling program was targeting a 600m core section within this mineralised corridor.
“We’re excited to have started drilling Hermes as geological mapping, rock chip sampling, and geophysics have defined a prominent mineralised structure which previously returned rock chip assays up to 4.22g/t gold,” Mr Nolan said.
“Notably, the orientation of the mineralisation was revealed to be parallel to the west-north-west trending Howie’s Hole fault, located 500m to the north, which also runs in the vicinity of the Mt Olympus and Zeus gold deposits. The mineralised zones were mapped to be closely associated with conglomerate lenses which correlate with the Mt Olympus deposit style of mineralisation.”
Additionally, cultural heritage clearances have also been finalised for the upcoming Xanadu West RC (planned to commence in late 2023) and Xanadu Deeps diamond drilling programs.
