Platina Resources Limited's (ASX: PGM) geophysics program has identified a number of anomalies for drill testing at its 100%-owned Xanadu Gold Project in Western Australia's Ashburton province.

The program included an Induced Polarisation (IP) survey covering a 7km target section of the Xanadu gold trend distinguished by historic gold occurrences drilled within the Duck Creek Dolomite, where it is affected by the Nanjilgardy fault zone and its splays. Platina Managing Director, Mr Corey Nolan, said the company's strong geological data set combined with the new geophysical data served to advance the understanding along the regional 25km strike of the prospective Xanadu trend, much of which is obscured by cover and has seen little or no past exploration.

'Our recent work has contributed to our understanding of the structures and host rocks and enabled the company to confidently identify drill targets with potential for gold - sulphide mineralisation at depth,' Mr Nolan said. 'Xanadu 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. 'Preparatory work for heritage surveying and other statutory requirements to allow drilling have commenced, with drilling planned for early 2022,' he said. The survey comprised gradient array IP at a line spacing of 100m over the entire survey area with dipole-dipole IP lines east of the historic Amphitheatre open pit and follow up of the Big Bend Anomaly.

The IP data has identified a linear zone, defined by the margin of conductive and resistive features, which maps out a 6km strike length target zone. Along this target area several chargeable anomalies, potentially representing sulphide mineral with associated gold mineralisation, have been identified. Follow up dipole - dipole IP surveying has provided more detailed confirmation of the chargeable targets along this linear target. Reprocessing of airborne electromagnetics (AEM) data over the broader project area has also been completed.

This announcement was authorised by Mr Corey Nolan, Managing Director of Platina Resources Limited.

Contact:

Tel: +61 (0)7 5580 9094

Email: admin@platinaresources.com.au

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