Plana Resources Limited (ASX: PGM) will seek to define drill targets at its 100%-owned Xanadu Gold Project in Western Australia's Ashburton province with the company to undertake Induced Polarisaon (IP) and electromagnec (EM) programs.
The company is in the final stages of planning and ancipates the survey work will commence in the next three to four weeks. Located in the tenement's north-west, the company's planned geophysical survey will target a 12km secon of the Duck Creek Dolomite where it is affected by the Nanjilgardy fault zone and its splays. The survey follows the recent collaon of historical project exploraon data into a single robust database which includes a significant volume of historical mapping, surface geochemistry, geophysics and drilling informaon. Plana Managing Director Corey Nolan said the company's strong geological data set would ensure exploraon and drill programs were highly targeted and cost effecve. 'Together with the reprocessing of airborne magnecs data, we are assembling a solid understanding of structures and host rocks.
Importantly, the planned geophysical surveying will help to directly detect the target gold and sulphide mineralisaon at depth for drill tesng,' 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 systemac exploraon campaign,' Mr Nolan said. Mr Nolan said Xanadu secured a large alteraon system hosted within sediments and carbonates prospecve for intrusion related gold mineralisaon such as the Telfer Gold Mine (Newcrest) and the Hemi discovery (De Grey Mining).
He said the project also displayed strong similaries to the Carlin gold deposits in Nevada, USA. 'Whilst we believe there is significant potenal to expand upon the known oxide mineralisaon, the longer term prize is targeng primary mineralisaon within the alteraon core of the system which has never been tested by historical drill programs,' he said
This announcement was authorised by Mr Corey Nolan, Managing Director of Plana Resources Limited.
Contact:
Tel: +61 (0)7 5580 9094
Email: admin@planaresources.com.au
XANADU GOLD PROJECT OVERVIEW
Xanadu is located in the Ashburton province approximately 40km south of Paraburdoo and in close proximity to the mul-million ounce Mt Olympus gold deposit explored by ASX-listed Kalamazoo Resources Limited. Plana controls a ground posion of 562km2 with conguous coverage along a 60km strike length of the Nanjilgardy fault and its splays and the Duck Creek Dolomite stragraphy which is host to gold mineralisaon within the project area
ABOUT PLATINA RESOURCES
Plana is an Australian-based company focused on returning shareholder value by advancing early-stage metals projects through exploraon, feasibility, perming and into development. The company has interests in the following projects: Xanadu Gold Project (100% interest) - located in the Ashburton Basin in Western Australia in close proximity to the Mt Olympus gold project; Challa Gold Project (100% interest) - located in-between the prolific Mt Magnet and Sandstone gold districts in Western Australia, 500km north-east of Perth.
Plana Scandium Project (100%) - located in central New South Wales, the project is one of the largest and highest-grade scandium deposits in the world, which has the potenal to become Australia's first scandium producer with cobalt, planum and nickel credits.
Munni Munni (30% interest) - Situated in the Pilbara region of Western Australia, the project is one of Australia's most significant Planum Group Metal occurrences. Munni Munni also has potenal for conglomerate hosted gold and is a joint venture with Artemis Resources Limited.
Investment in Blue Moon Zinc Corporaon (6 million shares in TSXV listed MOON) - the Blue Moon Zinc Project has a NI43- 101 resource which is open at depth and along strike and has favorable metallurgy.
Investment in Major Precious Metals (49 million shares in CSE listed SIZE) - Major is a Canadian junior mining and exploraon company whose flagship Skaergaard Project hosts one of the world's largest undeveloped gold deposits and one of the largest palladium resources outside of South Africa and Russia.
Statements regarding Plana Resources' plans with respect to its mineral properes are forward-looking statements. There can be no assurance that Plana Resources' plans for development of its mineral properes will proceed as currently expected. There can also be no assurance that Plana Resources will be able to confirm the presence of addional mineral deposits, that any mineralisaon will prove to be economic or that a mine will successfully be developed on any of Plana Resources' mineral properes.
PLATINA RESOURCES LIMITED 
