ASX Release 10 June 2008 KALAHARI PLATINUM PROJECT FURTHER WIDE ZONES OF TARGET GRADE MINERALISATION INTERSECTED INCLUDING 20m @ 6.26 g/t 3E PGM AT THE CRUX DEPOSIT Platinum Australia Limited (ASX: PLA) (AIM: PLAA) is pleased to announce that the latest results from the resource definition drilling program on the Kalahari Platinum (“Kalplats”)Project (PLA earning 49% from ARMplatinum) have identified further wide zones of target grade mineralisation in the Crux and Orion Deposits as well as the Mira Prospect. Results from Crux include 20m @ 6.26 g/t plus 4m @ 4.13 g/t 3E PGM in hole KP529. The results from Orion include 4m @ 3.58 g/t plus 11m @ 3.48 g/t 3E PGM in hole KP492. At Mira results include 11m @ 5.43 g/t 3E PGM in hole 432; and 9m @ 4.35 g/t plus 9m @ 3.29 g/t plus 11m @ 4.78 g/t 3E PGM in hole KP437. Further good results have also been recorded in the Sirius and Vela Deposits.
PLA Managing Director John Lewins said: “The intersection of 20m @ 6.26 g/t 3E PGM in hole KP529 from the “Crux Gap” is one of our best intersections to date at Kalplats and should further enhance the potential of the deposit as this and all other results reported today are not included in the current resource estimate. The results from Mira serve to further build our confidence in the continuity of good relatively wide zones of mineralisation in this discovery”. “One of the more interesting results reported today is the 1m @ 57.53 g/t gold in hole KP466 at Mira, that is not associated with the reefs of the Stella Layered Intrusive (“SLI”) but originates from visible gold found along the contact between a felsic intrusive and the Stella gabbros. This result does serve to highlight the potential for gold on the Kalplats leases as they cover part of the Kraaipan greenstone belt (of which the SLI is part), which has been historically mined for gold and hosts the presently operating Harmony Kalgold open pit gold mine which produced 100,000 ozs in the 2007 Financial Year”.
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