
Platina acquires Mt McKenna gold project
Platina Resources (ASX: PGM) is acquiring all the shares in Jasper Exploration, which owns a 100% interest in the Mt McKenna gold project in WA. The project is located 13km east of Laverton in close proximity to Genesis Minerals (ASX: GEN) Laverton project and 20km northeast of the Granny Smith mine. Platina is acquiring the project for $320,000 cash, the issue of 20 million ordinary shares in Platina and a 1.5% net smelter royalty for which Platina can buy-back 50% of the royalty at market value. An additional $25,000 cash and 1.75m shares will be issued in consideration for finders and corporate advisory services in relation to the acquisition. The Mt McKenna project is situated in prime geological setting with…









