Strong Drill Results Confirm Depth Potential at Tally Ho

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Stock PTN.ASX (PTN.ASX)
Release Time 27 Jul 2026, 8:23 a.m.
Price Sensitive Yes
 Patronus Resources Reports High-Grade Gold Intersections at Tally Ho
Key Points
  • Final assay results confirm high-grade gold mineralisation extends at depth.
  • Significant gold intersections include 3.17 m @ 3.32 g/t Au from 324.83 m.
  • New structural targets identified for potential mineralisation.
  • 2026 drilling and sampling program underway across Pine Creek Project.
Full Summary

Patronus Resources (ASX: PTN) has reported final assay results from its four-hole diamond drilling program at the Tally Ho deposit, part of the Pine Creek Project in the Northern Territory. The results confirm the presence of high-grade gold mineralisation extending at depth, with significant intersections including 3.17 m @ 3.32 g/t Au from 324.83 m. The program has also identified new structural targets for potential mineralisation. Patronus' 2026 Northern Territory field program is underway, comprising 30,000m of RC and diamond drilling, along with the collection of 3,000 surface geochemical samples across the Pine Creek Project.

Outlook

The Company plans to complete approximately 30,000m of drilling, including 6,000m of diamond drilling and 24,000m of RC drilling, together with the collection of 3,000 surface geochemical samples.