Patronus Resources Announces Gold Intersects at Pine Creek Project
Key points
- First-pass drilling at Burnside North and Grove Hill intersects significant gold
- Notable intercepts include 44m @ 0.76 g/t Au and 3m @ 2.37 g/t Au
- Further assays pending; follow-up drilling planned for Hydra
Full summary
Patronus Resources (ASX: PTN) has reported encouraging results from first-pass Reverse Circulation (RC) drilling at the Burnside North and Grove Hill target areas within its Pine Creek Project in the Northern Territory. The drilling has intersected significant gold mineralisation, with notable intercepts including 44m @ 0.76 g/t Au from 96m in Hydra/Hydrellison and 3m @ 2.37 g/t Au from 15m in Grove Hill. The results provide an encouraging start to the Company's first-pass testing of these greenfields target areas. Follow-up drilling is planned for Hydra during the current field season, with further assays pending from both Hydra/Hydrellison and Grove Hill.
Outlook
Patronus Resources plans to continue drilling and integrate the results into their follow-up drilling and broader 2027 program.
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