Total
0
Shares
Paterson Resources (ASX:PSL) kicks off drilling at Grace Copper-Gold Project
Drilling underway at the Grace Project. Source: Paterson Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Paterson Resources (PSL) begins drilling at its Grace copper-gold project in the Paterson Province of Western Australia
  • The program comprising 6000 metres of reverse circulation and diamond drill-holes will test targets along strike from historic intercepts
  • Drilling contractor, DDH1, has arrived on site to begin the six-week program focusing on high-impact targets identified from recent geophysical surveying
  • Infil drilling will also be conducted on gaps between known mineralisation previously intersected in the Grace and Bemm Shear Zones
  • Shares have been trading grey at 5.9 cents at 11:59am AEST

Paterson Resources (PSL) has begun drilling at its Grace copper-gold project in the Paterson Province of Western Australia.

The Grace project is located in proximity to other discoveries including Newcrest Mining's (NCM) Telfar copper-gold mine and the Havieron gold deposit.

The company is undertaking a drilling program comprising 6000 metres of reverse circulation and diamond drill-holes to test targets along strike from historic intercepts.

PSL is encouraged by historic results from the area which include near surface gold mineralisation with grades of 10 metres at 20.9 grams of gold per tonne from six metres and 12 metres at 14.38 g/t from 56 metres, which haven't been followed up.

Deeper magnetic targets are also planned to be drill-tested to determine if mineralisation is open at depth.

With the drilling contractor, DDH1, now on site, PSL has begun the six-week drilling campaign which will focus on high-impact targets identified from recent
geophysical surveying.

Infill drilling is also scheduled to test significant gaps between known mineralisation previously intersected in the Grace and Bemm Shear Zones.

In particular, the infill work will seek to follow up historic work carried out by Newmont Australia and Newcrest Mining.

Shares were trading grey at 5.9 cents at 11:59am AEST.

PSL by the numbers
More From The Market Herald
New 3D model prompts Emmerson Resources (ASX:ERM) to start drilling at Kiola

" New 3D model prompts Emmerson Resources (ASX:ERM) to start drilling at Kiola

Emmerson Resources (ERM) has outlined some drill targets at its Kiola Project in New South Wales.
Australasian Gold (ASX:A8G) - Managing Director, Dr Qingtao Zeng - The Market Herald

" Australasian Gold (ASX:A8G) receives maiden diamond drill results from May Queen

Australasian Gold (A8G) has received results from its maiden diamond drilling program at its May Queen Gold Project in Queensland.
Heavy Minerals (ASX:HVY) - Executive Director and CEO, Nic Matich (second from the right) - The Market Herald

" Heavy Minerals (ASX:HVY) prepares for 12,000m drilling after ASX listing

Heavy Minerals (HVY) has engaged Hornet Drilling as the drilling contractor for an upcoming program.
Iceni Gold (ASX:ICL) - Executive Chairman, Brian Rodan (left) with a member of the exploration team. - The Market Herald

" Iceni Gold (ASX:ICL) hits third significant intersection at TOTK

Iceni Gold (ICL) has had further success at the TOTK target area, hitting a third significant intersection.