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Paterson Resources ( (AU:PSL) ) has issued an announcement.
Paterson Resources has successfully completed Phase I of its 8,500-meter drilling campaign at the Grace Gold-Copper Project, achieving 18 drill-holes totaling approximately 2,600 meters. The campaign aims to extend known mineralization, infill resource drilling, and explore potential extensions of a high-grade gold lode. The company plans to deliver a JORC compliant Indicated Mineral Resource Estimate in the first half of 2026, which will contribute to a Scoping Study. The results of the drilling are expected to create significant value for shareholders and enhance Paterson’s position in the industry.
More about Paterson Resources
Paterson Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Their primary products include gold and copper, with a particular emphasis on projects located in mineral-rich provinces.
YTD Price Performance: 181.82%
Average Trading Volume: 1,025,511
Technical Sentiment Signal: Buy
Current Market Cap: A$16.31M
Find detailed analytics on PSL stock on TipRanks’ Stock Analysis page.