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An announcement from Patriot Lithium Ltd. ( (AU:PAT) ) is now available.
Patriot Resources has unveiled a substantial upgrade to the Exploration Target at its 100%-owned Tassa Silver & Gold Project in southern Peru, now estimated at 559–774 million ounces of silver equivalent from 359–422 million tonnes of ore at 48–57 grams per tonne. The target, independently prepared under JORC 2012, is based on integrated analysis of more than 20 years of geological, geochemical, and geophysical work, including 1,832 surface samples, 8,500 metres of diamond drilling, and extensive IP and magnetics surveys.
Management says the larger, silver-dominant system positions Tassa among the world’s largest undeveloped silver projects and underpins potential large-scale open-pit development. With high-grade surface intercepts and 19 mineralised zones identified, Patriot aims to convert portions of the Exploration Target into JORC Mineral Resources via a planned 4,000-metre drill program, offering a pathway to near-term resource growth, project de-risking, and potential re-rating for investors.
More about Patriot Lithium Ltd.
Patriot Resources Limited is an exploration-focused mining company concentrating on high-grade silver and gold assets, with its flagship Tassa Silver & Gold Project located in southern Peru. The project targets a large, silver-dominant polymetallic system with potential for open-pit, bulk-tonnage development, leveraging extensive historical drilling, sampling, and geophysical datasets.
Average Trading Volume: 1,513,176
Technical Sentiment Signal: Buy
Current Market Cap: A$19.49M
For a thorough assessment of PAT stock, go to TipRanks’ Stock Analysis page.