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Patriot Resources Limited (ASX:PAT)

ALERT: Price-sensitive ASX Announcement for PAT
Current share price for PAT : $0.053 -0.016 (-23.19%)+
Release
12 Aug 2026 9:36AM
Price at Release
$0.069
Full Release
download
Summary
Patriot Resources Limited has secured an agreement with the Pachamayo Community to conduct geological mapping and surface sampling in the northern portion of their 100%-owned Tassa Silver-Gold Project in Peru. This authorization from the Pachamayo Community allows Patriot's operating team, Colque Perú S.A.C., to engage in exploration activities over a three-month period. The initiative involves Pachamayo community members directly, with two guides and four local assistants participating in the field program, emphasizing community involvement. The authorized area is part of the northern Tassa Project where target zones from previous geophysical and geochemical surveys have been identified. This step is seen as a positive advancement in community relations and ongoing discussions are aimed at expanding access to other parts of the Tassa Project in preparation for drilling.
Key Points
  • Pachamayo Community formal authorisation received.
  • Exploration involves community-appointed guides and assistants.
  • Three-month initial period for geological mapping and sampling.
  • Part of northern portion of Tassa Silver-Gold Project.
  • Positive step in community relations and project development.
  • Supports drill-target definition program.
  • Community engagement is part of a broader district program.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.