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Patronus Resources Limited (ASX:PTN)

ALERT: Price-sensitive ASX Announcement for PTN
Current share price for PTN : $0.048 -0.001 (-2.04%)+
Announcement
Release
6 Jul 2026 8:20AM
Price at Release
$0.049
Full Release
download
Summary
Patronus Resources Limited completed a diamond exploration programme at the Tally Ho deposit within the Pine Creek Project, aiming to identify new mineralised zones. The findings confirmed significant high-grade gold intervals, supporting the potential for an extension of the mineral resource. The drilling programme intersected multiple gold-bearing intervals, with the most significant results occurring below the known resource estimates. This supports ongoing efforts to extend the resource base and indicates promising potential for future exploration. The company has launched a comprehensive 2026 field programme targeting additional gold deposits across its extensive Northern Territory holdings.
Key Points
  • A programme of four diamond exploration holes was completed at Tally Ho, totaling 1,432.53 meters.
  • The primary objective was to test for a new mineralised zone, the 'Tally Ho Extension'.
  • Nine gold-bearing intervals were intersected in hole TH26DD001, confirming high-grade depth potential.
  • Significant intercepts include 2.61 m at 6.38 g/t Au from 454 m and 0.62 m at 7.37 g/t from 285.68 m.
  • The intercept at 454 m lies below the historical pit and outside the existing Mineral Resource Estimate.
  • The 2026 field programme involves a 30,000 m drilling initiative across multiple gold target areas.
  • Results from additional holes TH26DD002, TH26DD003, and TH26DD004 are pending.
  • The broader 2026 RC drilling programme is targeting high-priority geochemical anomalies.
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.