InvestSMART

Patronus Resources Limited (ASX:PTN)

ALERT: Price-sensitive ASX Announcement for PTN
Current share price for PTN : $0.052 0.001 (1.96%)+
Announcement
Release
12 Aug 2026 8:16AM
Price at Release
$0.051
Full Release
download
Summary
Patronus Resources Limited has announced significant results from their first modern drilling campaign in over 30 years at the Davies No.2 prospect within the Golden Dyke area of the Pine Creek Project in the Northern Territory. The drilling confirmed notable shallow gold mineralisation with six RC holes completed, yielding promising results such as 10 meters at 2.05 g/t Au from 52 meters and 9 meters at 1.32 g/t Au from 77 meters. The historical data validation also confirmed broad shallow gold intercepts, demonstrating the potential of the Golden Dyke area. Further drilling is planned to explore the extended potential along the strike and depth. The release also highlights Patronus' broader exploration program at Pine Creek, intending to conduct approximately 30,000 meters of RC and diamond drilling.
Key Points
  • First modern drilling at Davies No.2 in over 30 years with significant results.
  • Six RC holes completed showing shallow gold intercepts.
  • Historical drilling validation confirmed broad shallow gold intercepts.
  • Davies No.2 prospect remains open along strike and at depth.
  • Planned follow-up drilling to explore extensions.
  • Broader 2026 Pine Creek exploration program includes 30,000 meters of drilling.
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.