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Paterson Resources: Completes 880m hole at Grace

Paterson Resources Completes 880m hole at Grace

  • Paterson Resources (PSL) has completed an 880-metre deep hole at the Grace project in WA’s prolific Paterson province
  • This drilling was co-funded by the WA Government which provided $200,000 in funding through the Exploration Incentive Scheme
  • The company drilled the hole to test a magnetic anomaly as well as the presence of Grace/Bemm-style mineralisation beneath the shallow zone
  • While assays are yet to be received, the hole intersected broad zones of pyrite and quartz veining
  • Company shares are down six per cent to trade at 4.7 cents at 2:08 pm AEST
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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