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