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
