Patronus traces 800m gold trend at Grove Hill

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Fresh shallow gold hits at Full Nelson will help Patronus Resources assess follow-up drilling at Grove Hill. ... Read More The post Patronus traces 800m gold trend at Grove Hill…

Pencil it in: Patronus is sharpening its understanding of an 800m gold trend at Grove Hill. Pic: Getty Images

Special Report: Patronus Resources has uncovered more shallow gold at Grove Hill in the Northern Territory, with fresh drilling results supporting its interpretation of a gold-bearing structure stretching about 800m along strike.

Patronus Resources (ASX:PTN) has now received the final assays from 28 reverse circulation holes totalling 3,514m at Grove Hill, part of its Pine Creek Project. The first-pass program tested the Moonsault, Full Nelson and Half Nelson prospects.

The standout new result at Full Nelson was 3m at 2.77g/t gold from just 20m, with the same hole also returning 3m at 1.18g/t from 28m.

Another hole delivered two shallow intervals, with 5m at 0.65g/t gold from 11m and 8m at 0.86g/t from 25m.

These add to previously reported Grove Hill results from September earlier this year, including 3m at 2.37g/t gold from 15m at Moonsault and 4m at 0.80g/t from 105m at Full Nelson.

At Full Nelson, Patronus interprets the gold intercepts as lying along a north-trending fault close to the contact between dolerite and sediments of the Koolpin Formation. The structure is on the western limb of a local fold.

The results span about 800m along strike, but drill lines are as much as 480m apart. That makes the interpretation an encouraging starting point.

Managing director John Ingram said the new assays reinforced the company’s geological picture.

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