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- Final assay results received from all 28 RC holes completed at Grove Hill
- New shallow gold intercepts from Full Nelson prospect
- Gold intercepts interpreted to occur along north-trending structure
- Results build on previously reported intercepts from Grove Hill
Patronus Resources (ASX: PTN) is set to undertake mapping and geological interpretation to assess potential follow-up targets after receiving promising results from first-pass RC drilling at Grove Hill within its Pine Creek project in the Northern Territory.
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The program comprised 28 RC holes for 3,514m across three target areas: Moonsault, Full Nelson and Half Nelson.
The latest assays included several new shallow gold intercepts at Full Nelson of 3.0m at 2.77 grams per tonne (g/t) gold from 20m, 3.0m at 1.18 g/t from 28m, 5.0m at 0.65 g/t from 11m and 8.0m at 0.86 g/t from 25m.
“These latest assays from Full Nelson continue to support our interpretation of a gold-bearing structure that has now been defined over a strike length of approximately 800m,” MD, John Ingram, said.
“These are encouraging results from first-pass drilling and provide a solid foundation for further work. Our geologists are now undertaking additional mapping to refine the geological interpretation and identify potential follow-up drill targets.
“The 2026 NT drilling program is now complete, with assay results from other targets expected to flow over the coming months.”
The Grove Hill target area was identified through surface sampling undertaken in 2025 with subsequent in-fill sampling providing additional support for further drill testing (ASX announcement dated 27 February 2026).
The RC holes were completed to provide a first-pass test of three prospects – Moonsault, Full Nelson and Half Nelson – across approximately two km.
Drilling was designed to test discrete targets where surface gold anomalism coincides with mapped alteration, shearing and localised folding. The prospects are associated with a north-northwest to south-southeast trending ridge in the Koolpin Formation and interlayered dolerite.
The 2026 NT drilling program has concluded, with remaining samples at the laboratory and further assay results expected over the coming months.
At Grove Hill, ongoing geological mapping and interpretation, together with the drill results, will be used to assess whether further drilling is warranted as part of the 2027 exploration program.
PTN was steady at 4;6¢ with a Mkt cap of $68.4M.
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