Highlights

  • Maiden sampling at the Elvira sector of the Pachamayo target returned up to 27.7 g/t silver.
  • A 20m by 120m opaline silica breccia was mapped, interpreted as consistent with an epithermal system.
  • Surrounding tuffs returned anomalous zinc, lead and molybdenum.
  • Elvira lies about 2km north-east of the 31.4Moz silver equivalent Tassa resource.

Patriot Resources Limited (ASX:PAT) has reported maiden surface assay results from the Pachamayo target at its 100%-owned Tassa Silver-Gold Project in southern Peru. The results returned silver, lead, zinc, copper and highly anomalous molybdenum from the Elvira sector, located north of the existing Tassa resource.

Maiden Sampling Results at Pachamayo

The program covered about 65 hectares, with 38 surface samples collected and analysed by ALS in Peru. Sample 5067, taken from opaline breccia, returned 27.7 g/t silver and 0.30% lead, while sample 5080 returned 17.6 g/t silver.

Lithic tuffs surrounding the breccia also showed anomalous results, including 1,130 ppm zinc and 343 ppm molybdenum in sample 5071, and 1,695 ppm lead in sample 5072. Argillic alteration and opaline silica infiltration extend across an area of up to 60m by 200m.

Geological Interpretation

Patriot mapped a 20m by 120m opaline silica breccia with intense silicification, which it interprets as consistent with an epithermal system and possibly the upper part of a deeper mineralised system. The silver-lead-zinc and arsenic-antimony-bismuth associations are broadly consistent with an intermediate sulphidation epithermal system, similar to the main Tassa corridor.

The company is assessing whether Elvira is an extension of the Central Sector system or a separate hydrothermal centre. The presence of arsenic, antimony, bismuth and molybdenum may point to a hotter, intrusion-related source.

Tassa Project and Next Steps

Tassa hosts a maiden JORC Inferred Mineral Resource of 31.4Moz silver equivalent at 52.68 g/t, with about 81% of metal value from silver. CEO Dominic Duggan said, "We are very excited by these first results from Pachamayo," while noting that "our focus remains 100% on operational readiness for the Tassa main resource drilling program."

Patriot will continue preparing for the Tassa Main drilling program while awaiting the drill permit. Further work includes surface sampling on the adjoining Tassa 5 licence, detailed mapping across the 2km corridor, channel sampling and mineralogical studies to rank drill targets.

Key Takeaways

  • Maiden sampling at Pachamayo has identified silver and base metal anomalism near the Tassa resource.
  • The opaline breccia may represent the upper part of a deeper mineralised system.
  • Pachamayo adds a new follow-up target to the Tassa exploration pipeline.
  • The main focus remains preparing for drilling at the Tassa resource.