Re-assay Confirms Data Integrity at Tassa Project
Summary
Patriot Resources has completed an independent re-assay program at the Tassa Silver-Gold Project in Peru, confirming the integrity of historical geological data. This validation supports the existing 31.4Moz AgEq JORC Inferred Mineral Resource and prepares the company for its maiden drill program. Environmental approvals have been confirmed, and community engagement is ongoing.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- Re-assay program validates historical data for silver, gold, lead, and zinc.
- 31.4Moz AgEq JORC Inferred Mineral Resource at 52.68 g/t AgEq confirmed.
- Environmental Impact Declaration confirmed valid by Peru's Ministry of Mining.
- Community engagement efforts are ongoing with the Tassa Community.
Key Points
- Re-assays confirm historical data integrity at Tassa Project.
- 31.4Moz AgEq JORC Inferred Mineral Resource validated.
- Environmental Impact Declaration confirmed by MINEM.
- Community engagement efforts are progressing.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement includes technical details about assay methods and regulatory approvals.
Share Price Reaction
Following the announcement, the share price moved from $0.0700 to $0.0610 over five trading days, representing a decreased of 12.9%.
- Price at announcement: $0.0700
- 1 day change: -5.71%
- 5 day change: -12.86%
- 30 day change: -2.86%
Share price data may be delayed.
Mine Brief summaries are generated from company announcements and are provided for general information only. They are not financial advice. Investors should refer to the original announcements and seek professional advice where appropriate.
