Patronus Resources (ASX:PTN) has unveiled its Cardinia Project’s base metal potential with new anomalies and follow-up targets identified after completing a recent exploration program.
The Cardinia Project, located near Leonora in Western Australia, hosts multiple anomalies indicative of volcanogenic massive sulphide (VMS) mineralisation along favourable horizons.
Patronus, which has a market capitalisation of $88.41 million, recently completed an induced polarisation (IP) geophysical survey, mapping and geochemical sampling, reverse circulation drilling, and downhole electromagnetic (EM) surveys.
Managing Director John Ingram says the VMS story at Cardinia continues emerging, with results from the recent programs supporting the company’s belief in the VMS prospectivity of this region.
“Our recent IP survey identified multiple anomalies, with follow-up reverse circulation drilling intersecting zones of zinc and copper mineralisation at multiple targets,” Ingram says.
Ingram notes downhole EM surveys of these drillholes defined new conductive plates at the Pegasus and Eagle prospects, which will be followed up with further reverse circulation drilling in the June quarter.
Patronus intends to determine the potential of additional VMS horizons via sentinel 2 remote imagery processing and may also consider additional airborne and ground geophysical methods at the project.
Patronus Resources is a diversified mineral explorer focused on discoveries in Western Australia and the Northern Territory. The company is primarily focused on gold, base metals, and uranium.
Write to Aaliyah Rogan at Mining.com.au
Images: Patronus Resources
