Tassa Project Drilling Highlights Silver Grades up to 919.5 g/t
Patriot Resources highlights promising historical drill results and outlines a robust exploration plan for its Tassa Silver-Gold Project in Peru, strategically located near a major gold mine.
- Tassa project adjacent to San Gabriel Gold Mine with 1.8 million oz gold reserves
- Historical drilling reveals high-grade silver intervals up to 919.5 g/t
- Gold intercepts indicate potential for San Gabriel-style mineralization
- Phase 1 and 2 drilling programs planned to expand resource definition
- Project located in Peru, the world’s largest silver reserve holder
Strategic Location and Historical Highlights
Patriot Resources Limited has provided an investor update on its Tassa Silver-Gold Project, situated in Peru’s prolific southern epithermal belt. The project shares its eastern boundary with Buenaventura’s San Gabriel Gold Mine, a significant operation boasting 1.8 million ounces of proven and probable gold reserves at 3.71 grams per tonne, alongside 3.1 million ounces of silver. This proximity places Tassa in a highly prospective geological corridor, enhancing its appeal for precious metals exploration.
Historical drilling at Tassa has delivered standout silver grades over wide intervals, with some holes returning exceptionally high concentrations. Notably, drill hole T-04 intersected 60 metres at 224.20 grams per tonne silver starting from just 24 metres depth, including a 16-metre section grading 383.9 grams per tonne. Other impressive intercepts include 4 metres at 919.5 grams per tonne silver and gold intervals such as 16 metres at 1.50 grams per tonne, suggesting the presence of San Gabriel-style gold veins at depth.
Geological Setting and Exploration Potential
The Tassa project lies within the Tacaza and Yura Group volcanic and sedimentary sequences, hosting a northwest-southeast trending vein and breccia system extending over two kilometres. The southern zone’s geology is analogous to the nearby San Gabriel deposit, indicating potential for deeper carbonate replacement deposits rich in lead, zinc, silver, and gold. The project remains open along strike and at depth, with untested geophysical anomalies hinting at further mineralization potential.
Peru’s status as the world’s largest holder of silver reserves and third-largest silver producer globally underscores the strategic importance of the Tassa project. The country’s mining sector contributes over 10% of its GDP, supported by established infrastructure and a mining-friendly jurisdiction, factors that bode well for advancing exploration and eventual development.
Upcoming Drilling and Development Plans
Patriot Resources has outlined a two-phase drilling program to build on historical data and expand the known mineralized zones. Phase 1 involves 5,000 metres of infill drilling aimed at extending existing silver and gold zones, while Phase 2 plans a further 10,000 metres of step-out drilling to test sediment contacts and geophysical targets, particularly in the gold-dominant southern zone. These efforts aim to refine the geological model and support a JORC-compliant resource estimate.
The company’s leadership team, including Chairman Hugh Warner and General Manager Chris Hilbrands, brings extensive experience in developing large-scale mineral projects, notably the Arcadia lithium deposit in Africa. Their expertise is expected to guide Tassa’s exploration toward unlocking its full potential.
Outlook and Market Context
With the San Gabriel Gold Mine set to commence production imminently, Patriot Resources’ Tassa project is well positioned to attract attention as a potential new source of high-grade silver and gold. The combination of strong historical drill results, strategic location, and a clear exploration roadmap provides a compelling narrative for investors seeking exposure to precious metals in a top-tier jurisdiction.
Bottom Line?
As Patriot Resources advances drilling at Tassa, the market will watch closely for assay results that could redefine silver-gold opportunities in Peru’s southern belt.
Questions in the middle?
- Will upcoming drilling confirm and expand the high-grade silver and gold zones at Tassa?
- How might geopolitical and regulatory factors in Peru impact project development timelines?
- What are the potential resource size and grade estimates once JORC reporting is completed?
