PSL 5.00% 2.1¢ paterson resources ltd

RECONNAISSANCE FIELD PROGRAM ADVANCES CONGLOMERATE-HOSTED GOLD...

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    RECONNAISSANCE FIELD PROGRAM ADVANCES CONGLOMERATE-HOSTED GOLD TARGETS AT THE BELLARY PROJECT IN WA’S PILBARA REGION
    Highlights:
    • Historic alluvial workings recorded within tenement area; including a large area of dry blowing activity and evidence of ‘grid-chaining’ over prospective quartz-iron lag alluvial sites.
    • Multiple basalt conglomerate units outcropping, (Figure 1,2,3).
    • Assays from first phase of rock-chip sampling have been submitted to laboratory for assay.
    • Desktop review of radiometric survey has identified five broad areas of interest within the Lower Fortescue Group.
    • Helicopter-supported exploration to commence this week in addition to the ongoing Phase 1 field programme to facilitate coverage of the Company’s broader tenement portfolio.
    • EYM geological field team and prospectors working in conjunction to complete Phase 1 field programme over the next 2-3 weeks.
    • Prospectors are reminded that E47/3578 is a granted exploration tenement and therefore access is not allowed without company permission.
    • Furthermore, pegmatite veining observed by geologist over a 130m strike length (Figure 4).
 
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