Resource Growth Potential Rises as Patronus Extends Gold Mineralisation at Glencoe
Patronus Resources has extended gold mineralisation at its Glencoe deposit in the Northern Territory through a recent drilling campaign, revealing multiple high-grade zones beyond the current resource boundaries.
- 17-hole, 2,142m Reverse Circulation drilling completed at Glencoe
- High-grade gold intercepts including 1m at 28.33 g/t and 3m at 4.17 g/t
- Mineralisation extended beyond existing resource estimate both along strike and down dip
- Drilling confirms steeply-dipping shear zones hosting gold mineralisation
- Results to feed into broader Pine Creek exploration strategy targeting gold, base metals, and uranium
Expanding the Glencoe Gold Footprint
Patronus Resources (ASX: PTN) has announced promising results from its latest drilling program at the Glencoe Gold Project, situated in the prolific Pine Creek region of the Northern Territory. The company completed a 17-hole Reverse Circulation (RC) campaign totaling 2,142 metres, targeting zones outside the current Mineral Resource Estimate (MRE). The program successfully intersected multiple zones of shallow, high-grade gold mineralisation, including standout intercepts such as 1 metre at 28.33 grams per tonne (g/t) from near surface.
These results not only confirm the presence of gold mineralisation beyond previously defined boundaries but also extend the strike and down-dip extents of the deposit. The Glencoe deposit, which currently hosts a resource of approximately 79,000 ounces at 1.2 g/t gold, now appears poised for potential growth as the new drilling highlights additional mineralised domains.
Geological Insights and Structural Controls
The drilling campaign has reinforced the understanding that gold mineralisation at Glencoe is closely associated with steeply-dipping shear zones and a complex network of quartz veins. These structures cut through folded sedimentary rocks of the Mount Bonnie Formation, with mineralisation often concentrated within fracture and shear zones. The presence of high-grade quartz veins oblique to the main anticline-related lodes suggests multiple mineralising events or structural controls that could be exploited in future exploration.
Patronus’ Managing Director, John Ingram, emphasised the significance of these findings, noting that the results support a broader district-scale exploration approach. This strategy aims to not only grow the existing gold resources but also to identify new targets for base metals and uranium within the Pine Creek tenure.
Strategic Implications and Next Steps
The Glencoe drilling results feed into Patronus’ larger vision for the Fountain Head Gold Project and the wider Pine Creek portfolio. With a combined Mineral Resource Estimate of over 230,000 ounces of gold across the region, the company is advancing towards near-term production scenarios while simultaneously expanding its resource base. The relatively shallow nature of most drilling to date (less than 150 metres depth) leaves significant upside potential at depth, which Patronus plans to explore through ongoing drilling campaigns.
Further work will integrate these new data into updated resource models and regional geological studies, including structural and regolith analyses and geophysical reprocessing. This comprehensive approach aims to generate large-scale deposit targets across gold, uranium, and base metals, reinforcing Patronus’ position in a highly prospective mineral province.
While assay results have confirmed encouraging grades, the company cautions that true widths of mineralisation remain uncertain due to complex geology and folded structures. Nonetheless, the drilling success at Glencoe marks a pivotal step in unlocking the full potential of Patronus’ Northern Territory assets.
Bottom Line?
Patronus Resources’ latest drilling success at Glencoe sets the stage for resource growth and a strategic push toward production in the Pine Creek region.
Questions in the middle?
- How will the new drilling results impact the upcoming Mineral Resource Estimate update for Glencoe?
- What are the timelines and capital requirements for advancing the Fountain Head Project toward production?
- How might expanding gold mineralisation at Glencoe influence Patronus’ broader exploration plans for base metals and uranium in Pine Creek?
