Patriot Resources Expands Tassa Silver-Gold Project with New Tenement

Strategic Land Expansion at Tassa Silver-Gold Project

Patriot Resources Limited (ASX:PAT) has bolstered its position in Peru’s prolific silver-gold corridor by staking the Tassa 5 tenement, directly adjoining its 100%-owned Tassa Silver-Gold Project to the south. This addition lifts the company’s tenure from 1,200 hectares to 1,800 hectares, marking a 50% increase in landholding over a mineralised system already hosting a 31.4 million ounce silver equivalent (AgEq) inferred resource at a robust grade of 52.68g/t AgEq.

The newly acquired ground extends the interpreted strike length of the mineralised corridor controlled by the Tassa Fault from approximately 2.9 kilometres to 3.1 kilometres, reinforcing the potential scale of the system which remains open in all directions. This expansion effectively secures the last available highly prospective land parcel adjacent to the existing project, positioning Patriot to further grow its resource base beyond the initial limits.

Regulatory and Community Engagement Progress

Peru’s Ministry of Energy and Mines has confirmed that the Environmental Impact Declaration (DIA) for Tassa remains valid and free from any observations, clearing a key regulatory hurdle for ongoing exploration activities. Patriot is actively engaging with the local Tassa community at the board level, following meetings earlier this year, while also initiating dialogue with the Pachamayo community whose land overlaps the new tenement area.

These community discussions are critical as Patriot aims to secure agreements to support a Phase 1 drilling program. The company is concurrently undertaking geological mapping and sampling to refine drill targets across the expanded project area, aligning with its strategy to convert the sizeable inferred resource into a more definitive mineral inventory.

Silver-Gold Corridor Surrounded by Majors

The Tassa project lies within a mineralised corridor attracting significant attention from major mining players including Buenaventura, Teck, Barrick, and Fresnillo, underscoring the jurisdiction’s favourability for precious metals exploration. Patriot’s expanded tenure consolidates its footprint in this competitive landscape, potentially enhancing its leverage in future resource development and partnership opportunities.

CEO Dominic Duggan emphasised the strategic value of the acquisition, noting that Tassa 5 “gives us the final piece of available highly prospective land” along a system that remains open in every direction. The company’s focus remains on progressing community agreements to enable a maiden drilling campaign that could unlock further resource growth.

Next Steps and Exploration Outlook

Patriot’s immediate priorities include advancing community engagement with the Tassa and Pachamayo groups and continuing detailed geological work to support drill planning. While the Phase 1 drilling program awaits formal community consent, the groundwork laid by the expanded tenure and regulatory clearance positions Patriot well to accelerate exploration once agreements are secured.

Given the scale of the inferred resource and the project’s openness, the new tenement acquisition could be a pivotal step in extending the mineralised system and enhancing the project’s overall value proposition.