Patriot Resources (ASX:PAT) announced the acquisition of a 100% interest in the Tassa Silver-Gold Project, located in southern Peru.
The move provides the company with immediate resource scale and direct leverage to long-term silver price upside, driven by sustained industrial demand and structural supply constraints.
The project boasts a maiden JORC (2012) inferred mineral resource of 31.4 million ounces of silver equivalent at a grade of 52.68 g/t Ag.
The resource estimate comprises 25.5 million ounces of silver and 0.04 million ounces of gold.
The mineralisation commences at the surface, which supports potential for low-strip mining operations.
Furthermore, the deposit remains open in all directions, offering significant opportunities for expansion.