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.
Exploration has identified a structurally extensive 2.8-kilometre mineralised corridor.
High-grade zones within this corridor include impressive intercepts such as 60m at 224.20 g/t silver from 24m, including a higher-grade interval of 16m at 383.9 g/t silver and 24 metres at 291 g/t silver.
A priority growth target, Zone S2, has been identified with grades around 102 g/t Ag, which remains open along strike and at depth.
Patriot Resources has announced plans for a Phase 1 drill program in 2026.
The program aims to systematically infill and extend the known high-grade corridors to drive resource growth and conversion.
At the time of reporting, Patriot Resources' share price was $0.049.