USD $4,127.96
Goldman Patronus expands Merlin Prospect as Mertondale trend builds momentum
Patronus Resources Limited (ASX:PTN) has announced the discovery of a new high-grade gold shoot at its Merlin Prospect in Western Australia, extending over 450 metres of strike. The Merlin Prospect sits just 400 metres north of the existing 138,000oz Mertondale 3-4/North Resource.
The company has completed a 12-hole RC drilling program totalling 1,698 metres, delivering several standout shallow intercepts:
- 10m @ 2.10g/t Au from 94m (MT25RC007)
- 24m @ 1.16g/t Au from 61m (MT25RC008)
- 10m @ 1.24g/t Au from 76m (MT25RC006)
Mineralisation remains open down-dip and along strike, with follow-up drilling scheduled for Q3 CY25. Merlin is located within the 12km-long Mertondale East Shear Zone, a corridor viewed as highly prospective for further gold discoveries. Initial metallurgical test work is planned for Q4 CY25.
The Merlin Prospect is part of Patronus’ wholly owned 1Moz Cardinia Gold Project in the Leonora region of WA.
Patronus Resources Managing Director, John Ingram, said:
The discovery of a new high-grade gold shoot at Merlin further strengthens the exceptional prospectivity of the 12km-long Mertondale East corridor.
The grades and widths we’re seeing – including 24m grading 1.16g/t gold and 10m grading 2.1g/t gold – are consistent with the shallow oxide gold we’ve been targeting in this area. With historical hits at this target of up to 17.5g/t gold, and with the mineralisation remaining open, Merlin presents a clear opportunity for Patronus to rapidly build on the 1Moz Cardinia Gold Project.
