Patriot Resources Limited Uncovers Promising New 3.12% Copper Target on Sugarloaf Licence, Paving Way for JORC Resource Expansion

Wednesday, June 4, 2025
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9:39 am
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Patriot Resources Limited announced a promising copper target discovery on its Sugarloaf licence in Zambia. Field mapping and pXRF testing identified an 800m copper-bearing syenite body with high readings, prompting further drilling plans. This development underscores potential growth, which beginner traders might find intriguing.

Patriot Resources Limited announced a new copper drill target on its Sugarloaf licence in Zambia, following recent mapping and field testing. The new target, located about 850 meters from the historical Sugarloaf pit, is a syenite-chert body approximately 800 meters in length and 240 meters wide. Visible copper mineralisation in the form of malachite has been identified at surface, and the feature remains open-ended along strike. Initial portable XRF (pXRF) analysis registered copper values reaching as high as 3.12% Cu, with an average of 0.62% Cu over the mapped area, indicating promising copper mineralisation similar to that observed at both the historic pit and the nearby Sinomine Kitumba Copper Deposit. Field tests were conducted using a calibrated SciAps X505 pXRF analyser, with two 30-second readings per sample to ensure data consistency, although the results are acknowledged as indicative rather than definitive compared to laboratory analyses. Historical drilling in the area reported copper intersections at depths averaging 100 meters, suggesting that the new target has been overlooked due to the isolated nature of previous drill holes. The technical work on the new target has included rigorous data capture on sampling methods, GPS location accuracy in the WGS84 UTM Zone 35S system, and adherence to JORC (2012) guidelines, reinforcing the reliability of the early findings. Looking ahead, the Company plans to advance the project by generating a JORC Resource and ultimately a Reserve. Future work includes evaluating the need for diamond drill holes, revisiting the process route with test work, initiating pit optimization studies, and undertaking detailed process infrastructure design. There is also an intention to negotiate a toll treatment agreement with Sinomine Resources Group Co. Ltd, which would facilitate processing of ore at their Kitumba plant. Alongside these steps, further regional exploration will be carried out across the 4 km² licence area. The announcement presents a bullish outlook in that the discovery of visible copper mineralisation with significant pXRF readings could unlock additional drilling targets and potentially lead to a defined resource, supporting a stronger balance sheet and future mining operations. However, caution is warranted given that the pXRF data are only indicative and require further validation through robust diamond drilling and laboratory assays. For beginner traders, this news signals potential upside if future drilling confirms resource expansion, although the early-stage nature of the exploration means that the associated risks and uncertainties remain significant.

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