Paterson Resources Limited Commences Drilling At the Grace Project
a granite intrusion. Drilling is progressing well with five holes completed for 842m and 295 samples from the first two holes are already on their way to the lab. The program will continue with holes planned to test the Grace-Bemm shear, known to host gold mineralisation and the Lakes prospect to the southwest. The Grace Gold-Copper Project is in the heart of the Paterson Province, where multiple major exploration groups including Rio Tinto, Newcrest and Greatland Gold are actively exploring within the region. Significant discoveries proximal to Paterson's Grace Project include the Havieron gold-copper deposit to the north- east where Greatland Gold recently reported a 5.5 million ounce gold resource, Cyprium Metal's Maroochydore copper prospect to the south and the world-class 30-plus million ounce Telfer Gold-Copper Mine, owned by Newcrest, located 25km northwest.