Patriot lands 31.4 million-ounce Peruvian silver prize
Sydney Morning Herald
by Doug BrightMarch 2, 2026
AI-Generated Deep Dive Summary
Patriot Resources has finalized its acquisition of the Tassa silver-gold project in southern Peru, securing a high-grade asset with significant potential. The deal gives Patriot ownership of a 31.4 million-ounce silver-equivalent resource, including 25.5 million ounces of contained silver, at a strong grade of 52.68 grams per tonne (g/t). This acquisition positions the company to benefit from the growing demand for silver, driven by industrial applications and supply constraints.
The Tassa project stands out due to its open-pit mining potential and mineralization that remains unexplored in all directions across a 2.8-kilometer structural trend. Initial drill results highlight exceptional grades, including 60 meters at 224.20g/t silver and a standout 16-meter section grading 383.9g/t silver. These figures underscore the project’s high-grade credentials and its potential for expansion beyond the current resource model.
Patriot’s strategy focuses on leveraging Tassa’s immediate economic value while exploring its vast untapped potential. The company plans an aggressive phase-one drilling campaign to infill and extend existing drill patterns, targeting the S2 zone, which already averages 102g/t silver equivalent. Additionally, exploration efforts will aim to identify new mineralized zones outside the current resource model, capitalizing on the project’s extensive structural trends.
The acquisition aligns with Patriot’s long-term vision for growth in the silver sector, supported by a favorable market outlook. With Tassa now fully under its control, the company is well-positioned to capitalize on Peru’s robust mining
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Originally published on Sydney Morning Herald on 3/2/2026