Alloy Gold - Paterson Province

Alloy may be at the right place at the right time re Gold


https://*********.com.au/world-class-copper-gold-paterson-province-rio-tinto-exploration-pilbara/
World-class copper-gold intersection uncovered at Paterson Province, Rio Tinto ups exploration ante in the Pilbara

By Lorna Nicholas
November 20, 2018
https://*********.com.au/wp-content/uploads/2018/11/World-class-copper-gold-intersection-Paterson-Province-Rio-Tinto-exploration-Pilbara-Greatland-Gold.jpg


Copper-gold fever at Paterson Province

For the last 12 months, rumours have been gaining traction regarding Rio stumbling across a major copper deposit in the province.

However, Rio is yet to confirm or deny the rumours, but has been actively pegging up land in the area including agreeing to spend $60 million on exploring Antipas Citadel asset to lock-in a 75% stake.

In December last year, Rio boosted its holding in the province from 2,335sq km through wholly-owned and joint venture assets to 13,000sq km.

Mining entrepreneur Andrew Twiggy Forrests Fortescue Metals Group (ASX: FMG) was quick to get in the act and, that same month, made a play for 5,310sq km in tenements.

According to Antipa, the Paterson Province is highly prospective, but grossly underexplored.

However, this may change with several small caps moving into the area including Alloy Resources (ASX: AYR), Metalicity (ASX: MCT), Red Metal (ASX: RDM) and Sipa Resources (ASX: SRI).