Patriot Gold's Moss Mine Project Property Wide Sampling Program Uncovers High Potential Gold Bearing Structures for Further Exploration
26.03.2015 | Marketwire
Additional Mapping and Sampling Program Expected to Be Launched During 2015LAS VEGAS, March 26, 2015 - Patriot Gold Corp. (OTCQB:PGOL) or ("Patriot Gold"), a gold and silver exploration and production company, today provided an update on the Moss Gold-Silver project's property wide exploration program.
Key Highlights:
- A total of 681 samples have been collected since the program began in September 2014, with a significant number returning gold mineralization with assays in excess of 1gpt in the Oatman Extension, Silver Creek Spring, Older Timer and Grapevine areas.
- Several previously identified structures have shown mineralization over significant strike lengths.
- The use of airborne geophysics and magnetic data highlighted potential structures for further exploration which also conform to previously identified aeromagnetic trends.
- Plans are underway to conduct mapping and sampling of additional veins later in 2015.
Full details of this program can be found on our website at:
http://www.patriotgoldcorp.com
The Moss Mine Project & Patriot Gold's Optionee/Operator, Northern Vertex Corporation
Patriot Gold's 100%-owned Moss Mine Project is located approximately seven miles due east of Bullhead City, Arizona. The Moss Mine project is subject to certain royalties and an earn-in option agreement for 70% interest. The earn-in optionee/operator, Northern Vertex Mining Corp. (TSX.V: NEE, OTCQX: NHVCF), has the right to earn a 70% interest in the project by completing an $8.5 million investment over five years and a bankable feasibility study. Subsequent to the earn-in, financing of the project will be on a proportional basis.
About Patriot Gold
Patriot Gold Corp. is a precious metals exploration and production company with the mission to discover and develop significant gold and silver assets. Headquartered in Las Vegas, Nevada, Patriot Gold currently holds a portfolio of three projects: its flagship Moss project in Arizona and two in Nevada (Bruner and Vernal). For more information, go to our website at www.patriotgoldcorp.com.
Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's web site at www.sec.gov.
Contact Information
Investors:
Patriot Gold
702-456-9565