Patriot Gold Announces New Drilling Program at Moss Mine Project, Arizona
04 Juin 2009 - 3:25PM
PR Newswire (US)
LAS VEGAS, June 4 /PRNewswire-FirstCall/ -- The board of Patriot
Gold Corp. (OTC:PGOL) (BULLETIN BOARD: PGOL) has approved an
additional drilling program at its Moss Mine Project located in
northwestern Arizona near Bullhead City. After considering the
favorable drilling results and initial metallurgy from the project
(see earlier press releases), the board has authorized an
exploration plan that funds further drilling to potentially enlarge
the resource at depth. Additional metallurgical testing of the
proposed drilling will help determine the minability of the
deposit. A new resource calculation will also be conducted sometime
after drilling is completed. A program of six or seven core holes
is planned to test the down-dip extension of the Moss vein system.
Total drilling footage planned is 3,000 feet. The drilling will
test approximately 2,000 feet of strike length of the vein and is
expected to take six to eight weeks to complete. After all core is
logged and one-quarter of the core is assayed, the remaining
three-quarter core will be sent for column leach testing. A long
leach cycle will be used to determine whether gold/silver
recoveries continue to improve beyond the 109 day test previously
conducted. A metallurgical company will be chosen to conduct the
testing at a later date. The Moss project is located within the
Oatman District which has had historic production of +2 million
ounces of gold. The Moss vein system can be traced on surface for
over a mile. Dipping 40-60 degrees to the south from a high ridge,
the quartz-calcite veins and stockworks are being drilled as a bulk
minable gold target by Patriot. More on Patriot's projects and past
press releases can be found on the company's website,
http://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 website at http://www.sec.gov/. Contact: Investor
Relations 1-877-501-GOLD (4653) 1-702-456-9565
http://www.patriotgoldcorp.com/ DATASOURCE: Patriot Gold Corp.
CONTACT: Investor Relations of Patriot Gold Corp., 1-877-501-GOLD
(4653), or +1-702-456-9565 Web Site:
http://www.patriotgoldcorp.com/
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