LAS VEGAS, Sept. 3, 2013 /PRNewswire/ -- Patriot Gold
Corp. (OTC: PGOL) or ("Patriot Gold"), a developing gold and silver
exploration and production company, today announced that the
Governor of Arizona, the Honorable
Janice K. Brewer, marked the official opening of the Moss Mine
Reactivation Project Pilot Plant during a ribbon cutting ceremony
held in Bullhead City, Arizona on
August 14, 2013.
The opening ceremony was also marked by the announcement that
significant development milestones highlighted below have now been
reached for the Phase I - Pilot Plant for the Moss Mine Gold-Silver
Project located in the historic and active Oatman mining district near Bullhead City, Arizona.
- Construction on all major items for Phase I – Pilot Plant are
completed.
- Operations are in full swing with the focus on completion of
mining, crushing, agglomerating and stacking operations for the
90,000 tonnes planned in the Preliminary Economic Assessment.
- Leaching of the stacked mineralized material is also underway
and will continue for the next 9-12 months with continual sampling
and assaying of the leached material being performed.
"We were extremely honored to have Governor Brewer take time out
of her busy schedule to attend the ribbon cutting ceremony and
luncheon for the Moss Mine Project," said Bob Coale, CEO of Patriot Gold. "With
construction on Phase I of the Pilot Plant complete and operations
in full swing, our focus remains on continued execution with the
goal of creating sustainable enhanced value for our
shareholders."
While in attendance at the Moss Mine Reactivation Project Pilot
Plant ribbon cutting ceremony and the luncheon that followed in her
honor, Governor Brewer specifically recognized the Moss Project for
being "a very significant addition" to the community of
Bullhead City and its economic
development. The ceremony was well attended by Bullhead City Mayor Jack Hakim, the citizens of Bullhead City and Mohave County and other representatives from
the state of Arizona.
To view photos from the opening ceremony and the Moss Mine
Gold-Silver Project, please click on the following link:
http://www.patriotgoldcorp.com/gallery.php.
The Moss Mine Project & Patriot Gold's Optionee/Operator,
Northern Vertex Corporation
The Moss Mine Project is
located approximately seven miles due east of Bullhead City, Arizona. Patriot Gold is the
100% owner in the historic Moss Gold-Silver property located in
Mohave County, Arizona, which is
subject to certain royalties and an earn-in option agreement for
70% interest. The earn-in optionee/operator (Northern Vertex Corp.)
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 two
projects in Nevada (Bruner and
Vernal) and its flagship Moss project in Arizona, each at varying stages of development
from grassroots to advanced exploration and resource development.
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
http://www.sec.gov.
Investors:
Patriot Gold
702-456-9565
SOURCE Patriot Gold Corp.