Jul 24 2012
Patriot Gold Corp. (OTC: PGOL), a gold resource and exploration company, today announced additional assay results from channel samples taken underground near the vicinity of the Allen Shaft at its Moss Gold-Silver project located in northwestern Arizona.
The underground sampling is being conducted by Patriot Gold's project partner, Northern Vertex (TSX.V:NEE), a Canadian-based gold exploration and development company. Channel samples were taken at five foot intervals across the roof of drifts and cross-cuts on the -60 level.
"We are very pleased with current results from channel sampling at Moss," said Dr. Bob Thompson, Chief Geologist of Northern Vertex. "Assays continue to demonstrate excellent continuity of mineralization both along and across the Moss Gold-Silver structure. The consistent 1.5+ gpt gold equivalent grades returned further demonstrate the remarkable uniformity of the Moss stockwork vein Gold-Silver system both on strike and at depth. Establishing continuity of grades along tunnels (drifts) and sub-drifts will play an important factor in future mine planning and development."
"We continue to see strong results from our underground sampling and remain confident in the success of this project and look forward to an updated resource calculation. The Moss project continues to deliver more positive results as we near a production decision," said Karl Boltz, Patriot Gold Vice President of Business Development.
Underground sampling results are provided below:
* AuEq (gpt) = Au (gpt) + 1/40th Ag(gpt)
*gpt = grams / metric tonne
The Moss Mine Project is situated in the historic Oatman Mining district in northwestern Arizona. Since announcing the joint venture with Northern Vertex in March 2011, the project has completed 93 drill holes through reverse circulation, diamond drill coring techniques and underground sampling at three sites. The Moss deposit is a low-sulfidation epithermal stockwork deposit with a strike length in excess of one mile.
The geological disclosure in this press release has been reviewed and verified by Northern Vertex's Chief Geologist, Dr. Bob Thompson, PhD P.Eng.(a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects).
All analyses were performed by Inspectorate America in Reno, Nevada, using industry standard protocols. For full QA/QC procedures, please visit http://www.northernvertex.com/
Source: http://www.northernvertex.com/
About Patriot Gold
Patriot Gold Corp. is a resource exploration company with the mission to discover and develop significant gold assets. Headquartered in Las Vegas, Nevada, Patriot Gold currently holds a portfolio of three projects in Nevada and Arizona at varying stages of development from grassroots to advanced exploration. For more information, please visit 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.
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Patriot Gold
702-456-9565
SOURCE Patriot Gold Corp.