LAS VEGAS, April 4, 2012 /PRNewswire/ -- Patriot Gold Corp.
(OTC: PGOL), a gold resource and exploration company, today
announced successful results from drilling core holes 5 through 10
as part of its Phase 2 infill drill and resource expansion
program.
Phase 1 and 2 drilling is being conducted by Patriot Gold's
project partner, Northern Vertex (TSX.V:NEE), a Canadian-based gold
exploration and development company. To date, the company has
completed a total of 28 holes of its current Phase 2 expansion
program. Included in the total are 18 RC (reverse
circulation) drill holes and 10 diamond drill (core) holes.
The company also reports Phase II drilling on the western
extension is now complete. Results from the final holes of the
program are expected in the near future.
"We are very pleased with current results," said Dr.
Bob Thompson, Chief Geologist of
Northern Vertex. "Five out of six drill holes returned high-grade
intercepts including: 6.26 gpt Gold Equivalent over 1.68 meters,
5.37 gpt Gold Eqv over 1.83 meters, 4.03 gpt Gold Eqv over 1.22
meters and 3.61 gpt Gold Eqv over 4.57 meters. Results confirm the
Gold mineralization along Moss's western extension is expanding and
robust. Significantly, the high-grade zones are contained within
much thicker mineralized intersections that continue to average
substantially above internal cut-off grades, which will undoubtedly
play a key factor in potentially adding additional future tonnage
and Gold Eqv ounces to our current 43-101 Gold-Silver
resource."
"In line with previous updates we have provided since drilling
for the Moss Gold-Silver project began, we are excited to report
continued promising results from our Phase 2 program," said
Bob Coale, CEO of Patriot
Gold. "Now that Phase 2 drilling on the western extension is
complete, our focus is on working with Northern Vertex to deliver
reporting on the final drill holes in the near future."
Drill hole results are provided below:
|
Hole
ID
|
Interval
(Intvl)
|
Grade
AuEq
|
From
|
To
|
Au
|
Ag
|
|
(m)
|
(gpt)
|
(m)
|
(m)
|
(gpt)
|
(gpt)
|
|
AR-143C
|
13.72
|
0.52
|
5.49
|
19.20
|
0.39
|
5.3
|
|
1.52
|
2.28
|
13.11
|
14.63
|
1.53
|
29.7
|
|
1.52
|
0.54
|
25.30
|
26.82
|
0.48
|
2.4
|
|
7.62
|
0.34
|
29.87
|
37.49
|
0.26
|
3.1
|
|
21.18
|
0.51
|
42.06
|
63.25
|
0.40
|
4.2
|
|
21.34
|
0.90
|
69.49
|
90.83
|
0.54
|
14.1
|
|
1.68
|
6.26
|
86.26
|
87.93
|
3.10
|
126.2
|
|
1.52
|
0.50
|
96.93
|
98.45
|
0.34
|
6.4
|
|
3.05
|
0.46
|
104.55
|
107.59
|
0.43
|
1.4
|
|
AR-149C
|
11.40
|
1.08
|
0.00
|
11.40
|
0.75
|
13.3
|
|
1.37
|
3.01
|
2.96
|
4.33
|
2.30
|
28.6
|
|
0.76
|
0.41
|
23.16
|
23.93
|
0.29
|
4.5
|
|
2.74
|
0.37
|
41.76
|
44.50
|
0.33
|
1.6
|
|
1.52
|
2.50
|
60.05
|
61.57
|
2.28
|
8.6
|
|
AR-151C
|
15.85
|
0.44
|
11.89
|
27.74
|
0.33
|
4.1
|
|
AR-152C
|
23.01
|
0.38
|
15.09
|
38.10
|
0.30
|
3.2
|
|
10.21
|
0.34
|
42.37
|
52.58
|
0.27
|
2.7
|
|
77.72
|
0.66
|
58.83
|
136.55
|
0.51
|
6.1
|
|
4.57
|
3.61
|
60.35
|
64.92
|
2.19
|
57.0
|
|
AR-154C
|
14.94
|
0.35
|
29.87
|
44.81
|
0.32
|
1.1
|
|
15.24
|
0.40
|
57.30
|
72.54
|
0.38
|
1.0
|
|
1.22
|
0.43
|
83.52
|
84.73
|
0.42
|
0.4
|
|
76.20
|
0.62
|
90.83
|
167.03
|
0.52
|
3.8
|
|
1.83
|
5.37
|
160.02
|
161.85
|
5.27
|
4.0
|
|
1.52
|
0.39
|
189.89
|
191.41
|
0.21
|
7.0
|
|
1.83
|
0.46
|
195.99
|
197.82
|
0.28
|
6.9
|
|
1.52
|
0.41
|
203.61
|
205.13
|
0.29
|
5.1
|
|
1.22
|
0.41
|
210.01
|
211.23
|
0.38
|
0.9
|
|
0.91
|
0.38
|
212.45
|
213.36
|
0.27
|
4.3
|
|
AR-156C
|
15.24
|
0.41
|
7.92
|
23.16
|
0.30
|
4.1
|
|
1.22
|
4.03
|
40.84
|
42.06
|
0.16
|
154.8
|
|
1.52
|
0.40
|
49.68
|
51.21
|
0.37
|
0.9
|
|
4.57
|
0.32
|
52.73
|
57.30
|
0.29
|
1.1
|
* 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 project with Northern Vertex in
March 2011, the project has completed
87 drill holes through reverse circulation, diamond drill and
coring techniques. The Moss deposit is a low-sulfidation
epithermal stockwork deposit with a strike length in excess of one
mile.
All analyses were performed by Inspectorate America,
Reno, using industry standard
protocols. For full QC/QA procedures, please visit
www.northernvertex.com/QCQA.html
Source:
http://www.northernvertex.com/extras/NR_April-02-2012.pdf
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, 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.