Patriot Gold Announces Drilling Results for Moss Mine Project, Arizona... - Patriot Gold
 
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Patriot Gold Announces Drilling Results for Moss Mine Project, Arizona
May 8, 2009

Patriot Gold Corp. (OTCBB: PGOL) today announced the results of its drilling program at its Moss Mine Project located 10 miles east of Bullhead City, Arizona and approximately 70 miles southeast of Las Vegas, Nevada. 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.

Patriot has drilled a total of 15,218 feet in 48 holes. All were reverse circulation (RC) except for 6 core holes. The drill holes have been angled so that they cross the vein at 90 degrees to vein dip where possible. Therefore, true widths will be 80-100% of the intercepts listed.

Results include thick intercepts of +0.03 oz/ton gold equivalent values. Among the more exceptional values are 80 feet of 0.081 oz/ton gold equiv. in AR-7, 75 feet averaging 0.046 oz/ton gold equiv. in AR-12, 75 feet at 0.071 oz/ton gold equiv. in AR-23, 95 feet at 0.051 oz/ton gold equiv. in AR-34, and 88 feet at 0.044 oz/ton in AR-50C. A 0.03 oz/ton gold equiv. cutoff was used to tabulate the results as shown below.

Patriot holds the Moss property via 65 unpatented mining claims and 15 patented claims (1,600 total acres). The project area is underlain by Tertiary age quartz monzonite intrusive intruding Tertiary age volcanics. Precambrian basement rocks underlie the volcanics. The Moss veins trend nearly east-west and dip to the south. The veins consist of quartz-calcite and lesser adularia. Minor pyrite occurs within the veins at depth.

The original target for Patriot at Moss was a bulk minable deposit with a conventional mill used to recover the gold/silver. While this is still an option the company is now doing work to establish the possibility of heap leaching the deposit. This would lower mining and capital costs for the project if feasible and allow mining of lower grade material.

With the possibility of being able to mine the deposit to greater depth Patriot plans further work at Moss to test the down-dip extension of the mineralization.


MOSS PROJECT DRILL HOLE ASSAY SUMMARY

HOLE-ID

FROM(ft)

TO(ft)

INTERVAL(ft)

AU(oz/ton)

AG(oz/ton)

AU EQUIV(oz/ton)

AR-1

0

40

40

0.028

0.32

0.033

AR-2

140

165

25

0.048

0.93

0.063

AR-3

155

165

10

0.028

0.79

0.041

AR-4

35

45

10

0.041

0.09

0.043

AR-5

35

80

45

0.036

0.52

0.045

AR-6

130

160

30

0.064

0.69

0.075

AR-7

200

280

80

0.072

0.56

0.081

AR-8

25

60

35

0.038

0.52

0.047

AR-9

95

140

45

0.041

0.35

0.046

AR-10

225

250

25

0.031

0.33

0.036

AR-11

30

80

50

0.045

0.73

0.057

AR-12

105

180

75

0.037

0.51

0.046

AR-13

50

65

15

0.047

0.67

0.059

AR-14

140

195

55

0.041

0.46

0.049

AR-15

55

85

30

0.041

0.55

0.051

AR-16

45

75

30

0.056

1.31

0.078

AR-17

100

110

10

0.035

0.57

0.045

AR-17

140

170

30

0.055

0.82

0.069

AR-18

135

172

37

0.119

1.25

0.140

AR-19

60

75

15

0.048

0.74

0.060

AR-20

155

165

10

0.026

0.15

0.029

AR-20

175

190

15

0.119

1.09

0.137

AR-21

65

70

5

0.024

0.35

0.029

AR-22

115

130

15

0.031

0.88

0.046

AR-22

150

170

20

0.033

0.66

0.044

AR-23

275

305

30

0.074

0.58

0.084

AR-23

315

390

75

0.063

0.48

0.071

AR-24

205

210

5

0.058

0.61

0.068

AR-24

270

295

25

0.032

0.64

0.043

AR-25

80

90

10

0.038

0.31

0.043

AR-26

190

195

5

0.058

0.06

0.058

AR-27

95

105

10

0.156

1.85

0.187

AR-28

185

190

5

0.026

0.85

0.040

AR-29

5

10

5

0.025

0.23

0.029

AR-29

60

65

5

0.026

0.18

0.029

AR-30

90

100

10

0.030

0.45

0.037

AR-30

140

185

45

0.032

0.44

0.039

AR-31

290

315

25

0.060

0.96

0.076

AR-32

270

280

10

0.024

0.39

0.030

AR-33

110

120

10

0.023

0.56

0.032

AR-33

275

330

55

0.067

0.43

0.074

AR-34

365

460

95

0.044

0.40

0.051

AR-36

10

15

5

0.036

0.29

0.041

AR-36

65

70

5

0.031

0.06

0.032

AR-37

600

605

5

0.033

0.03

0.033

AR-38

505

510

5

0.056

0.44

0.063

AR-38

560

565

5

0.030

0.18

0.033

AR-39

150

160

10

0.034

0.12

0.036

AR-39

175

190

15

0.050

0.40

0.056

AR-39

210

225

15

0.105

0.69

0.116

AR-40

No gold equivalent values over 0.03 oz/ton were intersected in this hole

AR-41

Not

drilled

AR-42

10

20

10

0.030

0.32

0.035

AR-42

140

155

15

0.030

0.22

0.034

AR-42

235

240

5

0.025

0.32

0.030

AR-43

Not

drilled

AR-44

265

305

40

0.052

0.34

0.057

AR-45C

235

240

5

0.049

1.02

0.066

AR-45C

295

300

5

0.023

0.55

0.032

AR-45C

400

405

5

0.028

0.06

0.030

AR-45C

480

485

5

0.034

0.31

0.039

AR-46C

520

525

5

0.029

0.12

0.031

AR-46C

550

555

5

0.072

0.05

0.072

AR-46C

625

630

5

0.061

0.08

0.063

AR-47C

307

312

5

0.033

0.29

0.037

AR-47C

654

665

11

0.030

0.20

0.033

AR-47C

675

680

5

0.041

0.19

0.044

AR-47C

730

747

17

0.066

1.37

0.088

AR-48C

30

40

10

0.040

0.35

0.045

AR-48C

80

85

5

0.024

0.27

0.029

AR-48C

95

100

5

0.034

0.30

0.039

AR-48C

120

130

10

0.033

0.33

0.039

AR-48C

140

205

65

0.055

0.55

0.065

AR-49C

45

55

10

0.027

0.25

0.032

AR-49C

60

65

5

0.037

0.30

0.042

AR-49C

140

145

5

0.026

0.25

0.030

AR-49C

155

210

55

0.052

0.73

0.064

AR-50C

325

413

88

0.035

0.57

0.044

Note: Only includes gold equivalent values equal to or greater than 0.03 oz/ton.

Silver to gold ratio is 60/1 for gold equivalent. True width is 80-100%.

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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