Patriot Gold Corp. (OTCBB: PGOL) today announced the acquisition of 41 new claims totaling 820 acres at its Moss Mine Gold Project located 10 miles east of Bullhead City, Arizona and approximately 70 miles southeast of Las Vegas, Nevada. The Company's Moss Mine Gold Project now covers more than 1600 acres, and is believed by management to be the largest reported gold resource in the State of Arizona.
The claims are located immediately west and north of the original Patriot claim block. The claims were staked after identification of three gold bearing vein systems not related to the Moss Mine vein. Geologic mapping and geochemical sampling has been initiated on these new targets as well as the western extension of the Moss Mine vein. It is believed by management that this program will identify new drilling targets that may further expand the current resource at Moss.
On January 27, 2010 Patriot announced a drill indicated gold-silver resource of 20.8 million tons grading 0.028 oz/ton gold equivalent for a total of 591,750 ounces (gold equivalent).
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.