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.